May 16, 2005
RFID Market Strategy Report
A research firm known as Research and Markets has just published their latest "RFID Market Strategy Report." The report, based on a survey of 526 radio frequency identification companies worldwide, argues that automotive companies, most of whom practice the just-in-time inventory strategy, would benefit using RFID. The report also has other findings: While predictions regarding RFID growth rates widely vary, most analysts agree about the opportunities that RFID holds. Also, the report warns that RFID deployment is not a good solution for all businesses' supply chain and inventory management needs. According to iTWeb:
Research and Markets claims that the worldwide RFID market was valued at $1.49 billion in 2004, including sectors such as RFID readers, active tags, passive tags, ICs, software and services.
In terms of an update on RFID industry trends for this year, the report notes that rapid growth rates predicted for RFID, based on the Wal-Mart compliance deadline of January 2005, did not materialise.
Read more: Auto industry needs RFID
--
Did you enjoy this post?
« DoD Awards Contracts to RFID Vendors ADT, Alien | Main | VeriSign Acquires R4 »
