The market for the business software needed to manage RFID
implementations is expected to grow significantly this decade.
According to a Venture Development study, last year's market was
US$24M, and should reach about $192M in 2010. That's an increase of
seven times, an approximate 50% compounded annual growth rate.
Who
is expected to dominate in the market? Giants like Cisco, IBM,
WebMethods, and possibly NCR. What's more, IBM and WebMethods are
expected to be acquiring a number of RFID software start-up companies.
Fact
is, if you're in the software business and are forward thinking, there
are numerous industries that use RFID and can all benefit from custom
middleware to manage the data collection and management. There's also
the analysis and reporting afterwards, which is a different category.
And the middleware functional parameters for each industry are already
inherently defined by their needs. If you know where to look, the
answers are available.
So opportunities will abound in the near
future, if you get started now in your software design. Pick one of the
hot industries for RFID implementation, study functionality requirements,
and start designing code and testing your systems. While I'm not going
to pretend to give you a coding lesson, the biggest hurdle in designing
new RFID middleware, besides the lack of standards,
will be understanding all of the "exception conditions" that will arise
from collecting data in real time. If you get this sorted out, and have
useful software, chances are that you may just get a courtship letter
from IBM or others. But the competition will be fierce. See the SDA
India article linked below for a breakdown.
[sources: The Register UK, SDA India]