Thursday, January 16, 2014 10:44:50 AM
TRIPLE GROWTH IN RFID MARKET BY 2020 TO 23.4 BILLION DOLLARS
The value of the radio frequency identification (RFID) market will almost triple in 2020, growing to $23.4 billion from a $7.88 billion arena this year. Demand for passive and active RFID formats, as well as readers, software, and services, will increase across the board, owing to diverse applications (e.g., smart cards and public transport tickets).
By 2024, moreover, the business will have grown another 29 percent, to $30.24 billion. RFID is clearly a technology that will play a major role in almost every industry, including procurement and supply chain visibility.
- See more at: http://www.thomasnet.com/journals/procurement/report-predicts-major-growth-in-rfid-market/#sthash.8A61hHmt.dpuf
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