Monday, June 4, 2012

RFID Technology Is Going Strong In The Market

HANOVER, GERMANY - FEBRUARY 28:  Visitors stro...
HANOVER, GERMANY - Visitors stroke a Pleo robotic dinosaur with RFID responsive learning technology at the CeBIT technology trade fair. (Image credit: Getty Images via @daylife)
This was a great old news piece on RFID that used to live on the seemingly defunct Supply Chainer Blog, please enjoy!

RFID which stands for Radio Frequency Identification and has become popular within the technology world. There is currently a strong market for RFID. RFID TagSource is a leading provider in this market that has developed new RFID tags to help businesses and companies be more effective. This is explored in the latest ABI research study that provides data about the RFID market. It is expected to grow over 16 percent over the next 5 years, where the figures will increase to $5.3 billion per year.

This is a huge prediction which has made people take RFID technology more seriously in the next few years. Individuals keen on learning more about the RFID market can read more here.