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World RFID Market Future Examined in New RNCOS E-Services Report Now Available

With the rising interest of end-users and increasing awareness about the applications of the technology in different sectors, the global radiofrequency identification (RFID) market is expected to grow at a CAGR of around 18% through 2014 to reach approximately USD 19.3 billion. The RFID market in the Asia-Pacific is growing at a faster rate than those of Europe and America.
The phenomenal growth in the various emerging RFID applications under different verticals will outpace the other automatic identification technologies, like barcode. Last year, the maximum demand for the RFID came from the transportation sector, whereas retail emerged as the fastest growing vertical.

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