The RFID Market Will Be Worth over $70 Billion
Efficiency and improved operational capability are the overriding goals behind this adoption. Retail growth is driven by the proven returns that item level tagging can deliver. Stock is less likely to get lost, shop floors better stocked, and the ordering process will get smarter. RFID will cross over into customer-facing services with NFC for product information and smart marketing.
Government is a high-value sector, with strong uptake of contactless/RFID in documents and credentials. However, the drive for increased efficiency in applications such as asset tracking, fleet management, personnel location, and security are increasing the sector's acceptance and uptake of RFID solutions.
Transportation and logistics increasingly make use of the ability to accurately track and trace items and goods at item, pallet, and container level as service providers look to generate more detailed data for themselves and their customers. Also, smarter public transit systems are utilizing contactless ticketing as the basis for better managed and cost effective services.
ABI Research's new study, "RFID Market by Application and Vertical Sector" ( http://www.abiresearch.com/research/1003629 ), provides a comprehensive overview and summary of the impact that the latest product launches, new entrants, and changing market dynamics will have on the future direction and evolution of the market. It provides an excellent introduction and guide for those new to the market, as well as a timely update for those experienced within the RFID market.