Global radio frequency identification (RFID) smart label market set to grow according to forecasts

Global radio frequency identification (RFID) smart label market is to reach $4924.4 million by 2019 owing to increased demand in retail inventory tracking and pallet tracking. According to the new market research report “Global Radio Frequency Identification (RFID) Smart Label Market by Type (Low Frequency RFID, High Frequency RFID, Ultra High Frequency RFID), by Application, and by Geography - Analysis and Forecast to 2019”, the global RFID smart label market is estimated to grow from $2.2 billion in 2014 to $4.9 billion by 2019, at a CAGR of 17% from 2014 to 2019.