Global RFID market on a steep growth trajectory

As the IoT industry booms, the global RFID market has grown rapidly, with the market size exceeding USD10 billion in 2015. According to the latest market intelligence fromRnRMarketResearch, this figure is expected to surpass USD17 billion in 2020. At present, the global RFID industry is mainly concentrated in European and American markets, where RFID technology has more mature applications, accounting for nearly 70% of the global total in 2015.