Forecast Predicts Explosive Growth in the RFID Space

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Radio Frequency Identification (RFID) has received considerable hype over the past few years. Significant technology instigators like Wal-Mart and the U.S. Department of Defense (DoD) have mandated the use of RFID for suppliers. Several large manufacturers and retailers are expected to follow suit sooner rather than later.

The topics discussed in this research note include:

  • RFID applications. 
  • RFID trends. 
  • RFID growth predictions. 
  • RFID benefits.

Small enterprises are hearing growth forecasts for RFID adoption which are nothing short of astounding. Explosive growth in the market for RFID tags, hardware, applications, and services is almost universally anticipated. Info-Tech predicts 30-40% annual market growth between 2009 and 2012.

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