Executive Briefings

Omnichannel to Push Annual RFID Revenue to $5.4Bn in 2020, Report Says

A Frost & Sullivan report finds that sales of RFID readers, tags and software to the retail sector will grow from $738m in 2014 to $5.409bn in 2020, reflecting a compound annual growth rate of 38.9 percent.

Omnichannel to Push Annual RFID Revenue to $5.4Bn in 2020, Report Says

Research by Ram Ravi, a Frost & Sullivan electronics and security industry analyst, determined that retailers have begun to better understand the technology's benefits, according to his report, "Analysis of the Global RFID Market in Retail." The applications for which RFID is used include inventory management, monitoring customer behavior and loss prevention.

"We've reached a point where passive RFID has become a very attractive proposition for retailers," Ravi says, "and they are seeing value in the technology moving forward."

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Research by Ram Ravi, a Frost & Sullivan electronics and security industry analyst, determined that retailers have begun to better understand the technology's benefits, according to his report, "Analysis of the Global RFID Market in Retail." The applications for which RFID is used include inventory management, monitoring customer behavior and loss prevention.

"We've reached a point where passive RFID has become a very attractive proposition for retailers," Ravi says, "and they are seeing value in the technology moving forward."

Read Full Article

Omnichannel to Push Annual RFID Revenue to $5.4Bn in 2020, Report Says