Executive Briefings

Three RFID 'Bright Spots' Will Outpace Overall Market Growth over Next Five Years

ABI Research early this year identified three of the most promising hot-spots for radio frequency identification as the retail apparel segment, asset management, and active RFID in specific verticals.

"2009 has confirmed those assessments," says RFID practice director Michael Liard. "All three of these RFID application and technology areas have shown strong growth, and today account for 9.3 percent of the total RFID market, with combined revenues of more than half a billion dollars. We expect the trend to continue in 2010 and beyond. Apparel, asset management and active RFID should show a 12.7 percent combined compound annual growth rate through 2014, outpacing the overall RFID market growth. This is considered strong growth given the level of maturity of many RFID-based asset management applications."

ABI Research's "RFID Annual Market Overview" study provides a comprehensive, detailed overview of RFID technologies, applications and addressable vertical markets. It is intended to provide an actionable outline of the broad RFID market. It includes forecasts for RFID transponders, readers, software and integration services.

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ABI Research early this year identified three of the most promising hot-spots for radio frequency identification as the retail apparel segment, asset management, and active RFID in specific verticals.

"2009 has confirmed those assessments," says RFID practice director Michael Liard. "All three of these RFID application and technology areas have shown strong growth, and today account for 9.3 percent of the total RFID market, with combined revenues of more than half a billion dollars. We expect the trend to continue in 2010 and beyond. Apparel, asset management and active RFID should show a 12.7 percent combined compound annual growth rate through 2014, outpacing the overall RFID market growth. This is considered strong growth given the level of maturity of many RFID-based asset management applications."

ABI Research's "RFID Annual Market Overview" study provides a comprehensive, detailed overview of RFID technologies, applications and addressable vertical markets. It is intended to provide an actionable outline of the broad RFID market. It includes forecasts for RFID transponders, readers, software and integration services.

Read Full Article