The most recent edition of ABI Research's annual survey of RFID end users has found that about one fifth of responding organizations spent more than $1m each on RFID in 2010. The great majority of respondents - nearly 75 percent - spent less than $500,000 on RFID, while a few "big spenders" currently using, deploying or piloting RFID paid out more than $10m each.
Taken together, says research director Michael Liard, "These numbers provide strong evidence that the RFID market is growing at a healthy pace."
Expectations for RFID budgets through 2011 are also encouraging, says Liard: "The positive news is that the majority of respondents are concentrated in the "increase" category. Even better is that only 4 percent of all respondents reported no budget planned for RFID in 2011."
Specifically, 54 percent of the 128 organizations polled expect to increase their RFID spending, while only 11 percent foresee a decrease in expenditure. The "increase spending" percentage rises to 62 percent among respondents who are at the pilot program stage; even within the group least likely to grow their budgets - those which have completed RFID deployment - some 46 percent expect to spend more in 2011 than they did in 2010.
These findings are just a few of many indicators that RFID adoption is increasing on both an aggregate level and within all vertical markets. Through more than 175 tables and charts and with the largest number of respondents to date, this latest annual RFID end-user survey report confirms that RFID is very much in a high growth stage.
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