Jul 16 2010
Nearly 56% of European businesses make use of RFID technology for the purpose of person identification/access control which might help to snowball the market clout of the RFID , predicted for a 18% jump in the future and attain an estimated figure of US$ 11.2 Billion by the “Global RFID Market Analysis till 2010”report.
The present market constantly makes use of applications like item level tagging, contactless payment, and animal identification and ID documents and the usage of RFID in fields like healthcare, pharmaceutical and other vertical markets in the immediate future will hike the progress of RFID.
An analysis based on application areas and RFID technology and revenues has been conducted in regions like Middle East, Asia-Pacific, Europe and North America. The selection criteria for these countries were based on the latest trends in the market and the possibility of growth in the future. The majority of RFID revenues globally came from America closely trailed by Europe and Asia-Pacific region.
To give a detailed analysis based on quality, the RFID market has been fragmented into different aspects such as frequency, revenues, tags, middleware, transponders and readers. To provide customers a clear and impartial insight into the market the report also discusses various ways to overcome obstacles and to improve growth.
This is a complete report providing information about upcoming trends in the market, the latest advancements and their influence on the global market. A new customer to the RFID market will be able to study and gain knowledge about the ever-present chances, potential client base and other aspects including future viewpoints and succeed.
Source: (P) RNCOS E-Services Ltd.