Noida, India (PressExposure) December 23, 2009 -- The Radio Frequency Identification (RFID) industry has witnessed remarkable growth over the past few years. From pharmaceutical companies to retailers, the RFID application has been creeping into increasing number of industries because the automated data collection capability of this technology enables to identify and track shipments of products within supply chain or to keep tabs on high value assets such as corporate equipments.
It has been found that automation in tracking business processes helps reducing manual processes through automated scanning and data entry, and improves productivity. According to our new research report âGlobal RFID Market Analysis till 2010â, the global RFID market is expected to grow at a CAGR of around 28% from 2010 to 2013. Various factors driving the uptake of RFID technology worldwide have been extensively covered in the report.
We have found that the global economic crisis has not stalled growth of the RFID market worldwide, but it (growth) has slowed down to around one third in 2009 as compared to the growth rate reported in previous years. The report foresees bright future for RFID market starting from 2010. In order to get deep insight into the market, we have done thorough analysis of the RFID market at regional and country level. It states that Asia Pacific will witness the highest RFID revenue generation owing to rapid adoption of RFID applications in several countries, including China, India, South Korea, Taiwan and Thailand.
âGlobal RFID Market Analysis till 2010â provides an in-depth research and rational analysis of the RFID market worldwide. Various established and emerging RFID applications in different verticals have been covered in the report to understand the current and future market outlook of RFID in these verticals. The report also discusses the global RFID market rationally and helps clients to analyze opportunities and factors critical for the success of global RFID industry both in short and long term.
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