Tuesday, April 25, 2006

Gartner sees RFID as $3 billion business by 2010

From ZDNet News
Worldwide spending on the emerging wireless tracking technology is set to reach $504 million this year, up more than one-third from 2004, market researcher Gartner said Tuesday. Adoption will accelerate by 2007, with spending pegged to hit $3 billion by the end of the decade.

RFID, or radio frequency identification, has been hailed for its promise as a superior way to keep tabs on merchandise in warehouses and retail outlets. Scanning of data-laden chips on pallets and products would help keep inventories in order and assure buyers that they're not paying money for counterfeit goods.

No comments: