RFID Market Expands From $1.95 Billion in 2005 to $26.9 Billion in 2015 as Applications Become More Advanced and Diversified Into Different Areas

RFID Market Expands From $1.95 Billion in 2005 to $26.9 Billion in 2015 as Applications Become More Advanced and Diversified Into Different Areas

DUBLIN, Ireland, October 28/PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/reports/c26664 )
has announced the addition of RFID Industry- A Market Update to their
offering.

(Logo:
http://www.newscom.com/cgi-bin/prnh/20040820/RESEARCH )

The report "RFID Industry-A Market Update" provides an in-depth analysis
of the RFID Industry. The latest trends and the future forecasts of the RFID
(radio frequency identification technology) Industry are mentioned. The RFID
market in different geographical locations is identified and segregated.
According to industry statistics, the worldwide market for RFID technology
was US $1.49 billion in 2004. The growth prospects for the RFID market are
very bright.

The demand for RFID Systems is ever increasing. The report discusses the
RFID Industry figures to go up from US $1.95 billion in 2005 to $26.9 billion
in 2015. The RFID vendors are increasingly gaining from the sale of RFID
hardware components.

The RFID applications are used for security/access control, toll
collection, animal tracking, automobile immobilization, and many others.
Newer applications are being developed where the RFID Systems can be used,
specially in the United States. Various end users in the vertical markets
will be able to derive direct benefits from the RFID systems integrators.
Different plans that have been implemented in the economic sectors: Wal-Mart,
Metro AG, Target, Tesco, and the US Department of Defense.

More consumer goods item level tagging will open new leads in the RFID
market. This can lead to reduced costs and labors of the vendors and lesser
crimes against theft. Better customer satisfaction is another area that can
be tapped easily by investment in the RFID sector.

The report discusses the issues that have helped in shaping the current
demand of the RFID industry, revenue generation, future estimates, costs,
future opportunities, market insights, and the issues that impact the
industry.

Report Highlights:

Market estimates and forecast from 2003 to 2008 for RFID hardware,
software, services, applications, and vertical sector.

Geographical segregation of the RFID market.

Trends of the industry and the profiles of the major players.

Demand projections.

Major Vendors of the RFID industry by Transponder And Reader System,
Supply-Chain Software, and Systems Integrators

Recent developments of the industry.

For more information visit
http://www.researchandmarkets.com/reports/c26664

Laura Wood
Senior Manager
Research and Markets
press@researchandmarkets.com
Fax: +353-1-4100-980

Photo:
http://www.newscom.com/cgi-bin/prnh/20040820/RESEARCH

Source: Research and Markets

Laura Wood, Senior Manager, Research and Markets, press@researchandmarkets.com, Fax: +353-1-4100-980

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