RFID on the Line: Spending Will Accelerate This Year
As more and more businesses adopt radio frequency identification (RFID) technology, hardware and software spending will accelerate in 2006 and 2007. According to a recent study conducted by Gartner Inc. (Stamford, CT), worldwide RFID spending will reach $751 million by the end of this year. By 2010, Gartner predicts worldwide RFID spending will surpass $3 billion.
"Businesses are beginning to discover business value in places where they cannot use bar coding, which will be the force that moves RFID forward," says Jeff Woods, research vice president. "As the innovators' trials become public, broader deployments across emerging sectors, not just consumer goods and retail, will become evident in 2006 and 2007."