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Report: RFID Market Worth $2.7B This Year
Research firm IDTechEx has released the 2006 version of its annual comprehensive report on the RFID market. The report makes strong predictions for most of the RFID market segments, with significant ramp-up occurring in the next few years. This article from outlines the highlights.
Jan 27, 2006—This article was originally published by RFID Update.
January 27, 2006—Research firm IDTechEx of Cambridge has released the 2006 version of its annual comprehensive report on the RFID market and its growth prospects over the next decade. Relative to other recently-released research, RFID Forecasts, Players & Opportunities 2006 - 2016 makes very optimistic predictions. Most notably, IDTechEx sees RFID being worth $2.71 billion in 2006. By contrast, Gartner, in its comprehensive market report released in December, doesn't predict such values until around 2010, when it pegs the RFID market at $3 billion. Such prediction discrepancies have been common in RFID for the last few years, which is an indication of just how young the market is.
Following are highlights from IDTechEx report:
See the announcement from IDTechEx
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