|Home||Internet of Things||Aerospace||Apparel||Energy||Defense||Health Care||Logistics||Manufacturing||Retail|
Cybra Survey Finds 2.5 Times More RFID Users Than in 2008
The RFID software provider discovered that 54 percent of respondents are currently utilizing the technology, with 81 percent expecting to recoup their investment within three years.
Jul 27, 2012—Cybra, a bar-code and RFID software provider, has announced the results of a survey illustrating that the use of radio frequency identification has increased significantly during the past four years. Specifically, the number of responding companies that indicated they were using the technology rose by 157 percent since a similar survey carried out in 2008. The study was conducted with 153 businesses, about half of which were Cybra customers.
All companies surveyed were located within the United States, varying in revenue size, as well as in industry, says Sheldon Reich, Cybra's VP of solutions—though a large percentage of respondents were retail-based, since the majority of Cybra's customers are in the apparel or other retail space. The RFID growth reported by respondents, he notes, indicates that item-level tagging for the retail sector is on the rise, largely the result of mandates. However, he adds, much of that growth is also taking place within companies operating a closed-loop supply chain, selling the products they make within their own stores.
Of those taking the survey, 81 percent indicated that they expected to recoup their investment in RFID within three years, while 56 percent anticipated a return on investment (ROI) within two years.
Approximately a quarter of those who responded described themselves as operating in the manufacturing sector. Eleven percent were retailers, while 11 percent were in apparel and nearly 10 percent were in the wholesale market.
Login and post your comment!
Not a member?
Signup for an account now to access all of the features of RFIDJournal.com!
SEND IT YOUR WAY
RFID JOURNAL EVENTS
ASK THE EXPERTS
Simply enter a question for our experts.
TAKE THE POLL
|RFID Journal LIVE!||RFID in Health Care||LIVE! LatAm||LIVE! Brasil||LIVE! Europe||RFID Connect||Virtual Events||RFID Journal Awards||Webinars||Presentations|