Report: Global RFID Market Hit $5 Billion in 2007
Written by Evan SchumanJanuary 18th, 2008
RFID sales around the world hit $5 billion last year, a figure significantly pushed by a $2 billion investment in China's chipped national ID card, according to a report this week from U.K.-based RFID analysis firm IDTechEx.
"Those newly recorded projects represented 20 percent growth in the size of the database, reflecting the rapid growth of the market way beyond the Chinese ID card," said IDTechEx CEO Raghu Das. "We could have added more than 500 more consumer goods companies mandated by retailers to tag pallets and cases but that would be living a lie because most of these are doing little or nothing in the face of the huge financial cost and lack of payback if they comply."
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Our Comment SPAM system is getting very aggressive these days and has been blocking legitimate comments. If you post a comment and don't see it appear within 2 hours or so, can you please send a heads-up to customer-service@storefrontbacktalk? Ideally, please include the time you posted the comment. That will allow us to try and hunt for it. Thanks! P.S. We're working on fixing the system, but we don't want to lose any valuable comments in the meantime.
Is there really an improvement between a mag swipe and contactless tap if multi-factor authentication is required?
-Ed
