ABI Research: RFID Industry Will Reach $5.6 Billion This Year
Written by Fred J. AunThe RFID industry is being slowed, but not stalled, by the recession, according to ABI Research. The company’s latest market data shows that total revenue earned from RFID transponders, readers, software and services will exceed $5.6 billion by the end of 2009. “The recession has had an undeniable effect on deployment plans,” said ABI Research practice director Michael Liard. “Despite some project deferrals and terminations, there will be market growth, albeit fragmented.”
The RFID market is “worthy of cautious optimism in the near to mid-term, particularly in the closely-watched passive UHF segment,” said ABI Research. And while the RFID industry, like most others, is struggling, the researchers said they “would not characterize it as being in a state of despair or turmoil.”
Leave a Reply
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
