OYSTER BAY, N.Y.-The global radio frequency identification (RFID) market will be worth more than $3.1 billion by 2008, according to a new study from research firm ABI that analyzes RFID standards, applications and vertical markets.
According to ABI, demand for RFID applications is growing due to wartime investment in military logistics technology and a push for supply chain visibility. “The time to build business cases, deploy trials and firmly grasp the intricacies of the RFID marketplace is now,” said Edward Rerisi, ABI’s director of research. “With over 3 billion tag shipments expected by 2008, and with retailers and manufacturers already seeing positive returns on RFID investment, RFID will only gain more and more acceptance.”
