Gartner plots rise of RFID
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The adoption curve of radio frequency identification (RFID) technology shows all the characteristics of an emerging market.
The adoption curve of radio frequency identification (RFID) technology, fuelled by the promise of tracking items through the use of low-cost intelligent tags, shows all the characteristics of an emerging market, says analyst house Gartner.
With many solutions still ill-defined and partial, and an overabundance of suppliers, the market is still relatively small. However, as technological capabilities and business justifications converge, Gartner predicts that the RFID market will see annual growth of over 50% in 2007 and reach $3 billion in 2010.
The market today is experiencing more rapid expansion than might be expected as many early adopters are under pressure from their larger partners, such as Wal-Mart, to incorporate the technologies. But Gartner estimates that as many as 40% of those suppliers would not have adopted RFID unless mandated by such retailers, and as a result many early adopters are not yet comfortable with the status or business case of their tagging projects. Many organisations are still "learning to walk" with pilots, analysts said.
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