RFID Tags Market Exhibits Robust Growth

Press release   •   Mar 27, 2012 12:40 IST

A new research report by RNCOS, “Global RFID Market Forecast to 2014”, says that with increased perception of end users on the usage of RFID in different applications and verticals, the growth trend of RFID technology is expected to flourish in the coming years. Global RFID market, one of the world's fastest growing wireless markets is dominated by tags accounting for a majority share. RFID tag manufacturers are increasingly developing products conceived for specific applications. Some companies are also working on processes that would make it possible to print RFID tags directly onto good plastic packages in order to lower RFID tag costs. Strong adoption of smartcards, ticketing, retail solutions, healthcare, and various other sectors is fueling the growth of RFID tags and this trend is expected to continue in future also. It is anticipated that RFID Tag market will exhibit an impressive CAGR of over 20% during 2011-2014.

Besides, increasing government adoption and efforts toward standardization will also contribute to the growth of RFID market worldwide. It is expected that emerging RFID applications under different verticals will outpace the other automatic identification technologies like barcode.

Our report offers a detailed analysis and forecast of the global RFID market, segmented into the world’s major regions including America, Europe, and Asia Pacific. A comprehensive study on RFID Reader and Software/Services market other than RFID Tags market has also been evaluated and forecast is being provided in this extensive research, which also foresees the growth trend of the same at the regional level.

We also studied various established and emerging RFID applications under different verticals to understand the current and future market outlook. The report also discusses various key drivers that will help the clients to analyze the opportunities and the success of global RFID industry both in short and the long-term. Moreover, with a view to understanding the industry’s competitive landscape and presenting its balanced outlook to clients, we have included major issues constraining the growth of global RFID deployments in our research. The report also provides a brief analysis of Global chipless (RFID) market, which is expected to find increased adoption in various applications in the coming years.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM378.htm

Some of our Related Reports are:

- Global RFID Market Analysis till 2010(http://www.rncos.com/Report/IM576.htm)
- Indian DTH Market Forecast to 2012(http://www.rncos.com/Report/IM198.htm)
- World GPS Market Forecast to 2013(http://www.rncos.com/Report/IM035.htm)

Check Related REPORTS on: http://www.rncos.com/wireless-industry.htm


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