PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Global RFID Market Thrives as Solutions Drive Efficient and Intelligent Businesses Finds Frost & Sullivan - Fuelled by emerging applications, market to see CAGR of 12% between 2009 and 2016 - AutoID.Frost.com
Global RFID Market Thrives as Solutions Drive Efficient and Intelligent Businesses Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Kuala Lumpur, Malaysia, 2011/08/17 - Fuelled by emerging applications, market to see CAGR of 12% between 2009 and 2016 - AutoID.Frost.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Electronics/Instrumentation/RFID Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Prospects for the global RFID market look upbeat as rapid advancements in technology have spiked adoption across different verticals. RFID tags accounted for more than 50 percent of the world's RFID revenues in 2009, with figures reaching between US$1.5 to US$2.5 billion. As tags are evolving into smaller form factors to meet the requirements of different environments, more features and capabilities are being added for optimizing performance and enhancing accuracy for applications.

Companies are striving for operational efficiency in processing, especially in controlling asset integrity and in improving inventory visibility in the supply chain to stoke business progression. Emerging applications have the potential to unleash new opportunities for growth in the market.

New analysis from Frost & Sullivan (autoid.frost.com), Global RFID Market, finds that while the market earned revenues in the range of US$3 - US$4 billion in 2009, it will witness a compound annual growth rate (CAGR) of over 12 percent until 2016.

"Convergence of RFID with other technologies such as real-time locating systems (RTLS) and Wi-Fi will be a strong trend in the coming years for niche applications, adding intelligence to business processing needs," says Frost & Sullivan Research Analyst Susan Sahayan. "Active RFID technology incorporated in wireless sensor networks (WSN) is another development that is gaining traction and creating more applications, which were earlier considered impossible."

Some popular examples are the monitoring of natural disasters, vehicle crash monitoring on highways, waste management, and smart grid data monitoring.

Although the outlook for the market is bright, some impediments are proving to be growth bottlenecks. Evidence points to a reluctance among businesses to implement RFID due to the risks involved and the current market situation. End users are in a wait and watch mode, unsure of the outcome of RFID implementation.

In some cases, inadequate infrastructure hampers the growth of RFID. In instances where RFID solutions need to be fully integrated into backend management systems, deployment of full-fledged systems can skyrocket implementation costs. This is a major challenge for businesses in the industry.

Pricing pressure is another factor restraining market momentum. Although RFID tag prices have significantly reduced in the past, the tag market continues to face pricing pressure due to over-expectation in the market. Vendors are known to be selling at low, no, or negative margins. This has created unhealthy competition in the market. Hence, newcomers in the RFID market are encouraged to be aware of the existing conditions and to promote fair competition.

The global market participants in the market continue to be strong with the high emphasis placed on quality and continuous improvement. RFID vendors need to understand the dynamics of the RFID ecosystem, identify opportunities for growth, and focus on delivering innovative solutions for the unmet needs of the market. Education and training of channel partners and end users are of vital importance for successful implementation.

"Participants in this domain must prioritize customer relationship management initiatives and step up efforts to raise awareness on the benefits of RFID implementation," says Sahayan. "Businesses must consider upgrading their existing infrastructure, such as network and storage, to enable RFID systems to work seamlessly, as opportunities will proliferate if a more robust infrastructure is in place."

If you are interested in more information on this study, please send an email to Donna Jeremiah, Corporate Communications, at djeremiah[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country.

Global RFID Market is part of the Automatic Identification & Security Growth Partnership Services program, which also includes research in the following markets: Asia Pacific RFID Market and Global Electronic Access Control Market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents.

Global RFID Market / P492

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Electronics/Instrumentation/RFID Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Electronics/Instrumentation/RFID articles,
CATCH Visitors via Your Competitors Announcements!


Global RFID Market Thrives as Solutions Drive Efficient and Intelligent Businesses Finds Frost & Sullivan

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Frost & Sullivan |
Publisher Contact: Donna Jeremiah / Carrie Low 
+603-6204-5832 / +603-6204-5910 djeremiah[.]frost.com / carrie.low[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Electronics/Instrumentation/RFID via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Electronics/Instrumentation/RFID Most Recent Related Newswires:

Curtiss-Wright Selected by Bell Helicopter Canada to Provide Cockpit Voice/Flight Data Recorder System
Toyota Acknowledges Infineon for Outstanding Quality
Curtiss-Wright, Lynx Software Technologies, ENSCO Avionics, and CoreAVI Demo LynxOS®-178 Safety Certified RTOS for Single Board Computers
Hitachi High-Technologies Launches the Most Advanced Ion-Milling System ArBlade 5000
LORD Corporation Adds Low-Cost, Industrial-Grade 3DM-CV5 Inertial Sensor Family
Bruker Introduces New Calibrations for EOS Handheld LIBS Elemental Analyzer
Bruker Introduces New Clinical Microbiology Assays and Kits at ECCMID
Infineon Joins the 5G Automotive Association to Contribute to Connected Automated Driving
Voith Partners 2ith Persistent Systems, LLC to Offer Unique Radio Technology for Industrial Environments
Spellman High Voltage Electronics to Exhibit at the International Technical Exhibition of Medical Imaging 2017 (ITEM)
Curtiss-Wright Introduces Cost-Effective COTS-based Radiation-Tolerant Data Acquisition System for Space Based Applications
Tiempo Secure Introduces TESIC-SE Secure Element Associating High Security with Low Power for the IoT Market
Curtiss-Wright and WOLF Advanced Technology Collaborate to Bring Advanced NVIDIA Maxwell and Pascal GPGPU COTS Solutions to ISR/EW Applications
Signaling Continued Investment in China, Bruker Open Beijing Center of Excellence
Bluestar Introduces New ISV Connect Program

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  NAKIVO, Inc.

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)