NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2010/07/09 - On the back of various segments adopting RFID technology, RFID market revenues are projected to grow at a CAGR of around 18% during 2010-2014.
With 56% of European enterprises using RFID in Person Identification/Access Control, we expect that market for RFID will post healthy growth rates in the coming years. According to our recent research report titled “Global RFID Market Analysis till 2010”, the RFID market will grow at a CAGR of around 18% to reach an approximate value of US$ 11.2 Billion by the end of 2014. As per our analysis, the current market is continuously being driven by applications like contactless payment, ID documents, item level tagging and animal identification. In near future the use of RFID in pharmaceutical, healthcare and in a number of vertical markets will drive the RFID uptake.
On the regional front, we have analyzed various regions using RFID technology. These regions include North America, Europe, Asia-Pacific and Middle East. Countries like US, Canada, UK, Germany, Italy, Netherlands, Japan, China, Taiwan, South Korea, Malaysia, Singapore, Thailand and India have been thoroughly studied in the report in terms of RFID revenues and application areas. We have chosen these countries for our study on the basis of current market trends and future growth potential. We have also found that Americas account for the maximum RFID revenues across the globe followed by Europe and Asia-Pacific region.
We have segmented the RFID market by revenues, frequency, middleware, tags, readers and transponders to give an in-depth and quality analysis of the global RFID market. Additionally, various growth factors and hurdles have been discussed in the report to give clients an unbiased view of the market.
“Global RFID Market Analysis till 2010” is a comprehensive research report that comprises analysis on the RFID market across the globe. It studies the emerging market trends, recent developments and their impact on the market. The report will help clients to analyze the leading-edge opportunities, prospective customer base, expected future outlook and all other factors which are critical to the success of a new entrant in the global RFID market.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.