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Saturday, January 15, 2005

2005 : RFID Outlay To Grow Substantially

We covered recenty, the deep impact that RFID may make across the enterprise. Now more research seems to support this perspective.
( Via ITFacts) Most of the companies that undertook to meet RFID mandates during 2004 did get involved with the technology to a greater or lesser degree. But many started small, allocating much lower budgets to the effort than the $2-3 million some analysts had predicted. In 2005 these companies are increasing their investment, to scale up and integrate RFID into their normal operations. The ABI Research team dissects the RFID industry using a three-tiered approach that encapsulates a deep understanding of the relationship between technologies, markets and competition.

Analysis Highlights:

• Due to increased market activity, shipments, and mandates, ABI Research estimates the RFID hardware and software market will surpass $4.6 billion by 2008.
• Supply chain retail, consumer goods, and defense activity continue to fuel growth, along with increased innovation in homeland security and smart payment markets.
• Supply chain management RFID technology innovation continues but shortcomings persist.
• New mandates from global retail giants reinforce RFID market growth.

We have always maintained that 2005 shall see substantial investment in RFID related technologies,in areas where it shall be directly felt- in the next 2/3years, we believe that the usage of RFID technologies would be prevalent all across the extended enteprise, significantly affecting the processes.

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Sadagopan's Weblog on Emerging Technologies, Trends,Thoughts, Ideas & Cyberworld
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