According to foreign media reports, almost every segment of the radio frequency identification (RFID) industry has experienced unprecedented growth in recent years. Even in the economic crisis in 2009, RFID has made great progress. According to the market report of "Global RFID Market 2014 Forecast", new members' entry, technological progress, mergers and acquisitions, and government support will continue to benefit the industry in the coming years. According to forecast, the growth rate of the global technology market from 2011 to 2014 will be around 18%, and the total value will reach about 19.3 billion US dollars.
The "Global RFID Market 2014 Forecast" pointed out that all kinds of emerging applications in different fields will have alarming growth data that exceeds other automatic identification technologies such as bar code technology. The report examines emerging applications in different areas (government, transportation, retail, medical, and automotive, etc.) to understand current and future market prospects in these areas. Longitudinal analysis shows that in 2011, the largest demand came from the transportation sector, while retail became the fastest growing vertical industry. As interest rates rise, end-users have increased their application requirements for different technologies in different fields. They also expect the market to continue to grow in the coming years.
The report comprehensively provides detailed market analysis and forecasting, and studies the major regions of the world such as the United States, Europe, and Asia Pacific. In the analysis at the regional level, there are data showing that the Asia Pacific market is growing faster than Europe and the United States. The study also provides a brief analysis and outlook of the chipless RFID market and it is expected that this technology will be applied more in the next few years.
The research provided country-level market data statistics and charts, and subdivided forecasts for RFID tags, readers, and software/service markets. In addition, in response to user demand, the report also included a study of major issues that limit the growth of global RFID system deployment.
The "Global RFID Market 2014 Forecast" pointed out that all kinds of emerging applications in different fields will have alarming growth data that exceeds other automatic identification technologies such as bar code technology. The report examines emerging applications in different areas (government, transportation, retail, medical, and automotive, etc.) to understand current and future market prospects in these areas. Longitudinal analysis shows that in 2011, the largest demand came from the transportation sector, while retail became the fastest growing vertical industry. As interest rates rise, end-users have increased their application requirements for different technologies in different fields. They also expect the market to continue to grow in the coming years.
The report comprehensively provides detailed market analysis and forecasting, and studies the major regions of the world such as the United States, Europe, and Asia Pacific. In the analysis at the regional level, there are data showing that the Asia Pacific market is growing faster than Europe and the United States. The study also provides a brief analysis and outlook of the chipless RFID market and it is expected that this technology will be applied more in the next few years.
The research provided country-level market data statistics and charts, and subdivided forecasts for RFID tags, readers, and software/service markets. In addition, in response to user demand, the report also included a study of major issues that limit the growth of global RFID system deployment.
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