RFID Speding to go up to 2.5 Billion, Across the World; By 2010
DMeurope.com has reported that the worldwide RFID spending will reach 2.5 billion by 2010. RFID technology is steadily gathering momentum. Hardware and software expenditure will rise towards the end of 2006-2007. Apart from asset tracking, each industry will have specialized applications of RFID, which cannot be generalized. There will be several Industries that will be able to adopt RFID technology, very fast. This list includes defense and aerospace, healthcare, logistics and pharmaceuticals. Logisticmgmt.com reports:
RFID is an automated data collection technology that uses radio frequency waves to transfer data between a reader and an RFID tag to identify, track or locate that item. RFID does not, specifically, require physical sight or contact between the reader/scanner and the tagged item.
Read More: Worldwide RFID Spending to Reach 2.5bn in 2010 Report
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