International. A recent study reveals that the market for RFID transponders, readers, software and services will generate more than $70 billion between 2012 and the end of 2017.
The study by ABI Research, called "RFID Market by Application and Vertical Sector" provides a summary of the impact that the latest product launches, innovations and the changing dynamics of the segment will have on the future direction and evolution of the market.
In 2011, the market had a strong momentum thanks to a growth of US$900 million and is expected to grow by 20% annually. Government, retail, transport and logistics are seen as the most valuable sectors with 60% of revenue accumulated over the next five years.
While it is observed that organizations will increase their efficiency and perfect their operational capacity, it is valued that the retail sector in particular must experience very strong growth and will be on track to become the strongest specific sector in the employment of RFID in the year 2015 reveals the ABI Research study.
