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RFID Tags Market Trends - Global Industry Analysts, Inc.

The global market for RFID tags is projected to reach US$6.9 billion by 2020, driven by robust application opportunities in the retail and healthcare sectors. In the healthcare sector, the growing focus on infection control is igniting interest in the use of RFID technology for tracking and classification of medical instruments. The technology holds immense potential for improving supply chain efficiency, and ensuring patient safety and reducing human errors in healthcare processes. Medication management and monitoring of critical care equipment represent other interesting...

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Radio Frequency Identification (RFID) Technology Market Trends

The global market for Radio Frequency Identification (RFID) Technology is projected to reach US$15.5 billion by 2020, driven by new application opportunities in the retail and healthcare sectors. Expanding Internet of Things (IoT) ecosystem and the resulting need for deploying multitude of connected devices in a wide range of application areas will additionally boost growth prospects for RFID technology in the coming years. The market also stands to gain from technology developments that help drive...

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