Noida, UP -- (SBWIRE) -- 04/02/2012 -- Worldwide, the increasing use of the radio frequency identification (RFID) technology is transforming the retail industry. According to a recent research report by RNCOS, some of the retailers have already mandated the use of item-level tagging, which is anticipated to give a significant boost to the RFID market in near future. The deployment of the technology helps retailers reduce stock-outs, and enhance stock replenishment speed and customer services. This emerging opportunity in the retail industry is expected to develop significantly in the coming years, fueling the future RFID market globally.
The report, “Global RFID Market Forecast to 2014”, says that rising interest of end-users, and growing awareness about the technology and its usage in different applications and verticals will stimulate the global RFID market’s growth in the coming years. It is expected that the overall growth in the RFID industry will outpace other automatic identification technologies, like barcode. The entry of new players, technological advancements, mergers and acquisitions, and increasing government support will keep on benefiting the global RFID market, which is estimated to grow at a CAGR of around 18% during 2011-2014.
The 110-page comprehensive study provides detailed analysis and forecast for the global RFID market, which has been segmented into the world’s major regions-- Americas, Europe and Asia Pacific. It also discusses the key drivers, recent developments, and emerging RFID applications under different verticals. Besides, it analyzes RFID tags, reader and software/services market and presents the forecasts for these segments. The report also looks into the details of the chipless RFID market. Overall, the in-depth research aims at depicting an objective picture of the industry for clients to help them analyze the opportunities and its success, both in the short and long-term.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM378.htm
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