IT decision makers from a variety of industries including manufacturing, retail, transportation, and the government sector were surveyed by Wavelink Corporation in conjunction with Frontline Solutions Magazine and Frontline Solutions Conference and Expo. 79% of survey respondents plan to pilot or implement an RFID solution. Of this number, 22% have already implemented a pilot RFID program; while 42% will implement in the next 12 months. The remaining 21% plan to implement an RFID solution within 12 to 24 months. The top reasons cited for implementing RFID include improving the ability to track goods, meeting customer requirements, and receiving greater efficiencies in shipping and receiving. Concerns focused on high cost, an early, untested market, and lack of sophisticated software to integrate RFID with other business applications such as supply chain management and ERP systems.
Oct 01
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All RFID stats
- RFID sales generated $5 bln in 2007
- Animals, food and farming RFID to reach $9.4 bln by 2017
- RFID generated $4.96 bln in 2007
- RFID tag shipments to grow by 100% every year
- Chinese RFID market to grow at 82.4% a year
- RFID to earn $2 bln by 2011
- RFID baggage handling to generate $11.8 mln in 2006
- 565 mln high-freq RFID ICs shipped in 2005
- RFID presence in retail industry generated $161 mln in 2005
- 12.4% of Western European companies piloting RFID projects in 2005
- Worldwide RFID spending to reach $504 mln in 2005
- Retail RFID revenues reached $400 mln in 2004
- RFID to be a $6.1 bln industry in 2010
- 52% of men and 31% of women are aware of RFID.
- 90% of manufacturing RFID projects will focus on data integration
- 41% of adults know what RFID is
- Only 16% of the companies implemented RFID projects
- Government RFID spending to grow 120% by 2009
- RFID tagging in Europe to reach 10 bln euros by 2010
- RFID to solve $30 bln drug counterfeiting problem
- RFID tags generated $300 mln in 2004
- 10 bln RFID tags by the end of 2005
- RFID budgets to increase 3-5 times in 2005
- GPS and cellular are most popular technologies for wireless tracking
- RFID consulting market grew 47% in 2004
- $16.4 mln of RFID middleware sold in 2004
- Gartner says in 5 years RFID tag will cost a minimum of $0.20
- 79% of manufacturing, retail and transportation companies plan an RFID pilot
- Each large retailer will spend $7 mln on RFID in 2004
- Gartner compiles top 10 technologies for 2005
- 63% of NY residents want RFID wallets
- 77% of Americans heard of RFID, 42% like it
- Spending on RFID To Surpass $1 Billion
- IDC: RFID growth not as good as expected