Sep 16
Consumer goods manufacturers, which will spend an average of $6.9 million each on RFID in 2004, need to put their ROI into perspective looking beyond generic benefits, according to the Yankee Group.
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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