Global RFID Market to Top $2 Billion in 2005

"Global RFID services revenues are expected to touch $350 million in 2005, according to a new report titled, “RFID Products, Applications and Services Worldwide – A Market Strategy Report.” RFID technology has been growing steadily in the past 3-4 years and is expected to grow rapidly in the 2006-2009 period, before stabilizing and settling on a steady growth path. The year 2004 was marked by excitement related to mandates, entry of new players, re-positioning of some companies as “RFID focused,” new product and service launches, technology advances, standards evolution, partnerships & alliances, mergers & acquisitions, and general market awareness." Source: PRWeb