Tuesday, October 25, 2005

RFID Spending Picture

"There was $400.2 million of spending on radio frequency identification (RFID) technology in 2004, according to a new report ("World Retail RFID Markets -- A Retailer Perspective") from Frost & Sullivan. But the really eye-catching figure is Frost & Sullivan's projection of $4.169 billion of RFID spending by 2011. That represents a tenfold increase in spending over a mere seven years." Source: line56.com