Market Strategy For RFID

May 23, 2005
RFID is a good place to start, but is not a solution for all supply chain challenges, according to a report titled, " RFID Products, Applications and Services Worldwide -- A Market Strategy Report" issued by Research and Markets, a Dublin-based research ...

RFID is a good place to start, but is not a solution for all supply chain challenges, according to a report titled, " RFID Products, Applications and Services Worldwide -- A Market Strategy Report" issued by Research and Markets, a Dublin-based research company.

The report recommends that companies view RFID technology from both a global strategic perspective as well as an enterprise-wide viewpoint. This means users must incorporate business processes and change management issues into a RFID program. Furthermore privacy is become an increasingly important concern affecting RFID implementation.

In 2004, the worldwide RFID market was $1.49 billion, including RFID readers, active tags, passive Tags, ICs, software and services. Considering the complexity of the technology the report concludes that no single vendor can offer end-to-end solutions with their own products and services.

The report, which provides industry specific information, notes that the automotive industry is already using RFID and is ahead of the technology curve compared to other manufacturing companies. This sector is currently using RFID for parts tracking, vehicle-related applications and capital asset management.

For a complete index of this report click on http://www.researchandmarkets.com/reports/c17485.

Interested in information related to this topic? Subscribe to our weekly RFID eNewsletter.

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!