RFID market value will reach ?2.5bn in 2008
The value of the global RFID market will reach $4.93m (?2.5bn) in 2008, up 7% on 2007, according to a report by consultancy firm IDTechEx. The report, RFID Forecasts, Players & Opportunities 2008-2018, attributed the increased use of RFID to large national schemes for national ID and transport. It found that the tagging of pallets and cases, as demanded by retailers, would use around 325 million RFID labels in 2008.