February 16th, 2005
RFID tagging in Europe to reach 10 bln euros by 2010
Radio tagging offers the possibility of creating a data profile for goods in order to improve flows of information along the value chain. The application possibilities for radio tagging are far more than simply a replacement for bar codes in wholesale and retail. With the resolution of pressing requirements in the areas of technology, regulation and marketing, the overall market for radio tagging in Europe could grow 10-fold over the next six years to reach 4 bln euros, according to research from Deutsche Bank.
Alex is a software engineer in the San Francisco Bay Area. ITFacts is created and updated by a group of statistics-obsessed individuals.
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