RFID Revenue to Hit $5.6 Billion This Year, ABI Says
March 31, 2009 Alex Woodie
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Spending on RFID–including transponders, readers, software and services–will amount to $5.6 billion, ABI Research said last week. While the number is lower than ABI had previously predicted, it doesn’t mean the wireless technology is in a state of “despair or turmoil,” the research group said. It’s been just a few months since ABI released its prediction that RFID would grow 15 percent annually to reach $10 billion by 2013. With the benefit of hindsight, we can now tell that those November predictions were slightly rosy, as overall IT spending has dipped southward along with the poor economy. “The recession has |
