Global RFID Market to be $3 Billion by 2007
Business Wire reports, "Today, the Wireless Data Research Group (WDRG) announced it has found the market for RFID hardware, software and services will increase at a 23 percent CAGR from more than $1 billion in 2003 to $3 billion in 2007. According to the newly available research, the adoption of RFID for inventory and supply chain management applications, coupled with the finalization of a global air interface standard and architectural framework, will add significantly to the already growing base of RFID applications."