Current Setbacks Aside, RFID Will Revolutionize Verticals, Says Allied Business Intelligence.Business Editors OYSTER BAY Oyster Bay, uninc. area (1990 pop. 6,687) of the Town of Oyster Bay, Nassau co., SE N.Y., on N Long Island, on Long Island Sound; settled 1653. It is chiefly residential. , N.Y.--(BUSINESS WIRE)--May 29, 2002 Frustration may mire mire (mer) [Fr.] one of the figures on the arm of an ophthalmometer whose images are reflected on the cornea; measurement of their variations determines the amount of corneal astigmatism. mire n. the RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. industry today, but the future is still incredibly bright for the radio frequency identification See RFID. (RFID) market. The market's somewhat reluctant approach to the technology will not last forever, as developing standards, new players and novel applications emerge. By 2007, supply chain management and asset management applications will dominate RFID transponder A receiver/transmitter on a communications satellite. It receives a microwave signal from earth (uplink), amplifies it and retransmits it back to earth at a different frequency (downlink). A satellite has several transponders. shipments and related infrastructure investments, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a new report by Allied Business Intelligence (ABI Abi (ā`bī) [short for Abijah], in the Bible, King Hezekiah's mother. (Application Binary Interface) A specification for a specific hardware platform combined with the operating system. ). Tight purse strings and false expectations have stunted prior industry growth. Now, as the downturn in tech spending is digested across industries, RFID spending will increase as companies across verticals reinvent their processes to gain a competitive edge. Though expected to be slower in coming years, transponder shipment growth is expected to surpass a compound average rate of 30%. With the formation of standards, better end-user understanding and a drive to create more efficient processes, enterprises are expected to gradually adopt the technology as they reinvent themselves. The recent announcement from Marks & Spencer to tag over 3 million reusable items is a clear example of this migratory path to RFID. Similar projects will propel this segment to triple-digit average growth by 2007. "Clearly more processes will become RFID-enabled in the future. The burning questions on everyone's mind, however, are who will be the leading technology providers behind these grand installations and to what extent will these application segments drive demand for RFID," states ABI Senior Analyst and report author Edward A. Rerisi. The ABI report "RFID: Technology Evolution, Market Segmentation Market Segmentation A marketing term referring to the aggregating of prospective buyers into groups (segments) that have common needs and will respond similarly to a marketing action. Analysis and Player Profiles," addresses these issues. Key findings in the study include: - Supply chain management and baggage tracking applications will experience rapidly accelerating triple-digit growth. - Asset management and supply chain installations will account for over two-thirds of all transponder shipments by 2007. - Required investments in RFID infrastructure alone will exceed $1.1 billion by 2007, as companies expand their RFID systems' reach. The new ABI report examines 12 different application segments and their impact on the market for transponders, readers and software and services. Additionally, the study analyzes key suppliers in the market. Allied Business Intelligence Inc. is an Oyster Bay, NY-based technology research think tank that publishes research and technology intelligence on the wireless, broadband, electronics, networking and energy industries. Details can be found at www.alliedworld.com or by calling 516-624-3113. |
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