- November 04, 2014
RFID was invented seven decades ago--however, 23% of all the RFID tags ever sold were sold in 2013. In 2014, a further 1.12 billion RFID tags will be sold.
November 4, 2014 - RFID was invented seven decades ago, however, 23% of all the RFID tags ever sold were sold in 2013. In 2014, a further 1.12 billion RFID tags will be sold versus the total number of tags sold in 2013. RFID has been trialled and piloted extensively and it is now in rapid adoption mode in many industries, for many applications and is being rolled out in a cookie-cutter approach as the high performance capability versus system cost proves payback. Converging with this is the rapidly growing interest in the Internet of Things (IoT), usually meaning powered IP based nodes, often with sensors. The Internet of Things is of great excitement to many of the world's largest consumer electronics companies seeking to leverage the electronics that consumers now carry, providing new valuable capabilities and services. RFID will play an important part - namely by addressing the highest volume opportunity where tag price is important. That is why companies such as Google are involved, already having used UHF RFID in the development of glucose sensing contact lenses. 'With over 10 billion RAIN RFID tags in circulation through this year, and 100 billion tags by 2020, data collection for the IoT is already in full swing.' said Steve Halliday, RAIN president. 'The latest version RAIN tags are able to include encryption and the ability to interface directly with sensors, which will lead to even more implementations of the IoT using RFID.' About IDTechEx IDTechEx guides your strategic business decisions through its Research and Events services, helping you profit from emerging technologies. IDTechEx Events provide an analytical, commercial outlook, taking into account market requirements, competitive technologies and development roadmaps. Attendees are presented with the full, diverse range of technologies; but the main thrust is always on end user needs and commercialization strategies.Learn More
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