Indian RFID Market Witnessing Strong Growth

Increasing government interest and investment in the RFID projects along with growing awareness among the end-users are anticipated to exhibit a CAGR growth of around 18% during 2011-2014, says RNCOS.

NOIDA, India (prHWY.com) September 11, 2012 - According to a recent research report by RNCOS, "Global RFID Market Forecast to 2014", the RFID market has become an exhortation amongst the Indian companies, with most of them gearing up to tap this growing market. Growing government interest and investment in the RFID projects along with increasing awareness among the end-users about the RFID technology's benefits is driving the market in the country. The transportation sector along with some hospitals and IT-software firms in the country are some of the sectors aggressively adopting the RFID technology.

According to our research, emerging RFID applications under different verticals will outpace the other automatic identification technologies like barcode. It is also expected that with the development and dissemination of harmonized RFID standards globally, the growth trend of RFID technology is expected to flourish in the coming years. Considering all the impending factors and business dynamics of the RFID market, our analysis claims global RFID market to grow at an anticipated CAGR of around 18% during 2011-2014.

We have also provided forecast of the global RFID market which is segmented into world's major regions: America, Europe and Asia Pacific. A comprehensive study on RFID Reader and Software/Services market other than RFID Tags market has also been analyzed and forecasted in the extensive research, which also foresees the growth trend of the same at the regional level.

We have also studied various established and emerging RFID application under different verticals to understand the current and future market outlook. The report also discusses the key drivers that will help the clients to analyze the opportunities and the success of global RFID industry both in short and the long-term. Moreover, with a view to understanding the industry's competitive landscape and presenting its balanced outlook to clients, we have included major issues constraining the growth of global RFID deployments in our research study. Besides, the study also provides a brief analysis of Global chipless (RFID) market which is expected to find increased adoption in applications in the coming years.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM378.htm

Some of our Related Reports are:

- Global RFID Market Analysis till 2010 (http://www.rncos.com/Report/IM576.htm)
- Indian DTH Market Forecast to 2012 (http://www.rncos.com/Report/IM198.htm)
- World GPS Market Forecast to 2013 (http://www.rncos.com/Report/IM035.htm)

Check Related REPORTS on: http://www.rncos.com/wireless-industry.htm

About RNCOS

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: global rfid market

Categories: Security

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