Radio Frequency Identification (RFID) has evolved into a popular technology, making great strides in market growth. Applications such as toll collecting, security, and access control continue to be major revenue driving forces in the market.
In addition, RFID pilot projects from the last two years will be implemented on a large scale in many businesses and corporations. The Department of Defense and Wal-Mart are two major players who have adopted RFID. This has made RFID tagging necessary for their suppliers and encouraging a wide scale adoption of the technology. The drawback to RFID so far is that it has not yet been standardized, which is causing fragmented use among emerging applications. Once Radio Frequency Identification has established itself in industry, expect a huge growth of RFID devices.
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