Report : Europe will gain 40% of Global RFID Market by 2016

A new report predicts that the European RFID industry will have 40 percent of the world’s RFID market by 2016.

The market for RFID tags in Europe’s retail industry alone is expected to exceed 3.4 million by 2010, as many large retailers are already starting broad RFID implementation.

The report, entitled European RFID Industry Outlook (2007-2010), bases this forecast on factors including:

• The popularity of the technology in Europe
• The length of time it’s been in use
• RFID's newer capabilities
• The benefits of the technology itself
• The rapid adoption in retail supply chains

According to PRMinds.com, the report explains the projection further with the support of statistical data and in-depth analysis of various segments of the industry, its driving factors and the characteristics of the competitive market.

For more information, visit the report or blog from the RNCOS, the research firm that developed the report.

Could your company’s supply chain benefit from the visibility offered by RFID technology?

Dynamic Computer is a great source for RFID information and can help you evaluate how RFID could enhance your operation. We provide comprehensive and customized RFID solutions from concept, through testing, to implementation!

Visit the Dynamic Computer Corporation Web site or call 248-473-2200. We offer an RFID Demo tour where you can experience the technology in action! You can visit us and request a tour of our facility at 23400 Industrial Park Court, Farmington Hills, MI 48335.