RFID software and services segment are expected to see strongest annual growth rates, as mandated end-users quickly start RFID pilots and deploy RFID within the specified timeframes.
Analysts predict that the market for RFID-applications is likely to exceed US $6 billion worldwide by 2010, fuelling investors involved in manufacturing sector to aim for high growth returns.
The report focuses on the emerging market for RFID application in European Union. Valued at ?400million in 2004, the European market is estimated to reach approximately ?2.5billion by 2008.
RFID Industry figures to reach $26.9 billion in 2015. Market covers estimates and forecast from 2003 to 2008 for RFID hardware, software, services, applications, and vertical sector.