RFID growth to slow in 2009
VDC Research Group has reduced its RFID sales projections by nearly $1 billion for 2009, but emphasised the market will grow, says RFID Update.
The market research group is predicting 2009 RFID revenue to grow no more than 9.2% over 2008 levels to $4.04 billion, nearly $1 billion less than its previous forecast of 30.5% growth and a $5 billion market.
"We absolutely believe the economic environment we're in will impact RFID," says VDC executive VP Chris Rezendes. "RFID markets will not grow even 10% this year."
RFID must bring ROI
The primary driver for RFID projects in many companies is meeting compliance initiatives, but identifying other business drivers can help bring a better ROI, says Search SAP.
A closer look at where errors are occurring in the supply chain or how inventory management can be improved can help ensure RFID projects bring compliance and ROI, according to analysts.
"I think that a lot of [companies]... look at RFID tagging as simply a response to a requirement by a Wal-Mart or a Sam's Club. They're not looking at the bigger picture and the value auto-ID technology can deliver," said Andre Pino, CMO for New Jersey-based Acsis, a SAP partner that focuses on automated data collection and traceability products for SAP SCM software.
Parking tags improve security
Rasilant Technologies has seen a rise in demand for its security solutions since the Mumbai terror attacks, states Live Mint.
The Mumbai-based company has devised TagPark, which is a vehicle identification and parking system that integrates RFID technology with application software.
The tag ensures only authorised vehicles are allowed to enter a restricted area or a parking lot. A reader at a secure location accesses the tag as the vehicle approaches and the gates open only if the vehicle is authorised.
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