RFID Sales Fell Short in ‘06, VDC Says

Nevertheless, investment in RFID remained strong and the industry made significant strides toward resolving standards-related issues. According to the report, the worldwide market for RFID systems exceeded $2.3 billion in 2006, with hardware accounting for nearly 59 percent of the total market. VDC anticipates nearly 35 percent growth (CAGR) through 2008, with total global revenues projected to exceed $3 billion by the end of this year.