RFID market to reach $9.2 billion in 2014 and more than triple in next decade

IDTechEx, a market research and consulting firm, has released research suggesting the RFID market – including tags, readers, software and services, for passive and active RFID – will grow from $7.88 billion in 2013 to $9.2 billion in 2014. That figure is up nearly 32% from $6.98 billion in 2012. Most growth is due to active RFID and real-time locating systems (RTLS) systems, the report indicated, followed by interrogators and then tags in terms of total money spent.