RFID Technology Market Set for Huge Growth

According to a research report by IDtechex,  the RFID (Radio Frequency Identification) market is in a hyper growth phase. The technology through wireless contacts automates distribution, inventory management and helps in increasing customer satisfaction.  Today the RFID market size is around $9.2 billion. The report notes that the high growth of RFID is visible in tags, readers and software/services for RFID labels, cards, fobs and other forms. IDTechEx makes a forecast that the market size will grow to $30.24 billion in 2024.