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Frost & Sullivan: Ability to Provide Critical Business Intelligence Augments Customer Interest in Active RFID

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Frost & Sullivan: Ability to Provide Critical Business Intelligence Augments Customer Interest in Active RFID PR Newswire MOUNTAIN VIEW, California, June 14, 2012 - Information and business intelligence offered by active RFID technology is expected to enhance growth prospects in various end- user verticals MOUNTAIN VIEW, California, June 14, 2012 /PRNewswire/ -- Active radio- frequency identification (RFID) is steadily rising through the ranks, as the demand for real-time tracking of objects and personnel is getting louder. Supply chains in various industries are realizing the utility of long-range track and trace applications supported by traditional active RFID technology, real time locating and tracking supported by real-time locating systems (RTLS) and conditional monitoring supported by active RFID sensors. New analysis from Frost & Sullivan (http://www.autoid.frost.com), Analysis of the Active RFID and Sensor Networks Market, finds that the market earned revenues of $964.0 million in 2010 and estimates this to reach $8.39 billion in 2017 with widespread global implementation of RFID technology in business processes. If you are interested in more information on this research, please send an email to Jeannette Garcia, Corporate Communications, at jeannette.garcia@frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.
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Frost & Sullivan: Ability to Provide Critical
Business Intelligence Augments Customer
Interest in Active RFID
PR Newswire
MOUNTAIN VIEW, California, June 14, 2012
- Information and business intelligence offered by active RFID
technology is expected to enhance growth prospects in various end-
user verticals
MOUNTAIN VIEW, California
,
June 14, 2012
/PRNewswire/ -- Active radio-
frequency identification (RFID) is steadily rising through the ranks, as the
demand for real-time tracking of objects and personnel is getting louder.
Supply chains in various industries are realizing the utility of long-range track
and trace applications supported by traditional active RFID technology, real
time locating and tracking supported by real-time locating systems (RTLS) and
conditional monitoring supported by active RFID sensors.
New analysis from Frost & Sullivan (http://www.autoid.frost.com),
Analysis of
the Active RFID and Sensor Networks Market
, finds that the market
earned revenues of
$964.0 million
in 2010 and estimates this to reach
$8.39
billion
in 2017 with widespread global implementation of RFID technology in
business processes.
If you are interested in more information on this research, please send an
email to Jeannette Garcia, Corporate Communications, at
jeannette.garcia@frost.com, with your full name, company name, job title,
telephone number, company email address, company website, city, state and
country.
Despite the greater product awareness, many users still prefer passive RFID to
active RFID due to its lower costs and electronic product code (EPCglobal)
standards. Moreover, the lack of common industry standards makes the active
RFID technology proprietary.
"Market industry participants, industry associations and governments across all
nations need to work together to bring in a common standard in order to boost
the adoption," said Frost & Sullivan Senior Research Analyst Nandini
Bhattacharya.
The combination of active RFID and sensors will be a winning mix, as the
technology provides accurate information on the location as well as the
condition of various objects and personnel tracked. End-users are increasingly
migrating from traditional active RFID to more advanced technologies such as
RTLS and active RFID sensors, as these are better equipped to not only track
real-time location, but also the external conditions of the items being tracked.
Market participants are focusing on developing technologies that support a
combination of technologies such as active RFID, passive RFID, sensors, RTLS,
wireless fidelity (Wi-Fi), infra-red, ultra wide bandwidth (UWB), global positioning
system (GPS), and general packet radio service (GPRS). Along with these
developments, software and middleware companies should also focus on
creating stronger and innovative platforms that support the convergence of
various technologies.