RFID market to touch USD 25 billion by 2025

Bangalore, July 28 (UNI) The market for Radio Frequency Identification (RFID) across the world is expected to touch USD 25 billion by 2025, a growth of 800 per cent from the present USD 300 billion, IBM Corporation, Asean-South Africa Director (Industrial Sector) K S Raghunandan said today.

Delivering the keynote address at a National Conference on RFID here, he said its growth was expected to touch USD 10 billion by 2010.

RFID, one of the most capable technologies ready to bring in a revolution, helped business to easily create, deploy, manage and integrate existing processes and applications, he explained.

Mr Raghunandan said in India even though the technology was comparatively at a growing stage, there was a huge market potential because of its size.

Delivering the inaugural address, Karnataka IT and BT Principal Secretary Anup K Pujari said the state government was contemplating introducing RFID for produces meant for distribution under Public Distribution System so that any pilferage and misuse could be checked immediately.

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