According to a new report from market analysts Frost & Sullivan, the asset tracking/RFID industry is prepared to experience explosive growth. With recent RFID pushes from Wal-Mart and the Department of Defense, RFID technology has pushed into more and more widespread usage.
Despite concerns about standardization--the industry does not generally use open-source systems--such growing market areas as security, toll collecting and access control will continue to make RFID tracking a technology growth sector according to a Frost & Sullivan statement released to the press via research reseller Mindbranch.com.
The positive forecast is based upon Frost & Sullivan's release of its "World RFID-based Application Markets" research report.