Singapore (BUSINESS WIRE) - Radio frequency identification's (RFID's) ability to track and trace away from the line of sight thus enabling various business processes to be automated is the key value proposition that will boost its market in the Asia Pacific region. Technologists are coming up with more unique and innovative applications for using RFID that are bound to add zest to this market.
New analysis from Frost & Sullivan (http://www.autoID.frost.com), Strategic Assessment of Emerging RFID Applications Markets in APAC, finds that market earned revenues of over $12.7 million in 2007 and estimates this to reach $2,588.5 million in 2013.
Enterprises are realizing that active tag technology can enable them to manage operations more efficiently as resources, both assets and personnel, can be more effectively deployed. Though the active tag market is in a nascent stage in the Asia Pacific, enterprises across verticals such as healthcare, manufacturing and logistics, and transportation are using them in greater numbers.
"In this increasingly fast-paced and competitive environment, end users adopting RFID are striving to differentiate themselves from the rest of their competitors by improving the overall service provided to their customers," says Frost & Sullivan Research Analyst Richard Sebastian. "Along with greater emphasis on operational efficiency and internal cost-cutting, RFID is seen by many as the platform to benefit customers, ultimately enabling these end users to capture a bigger market."
Among the emerging applications for RFID in the Asia Pacific are sports timing, document tracking, DVD tracking, oil and gas applications, jewelry tracking, and outdoor wireless sensor network. All these show promise of becoming ?every day' applications. Analysis of the various emerging RFID applications shows that they provide end users greater visibility, thus improving overall efficiency or workflow.
One challenge that market participants need to address is the lack of awareness among enterprises of the availability, benefits, and ROI of emerging RFID technologies. For instance, each emerging RFID application provides a specific benefit such as making a particular process or business run more effectively, thus saving time and reducing wastage.
Besides, RFID can lead to a safer environment for either the employees or the product. These benefits lead to monetary gains as well, leading to strong ROI from RFID.
Market participants can educate a large number of potential end users on the payback that can be obtained from RFID at tradeshows and conferences.
"RFID, now seen as an important enabler to solve or improve various issues, is increasingly being used to create new applications tailored to meet the demands of a specific industry or problems plaguing all industries," says Sebastian.
"With such great potential, enterprises from a wide range of industries across the Asia Pacific region look set to benefit from RFID deployments, thereby motivating the RFID industry growth as well."
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the emerging RFID applications market in the Asia Pacific, then send an e-mail to Donna Jeremiah, Corporate Communications, at djeremiah@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country. Upon receipt of the above information, an overview will be sent to you by e-mail.
Strategic Assessment of Emerging RFID Applications Markets in APAC is part of the Automatic Identification & Security Growth Partnership Service program, which also includes research in the following markets: RFID. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
Interviews with the press are available.
Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The company's TEAM Research, Growth Consulting and Growth Team Membership? empower clients to create a growth focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents. For more information about Frost & Sullivan's Growth Partnerships, visit http://www.frost.com.
Strategic Assessment of Emerging RFID Applications Markets in APAC P09A Frost & SullivanCorporate Communications ? North
AmericaDavid Escalante, 210-477-8427 fax: 210-348-1003 david.escalante@frost.com or Corporate Communications -
Southeast AsiaDonna Jeremiah, +603 6304 5832 fax: +603 6201 7402 djeremiah@frost.com
or Corporate Communications - Europe
Joanna Lewandowska, +48 22 390 41
46joanna.lewandowska@frost.com
or Corporate Communications - South Asia
Ravinder Kaur, +91 44 42044760 fax: +91 44 24314264
ravinder.kaur@frost.com
or Corporate Communications - Middle East
Nimisha Iyer, +91 22 4001 3404 fax: +91 22 2832 4713
niyer@frost.com
or Corporate Communications - Latin America
Jose Marea Jantus, +54-11-4777-9951 fax: +54-11-4777-0071
jose.jantus@frost.com
or Corporate Communications - China
Amelia Wong, +86 21 5407 5783, ext. 8669 cell: +86
13621724823 amelia.wong@frost.com
or Corporate Communications - Africa
Patrick Cairns, +27 18 468 2315 patrick.cairns@frost.com
http://www.frost.com
New analysis from Frost & Sullivan (http://www.autoID.frost.com), Strategic Assessment of Emerging RFID Applications Markets in APAC, finds that market earned revenues of over $12.7 million in 2007 and estimates this to reach $2,588.5 million in 2013.
Enterprises are realizing that active tag technology can enable them to manage operations more efficiently as resources, both assets and personnel, can be more effectively deployed. Though the active tag market is in a nascent stage in the Asia Pacific, enterprises across verticals such as healthcare, manufacturing and logistics, and transportation are using them in greater numbers.
"In this increasingly fast-paced and competitive environment, end users adopting RFID are striving to differentiate themselves from the rest of their competitors by improving the overall service provided to their customers," says Frost & Sullivan Research Analyst Richard Sebastian. "Along with greater emphasis on operational efficiency and internal cost-cutting, RFID is seen by many as the platform to benefit customers, ultimately enabling these end users to capture a bigger market."
Among the emerging applications for RFID in the Asia Pacific are sports timing, document tracking, DVD tracking, oil and gas applications, jewelry tracking, and outdoor wireless sensor network. All these show promise of becoming ?every day' applications. Analysis of the various emerging RFID applications shows that they provide end users greater visibility, thus improving overall efficiency or workflow.
One challenge that market participants need to address is the lack of awareness among enterprises of the availability, benefits, and ROI of emerging RFID technologies. For instance, each emerging RFID application provides a specific benefit such as making a particular process or business run more effectively, thus saving time and reducing wastage.
Besides, RFID can lead to a safer environment for either the employees or the product. These benefits lead to monetary gains as well, leading to strong ROI from RFID.
Market participants can educate a large number of potential end users on the payback that can be obtained from RFID at tradeshows and conferences.
"RFID, now seen as an important enabler to solve or improve various issues, is increasingly being used to create new applications tailored to meet the demands of a specific industry or problems plaguing all industries," says Sebastian.
"With such great potential, enterprises from a wide range of industries across the Asia Pacific region look set to benefit from RFID deployments, thereby motivating the RFID industry growth as well."
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the emerging RFID applications market in the Asia Pacific, then send an e-mail to Donna Jeremiah, Corporate Communications, at djeremiah@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country. Upon receipt of the above information, an overview will be sent to you by e-mail.
Strategic Assessment of Emerging RFID Applications Markets in APAC is part of the Automatic Identification & Security Growth Partnership Service program, which also includes research in the following markets: RFID. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
Interviews with the press are available.
Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The company's TEAM Research, Growth Consulting and Growth Team Membership? empower clients to create a growth focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents. For more information about Frost & Sullivan's Growth Partnerships, visit http://www.frost.com.
Strategic Assessment of Emerging RFID Applications Markets in APAC P09A Frost & SullivanCorporate Communications ? North
AmericaDavid Escalante, 210-477-8427 fax: 210-348-1003 david.escalante@frost.com or Corporate Communications -
Southeast AsiaDonna Jeremiah, +603 6304 5832 fax: +603 6201 7402 djeremiah@frost.com
or Corporate Communications - Europe
Joanna Lewandowska, +48 22 390 41
46joanna.lewandowska@frost.com
or Corporate Communications - South Asia
Ravinder Kaur, +91 44 42044760 fax: +91 44 24314264
ravinder.kaur@frost.com
or Corporate Communications - Middle East
Nimisha Iyer, +91 22 4001 3404 fax: +91 22 2832 4713
niyer@frost.com
or Corporate Communications - Latin America
Jose Marea Jantus, +54-11-4777-9951 fax: +54-11-4777-0071
jose.jantus@frost.com
or Corporate Communications - China
Amelia Wong, +86 21 5407 5783, ext. 8669 cell: +86
13621724823 amelia.wong@frost.com
or Corporate Communications - Africa
Patrick Cairns, +27 18 468 2315 patrick.cairns@frost.com
http://www.frost.com
2 comments:
I found your website perfect for my needs. Thanks for sharing the great ideas. Whole article is too good and well written.
You may write about something special on high memory rfid chips. Looking forward to read more.
Post a Comment