Deep Dive 21 minutes PremiumRFID: Has Its Time Finally Come for Retail? Coresight Research March 15, 2016 Executive Summary Radio-frequency identification (RFID) is a 70-year-old technology that many retailers previously avoided due to concerns about cost and other factors. The global RFID market—for tags, interrogators, systems, services, networking and software—is estimated to hit approximately $13.9 billion this year and to grow at a 17.0% CAGR through 2018, according to IDTechEx. We think that trends such as accelerated shipping and omni-channel operations are finally encouraging retailers to overcome their concerns about RFID, and we have seen a significant amount of RFID activity in the retail industry over the past five years. RFID can also serve as an enabling technology for the Internet of Things (IoT), which bodes well for the technology, as an estimated 50 billion devices will be connected by 2020. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Earnings Insights 2Q24, Week 4: Alibaba, JD.com and Walmart Report Positive Sales GrowthUS Retail and Consumer Outlook, August 2023US CPG Sales Tracker: CPG E-Commerce Registers Highest Growth Rate Since August 2022US CPG Sales Tracker: Health & Beauty Category Helps Sustain Mid-Teens Online CPG Growth