RFID investments

Filed in archive Venture Capital on January 9, 2004

IDC is forecasting strong development of RFID related sales:

"2004 will be a crucial year for radio frequency identification (RFID) as mandates from Wal-Mart and the Department of defense (DoD) bring RFID closer to the real world. With manufacturers and distributors scrambling to meet the requirements of these mandates, IDC expects RFID spending for the U.S. retail supply chain to grow from $91.5 million in 2003 to nearly $1.3 billion in 2008. Once these initial deployments are complete, however, RFID spending will level off as the industry prepares itself for the next wave of RFID -- item-level tagging."