The data describes the projected size of the market for RFID tags from 2016 to 2020. In 2020, the global market for RFID tags is projected to be sized at around 24.5 billion USD.
Projected size of the global market for RFID tags
The abbreviation RFID stands for radio-frequency identification, a technology that can be classified as a sub-group of automatic identification and data capture (AIDC) technologies. The large-scale commercialization of machine-to-machine (M2M) communication has stirred a fourth industrial revolution lately, and RFID tags are vital to what was dubbed Industry 4.
