Gartner Sees RFID As $3 Billion Business By 2010

The mark of the beast… Worldwide spending on the emerging wireless tracking technology is set to reach $504 million this year, up more than one-third from 2004, market researcher Gartner said Tuesday. Adoption will accelerate by 2007, with spending pegged to hit $3 billion by the end of the decade. RFID, or radio frequency identification, has been hailed for its promise as a superior way to keep tabs on merchandise in warehouses and retail outlets. Scanning of data-laden chips on pallets and products would help keep inventories in order and assure buyers that they're not paying money for counterfeit goods.

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