[May 10, 2012]

Research and Markets: Global RFID Market 2011-2015 - The Global RFID Market to Grow At A CAGR Of 19.4 Percent over the Period 2011-2015

Research and Markets (http://www.researchandmarkets.com/research/l3pm3s/global_rfid_market) has announced the addition of the "Global RFID Market 2011-2015" report to their offering.

One of the key factors contributing to this market growth is the mandates for using RFID in the retail segment. The Global RFID market has also been witnessing increasing applications in baggage safety systems in airports. However, security and privacy concerns could pose a challenge to the growth of this market.

Key vendors dominating this market space include Alien Technology Corp., Impinj Inc., Intermec (News - Alert) Inc., and NXP Semiconducor Inc.

TechNavio today launched its report Global RFID Market 2011-2015 based on an in-depth study covering the Americas, and the EMEA and the APAC regions. The report aims to aid decision makers' understanding of the significant trends impacting this market.

Commenting on the report, an analyst from TechNavio's Hardware team said; The growing application of radio frequency identification (RFID) in the Healthcare segment is one of the major growth drivers of this market. It is expected that RFID technology in the Healthcare segment will grow in the future, which will further contribute to the growth of the Global RFID market. In the Healthcare segment, RFID technology along with Wi-Fi and voice over IP (VoIP) has been developed as a single information system to improve patient safety. Hence, RFID applications in the Healthcare segment are expected to drive the Global RFID market.

According to the report, RFID tags are highly accurate and labor time and cost can thus be greatly reduced. Therefore, the mandate made by big retail giants that RFID tags be used on pallets is leading to the increasing use of RFID, which will boost the growth of the Global RFID market.

Further, the report also discusses that the security and privacy concerns of individuals related to the use of RFID are major challenges affecting the growth of the Global RFID market.

For more information visit http://www.researchandmarkets.com/research/l3pm3s/global_rfid_market

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