As the adoption of RFID continues to gather momentum, hardware and software spending will accelerate in late 2006 and 2007, according to Gartner, Inc.
Worldwide RFID spending is expected to total $504 million in 2005, up 39 percent from 2004. RFID will experience broader industry adoption with business value-focused implementations toward the end of 2006 when new license revenue totals $751 million. By 2010, Gartner forecasts worldwide RFID spending to surpass $3 billion.