RegardingID Archive | Freedonia Group Predicts Growth of Smart Labels

Wednesday, December 24, 2003

“The report Smart Labels, published by Cleveland-based industrial market research firm The Freedonia Group, estimates that through the year 2007, the total U.S. market for smart labels will grow more than 23 percent annually, approaching 11 billion units and a value of $460 million. But through 2007, RFID will be by far the fastest-growing smart label market segment growing 180 percent annually from around 10 million RFID labels sold in 2002.”

Biometrics market to grow 21% by 2014

Market research firm RNCOS has released a report called “The Biometric Market Forecast to 2014,” which predicts double-digit growth for the sector by 2014.

As reported on AZOSensors.com, RNCOS believes the market will grow by a 21% compound annual growth rate from 2012 to 2014. Companies’ efforts to combat identity theft and enhance corporate security will drive this growth.

Report: NFC, QR codes will drive proximity marketing to $2.3 billion in 2016

New market research from Smiths Point Analytics projects that the global market for action oriented proximity based marketing services – i.e. NFC/QR-enabled ads – is expected to reach $2.3 billion by 2016.

ABI: Smart card, secure IC shipments increase

The market for smart cards and secure ICs achieved double-digit year-over-year growth for shipments in 2011, demonstrating increases of 16% and 15%, respectively, according to ABI Research

Report: 30 million NFC phones shipped in 2011

Global sales of NFC-enabled handsets increased ten-fold in 2011 to 30 million units, according to a new research report by Berg Insight.

Berg’s report predicts that the NFC handset market will continue to grow at a compound annual growth rate (CAGR) of 87.8%, boosting annual shipments to 700 million units in 2016.

New report predicts financial and civil obstacles for biometric ID card

A new report created by the Chief Justice Earl Warren Institute on Law & Social Policy at UC Berkeley School of Law predicts a price tag of at least $40 billion for a mandatory biometric employment verification card for all U.S. workers that would utilize either fingerprint or fingervein scans.

SICK's new readers and labels for automotive production

SICK Group, a producer of sensors and sensor solutions for industrial applications, announced a range of new RFID readers and labels designed for identification in the automotive industry.

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Freedonia Group Predicts Growth of Smart Labels