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| Topic : Design, test, prototyping, and piloting of RFID systems |
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IT Sales and Business Development |
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Source : http://www.businessweek.com
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last activity : 07 06 2010 20:18:04 +0000
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RFID offers tremendous potential for catalyzing India’s growth and development. With the semiconductor industry and mobile communication technology maturing, radio frequency identification (RFID) is expected to enter the market in a big way.
The RFID market scenario in India is currently at embryonic stage. In April 2005, the RFID Association of India was founded to promote the adoption and awareness of RFID technology, standards and applications across industry, government and academia in India. Industry analysts expect the RFID market will grow to $22 million by next year.
As RFID grows at a rapid pace across the world, Indian software firms are targeting the global market in retail, logistics and manufacturing. Major players like Wipro, Infosys and Patni Computers had already started research and development pilot projects to develop solutions for vehicle tracking, animal tracking, retail automation and the like.
The most promising vertical market for RFID in India will be the retail segment, which is projected to grow at 36 percent by 2008. Other promising verticals are pharmaceutical, logistics and security. These markets represent an emerging battlefield for IT firms and RFID tag and reader manufacturers.
While the benefits and risks of RFID tags have been much discussed, actual uptake in India remains low compared to other parts of the world, but now it will start gearing up because with the emergence of Foreign player who are using this facility for years will automatically there Indian counterparts to do so.
The RFID market scenario in India is currently at embryonic stage. In April 2005, the RFID Association of India was founded to promote the adoption and awareness of RFID technology, standards and applications across industry, government and academia in India. Industry analysts expect the RFID market will grow to $22 million by next year.
As RFID grows at a rapid pace across the world, Indian software firms are targeting the global market in retail, logistics and manufacturing. Major players like Wipro, Infosys and Patni Computers had already started research and development pilot projects to develop solutions for vehicle tracking, animal tracking, retail automation and the like.
The most promising vertical market for RFID in India will be the retail segment, which is projected to grow at 36 percent by 2008. Other promising verticals are pharmaceutical, logistics and security. These markets represent an emerging battlefield for IT firms and RFID tag and reader manufacturers.
While the benefits and risks of RFID tags have been much discussed, actual uptake in India remains low compared to other parts of the world, but now it will start gearing up because with the emergence of Foreign player who are using this facility for years will automatically there Indian counterparts to do so.
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3 comments on "India: Will RFID Tags Click?"
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Commented by
Anurag Mitra, Product Marketing Manager (Asia Pacific)
| 05 18 2008 10:21:27 +0000
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Ritu Chhibber, Management Executive
| 04 22 2008 23:31:52 +0000
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Ashutosh Bhatnagar, Team Lead, Wipro
| 02 14 2008 04:40:08 +0000
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