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RFID Facts & Figures



Source: Computing Technology Industry Association (CompTIA).
For more information, visit www.comptia.org

Implementing RFID Ain't Cheap...
$13 to 23 million Cost for consumer products suppliers
that ship at least 50 million cases per year
$5 to $10 million for tags and readers
$3 to $5 million for system integration
$3 to $5 million for changes to existing supply chain applications
$2 to $3 million for storage and analytics of the large volumes of data

...But the Potential Payoff is There.

Although the investment required to implement RFID solutions is significant, the benefits of being an industry leader can directly impact the bottom line in a number of critical areas.

Source: Bruce Richardson, AMR Research; presented at SSA Global Conference, Philadelphia, PA, September 2004.

RFID: Coming to an Operation Near You Soon

RFID adoption rates are poised to take off during the next two years, as companies try to comply with mandates, reduce costs and better track goods from production through distribution.

...But Hurdles Remain

Of the companies currently piloting or implementing RFID, there are still significant issues that need to be addressed for RFID technology to fully deliver on the promise.

  • 60% worried about cost
  • 42% concerned about the lack of standards
  • 36% worried about market maturity/acceptance
  • 30% cite integration issues/problems
Source: Wavelink Corporation, FrontLine Solutions Magazine, Frontline Solutions Conference. For more information, visit wavelink.com or frontlinesolutions.com

RFID Tag Projections

During the next decade, the number of RFID tags will grow exponentially as the cost of implementing RFID solutions comes down significantly.

Tags 2005 2010 2015
Number 6,325,000 80 billion 1 trillion
Unit Price $0.233 $0.06 $0.01
Value $1.48 billion $4.8 billion $10 billion
Infrastructure
& services
$1.52 billion $5.2 billion $14 billion
Source: IDTechEx.
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