Who Replace RFID?

Who Replace RFID? RFID — radio frequency identification, may have been ahead of its time in a flurry of high-profile pilot projects in the early 2000s, RFID became a useful tool in retail, logistics, healthcare and a handful of other enterprise sectors, the technology failed to grab the spotlight as expected. However, with higher accuracy rates, lower cost and the Internet of Things (IoT), RFID tags are fast prepping themselves for the second act by becoming an essential component of IoT implementation. According to a recent report by IDTechEx the total worth of RFID market is forecasted to rise up to $13.2 billion in 2020. Thanks to advances in sensors and data processing technology, some companies are again looking at tagging trucks, pallets, cases and items to track location and other data like temperature and impacts. There are various use cases where RFID could be the best option for low-cost inventory tracking. But the technology still faces headwinds from competing technologies