"January 03, 2006. Volume 6, Number 01"
In a new report, RFID Enables Sensory Network Strategies to Transform Industries, Gartner analysts argue that managers should stop thinking of RFID tags as a replacement for bar codes, but rather the two technologies should be seen as co-existing. In other words, the right data collection technology should be matched to the right situation.
"Just because bar codes are used extensively in distribution centers does not mean RFID will be," said Jeff Woods of Gartner. "Businesses are beginning to discover business value in places where they cannot use bar coding, which will be the force that moves RFID forward."
As a result, Gartner projects that worldwide RFID spending will reach US$504 million in 2005, up 39% from 2004. By 2010, the firm forecasts that spending will surpass US$3 billion. For more information on related issues, read eMarketer's Telecom Spending and Trends report.