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Northeast Asia Radio-Frequency Identification Markets
Frost & Sullivan, May 2011, Pages: 172
This service titled Northeast Asia Radio-Frequency Identification Markets provides an analysis of the radio-frequency identification (RFID) market in Northeast Asia for tags, readers, and middleware and software, including the top five vertical segments. In this research, expert analysts thoroughly examine the revenue forecasts and analysis for the overall market, by radio-frequency identification type and by vertical in Japan and South Korea.
Market Overview:
Radio-Frequency Identification Continues to Add Value to Japan and South Korean Businesses in 2010
Radio-Frequency Identification’s Benefits of Real-time Visibility and Increased Operational Efficiency to Drive Growth in the Enterprise Markets
Technology transfer through strong R&D collaboration with government-owned institutes and private organizations has played a pivotal role in raising the standards of Radio-Frequency Identification in Northeast Asia. Most organizations set great store by the value that Radio-Frequency Identification brings to their business. Companies are aiming for higher operational efficiency in their processing, especially while controlling asset integrity and improving inventory visibility in the supply chain. Once they identify a way in which Radio-Frequency Identification can help them save costs, the management will have demonstrable return on investment (ROI) from the technology’s implementation.
Currently, insufficient short-term ROI has made potential users apprehensive about adopting this technology in their business process. As with every new technology, end users are also sceptical about the reliability of new implementations, especially since barcode is a tried and tested technology. Radio-Frequency Identification solution providers have to present a compelling picture of the technology’s effectiveness and business value as an enabling technology to customers.
Radio-Frequency Identification manufacturers could also market their products’ benefits and advantages over conventional technologies to attract customers. “For instance, Radio-Frequency Identification has outstanding read range, accuracy, and ability to withstand harsh environmental conditions,” says the analyst of this research. “Further, unlike barcodes, Radio-Frequency Identification does not require line of sight, has long read range, is rewritable, automated, and offers multiple reads simultaneously.”
With the rising popularity of ubiquitous technologies all over the world, including Northeast Asia, it is expected that customers will soon require little convincing to implement Radio-Frequency Identification. Ubiquitous technology is a trend that relies on the convergence of advanced electronic technologies utilizing the linkage of computing devices in an environment as well as wireless technologies and the Internet. “Radio-Frequency Identification, along with technologies such as wireless and sensor networks, is considered one of the important tools that support the ubiquitous technology environment,” notes the analyst. “The availability of this technology concept enables accurate and automatic capture of information in ‘smart’ environments such as smart homes and smart buildings.”
Market Sectors:
Expert analysts thoroughly examine the following market sectors in this research:
By Radio-Frequency Identification Type:
- Tags
- Readers
- Middleware and software
By Vertical Markets:
- Transportation
- Retail
- Industrial
- Education
- Healthcare
- Others
By Geographic Region:
- Japan
- South Korea
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