Watch a video interview about Asia Pacific’s #RFID industry
Research firm Frost & Sullivan recently issued a report estimating Asia Pacific #RFID market revenues could surpass US$2billion by 2016. Today, wider implementation of RFID is found in many e-government services such as national identity cards, travel documents, driver’s licence, among others. In Singapore, host country to recently concluded RFID World Asia 2011 exhibition and conference, GS1 Singapore sized up the local RFID market to up to S$20 million a year made up of sales of RFID tags, readers and software integrators.
According to Mr. Wong Tack Wai, Executive Director, GS1 Singapore, RFID is certainly rising, with the average size of an RFID implementation project doubling from S$300,000 in 2009 to S$600,000 this year. Aside from Singapore’s 20 public libraries, which remain to be among the largest RFID implementations in the world, private sectors such as laundry and construction are also driving adoption of RFID in the local business scene.
Watch the video interview now!
Produced by EASTWEST Public Relations, the appointed PR agency for Cards Asia 2011 and its co-located events