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20% of Surveyed Decision-Makers Spent More than $1 Million on RFID in 2010
New York, New York - 07 Apr 2011
The most recent edition of ABI Research’s annual survey of RFID end-users has found that about one fifth of responding organizations spent more than $1 million each on RFID in 2010.
However the great majority of respondents – nearly 75% -- spent less than $500,000 on RFID, while a few “big spenders” currently using, deploying or piloting RFID paid out more than $10 million each.
Taken together, says research director Michael Liard, “These numbers provide strong evidence that the RFID market is growing at a healthy pace.”
Expectations for RFID budgets through 2011 are also encouraging, says Liard: “The positive news is that the majority of respondents are concentrated in the “increase” category. Even better is that only 4% of all respondents reported no budget planned for RFID in 2011.”
Specifically, 54% of the 128 organizations polled expect to increase their RFID spending, while only 11% foresee a decrease in expenditure. The “increase spending” percentage rises to 62% among respondents who are at the pilot program stage; even within the group least likely to grow their budgets – those which have completed RFID deployment – some 46% expect to spend more in 2011 than they did in 2010.
These findings are just a few of many indicators that RFID adoption is increasing on both an aggregate level and within all vertical markets. Through more than 175 tables and charts and with the largest number of respondents to date, this latest annual RFID end-user survey report confirms that RFID is very much in a high growth stage.
ABI Research’s “Annual RFID End-user Survey Top Line Results: Enterprise Organizations Share Their RFID Adoption and Usage Plans” provides the high-level, top-line results from the firm’s annual survey of key influencers at organizations that use RFID technology, those that plan to install, those that have evaluated, and those not using RFID technology. It includes analysis of respondents’ RFID usage plans, primary adoption drivers, specific applications, supported operating frequencies, 2010 RFID expenditures and 2011 budget direction, transponder selection criteria, vendor sources and vendor selection criteria, and demographics.
This study forms part of the firm’s RFID Research Service.
ABI Research provides in-depth analysis and quantitative forecasting of trends in global connectivity and other emerging technologies. From offices in North America, Europe and Asia, ABI Research’s worldwide team of experts advises thousands of decision makers through 30+ research and advisory services. Est. 1990. For more information visit www.abiresearch.com, or call +1.516.624.2500.