PUNE, India, October 19, 2016 /PR Newswire UK/ — Global RFID Market Worth USD 17 Billion by 2020.

RnRMarketResearch.com adds “Global and China RFID Industry Report, 2016-2020” and “Global RFID Transponder Industry 2016 Market Research Report” business intelligence studies to its online business intelligence library.

Radio Frequency Identification (RFID) is a non-contact, automatic identification technology that acts as the core technology for perception layer of the Internet of Things (IoT). It has a broad array of advantages including long-distance identification, batch identification, mobile identification, and data encryption, etc., and therefore finding wide application in industry, finance, logistics, warehousing, retailing, medical care, security, and other fields.

Source: Global RFID Market Worth USD 17 Billion by 2020 /PR Newswire UK/