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Frost & Sullivan: Convergence of RFID Technology to Shape Japanese and South Korean RFID Markets

Tags Emerge as Biggest Revenue Contributor in 2010, Accounting for up to 60 Percent of the RFID Markets in Japan and South Korea

 
PRLog - Aug. 9, 2011 - Kuala Lumpur, Malaysia – 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 (RFID) in Northeast Asia. Most organizations set great store by the value that RFID brings to their business.

New analysis from Frost & Sullivan, Northeast Asia RFID Markets, finds that the Japanese and South Korean RFID markets are set to experience growth rates ranging from 15 to 20 percent through 2017. The convergence of RFID with other technologies is expected to be one of the key trends driving the growth of the market in the future.

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 RFID 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 skeptical about the reliability of new implementations, especially since barcode is a tried and tested technology. RFID solution providers have to present a compelling picture of the technology’s effectiveness and business value as an enabling technology to customers.

RFID manufacturers could also market their products’ benefits and advantages over conventional technologies to attract customers.

“For instance, RFID has outstanding read range, accuracy, and ability to withstand harsh environmental conditions,” says Frost & Sullivan Research Analyst Susan Sahayan. “Further, unlike barcodes, RFID 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 RFID. 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.

“RFID, along with technologies such as wireless and sensor networks, is considered one of the important tools that support the ubiquitous technology environment,” notes Sahayan. “The availability of this technology concept enables accurate and automatic capture of information in ‘smart’ environments such as smart homes and smart buildings.”

If you are interested in more information on this study, please send an e-mail to Donna Jeremiah, Corporate Communications, at djeremiah@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country.

Northeast Asia RFID Markets is part of the Automatic Identification & Security Growth Partnership Services program, which also includes research in the following markets: Asia Pacific RFID Markets, Global Electronic Access Control Systems Market, and Global RFID Market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.

Northeast Asia RFID Markets
P51A

Contact:
Donna Jeremiah
Corporate Communications – Asia Pacific
P: +603 6204 5832
F: +603 6201 7402
E: djeremiah@frost.com

Carrie Low
Corporate Communications – Asia Pacific
P: +603 6204 5910
F: +603 6201 7402
E: carrie.low@frost.com

Miok Lee
Corporate Communications – Korea
P: +822 6710 2033
F: +822 6710 2099
E: miok.lee@frost.com

http://www.frost.com

# # #

Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The company's research and consulting services empower clients to generate, evaluate, and implement effective growth strategies.

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Contact Email:
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Source:Frost & Sullivan
Country:United States
Industry:Electronics, Security, Technology
Tags:japan, south korea, RFID, electronics, security, Technology, smart environment, supply chain, save cost, roi
Shortcut:prlog.org/11618776
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