|By Business Wire||
|February 5, 2014 02:32 PM EST||
Research and Markets (http://www.researchandmarkets.com/research/c85c2z/india_rfid_market) has announced the addition of the "India RFID Market Forecast & Opportunities, 2018" report to their offering.
Radio Frequency Identification (RFID) technology has been developed as an alternative to Barcode technology for tracking products and humans which can scan items from a distance of up to 20 feet. RFID technology is capable to overcome all the shortcomings of barcode technology such as data inaccuracy, line of sight issues and excess time consumption. In addition, RFID readers can scan several items simultaneously which makes the process much faster. Mahindra and Mahindra is one of the first few companies to implement the usage of RFID in India. They are using RFID for warehousing, vendor tracking, and vehicle tracking. RFID technology has also forayed in the India dairy sector. Chitale, one of the prominent dairy producers in Pune has deployed the RFID chips in cattle for the collection of feeding data, breeding data and also to keep a record of the animals.
According to India RFID Market Forecast & Opportunities, 2018, the RFID market in India is forecasted to grow at the CAGR of around 25% during 2013-2018. In India, the usage of RFID technology is increasing prominently across various industries such as retail, healthcare, automotive, supply chain and public Transit which is opening up opportunities for the industry players. In India, the usage of RFID is quite high in retail industry and supply as it is widely used for keeping track of products.
- Alien Technology Corporation
- Bartronics India Private Limited
- Gemini Communication Limited
- GyaanTech LLC
- InfoTech Software and System Limited
- Mantra Softech India Private Limited
- Motorola Solutions Inc.
- NEC Corporation
- PVL Tag Factory (India) Private Limited
- Zebra Technologies Corporation
For more information visit http://www.researchandmarkets.com/research/c85c2z/india_rfid_market
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