Report predicts $2.5 billion postal RFID market by 2018
28 July, 2008
category: RFID
A new report estimates that the global market for postal-related RFID systems will reach $2.5 billion in the next decade. The report, “RFID for Postal and Courier Services 2008-2018,” examines 40 case studies of RFID postal solutions worldwide, and offers insights into developments which should lead to major growth in this sector.
Item-level tagging is credited for much of the potential growth. If current efforts to introduce item-level tagging are extended to postal systems around the world, the result would be more than 1 trillion items tagged each year, making the postal sector second only to retail in the RFID market.
The report, available through researchandmarkets.com, looks at examples of RFID usage in a number of countries, from a Swedish system that uses RFID tags to detect parcels that have been tampered with, to a Korean trial that automates the entire postal system from acceptance of an item to its delivery.