CYBRA Corporation released the findings of their latest customer survey on RFID trends, which revealed an upward movement in the adoption of RFID technology.
The company’s first RFID Survey was conducted in 2008, in which only 21% of companies stated that they use RFID technology. New statistics, however, reveal that a growing number of companies are increasingly investing in RFID technology and shortening their payback period.
According to the new survey, 54% of organizations are using, piloting, or already in the process of implementing RFID technology, up from 21% in the previous survey. The survet also revealed 81% of respondents expect to achieve their return on investment (ROI) in three years or less, up from 72% in the previous survey.
Other highlights from the new survey include of organizations that were either implementing RFID or evaluating the use of RFID, 74% indicate that they will do it not only for EPC compliance, but also to improve product track and trace capabilities.