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In its recent study, “RFID Forecasts, Players & Opportunities 2006-2016,” IDTechEx estimated that 1.3 billion RFID tags will be sold this year alone. It is also anticipated that the value of the total market, including systems and services, will jump from $2.71 billion to $26.23 billion by 2016. “People are beginning to see the benefits of RFID, and are becoming less concerned about the uncertainties of this expanding technology,” said David Grove, technical sales, Schober USA, Cincinnati.
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