Radio Frequency Identification Technology for Logistics, Tagging and EPC

Malaysian RFID Market Booming

Thursday, August 3, 2006

Admit it.

You’re a little curious about RFID spending in other places.

So tune into this – RFID Spending spending in Malaysia is estimated to grow at a compound annual growth rate (CAGR) of 45.84% to almost US$20.94 million (RM77 million) in 2010 from US$2.45 million (RM9 million) in 2005, says Malaysian online news hub The Edge Daily, citing a report put out by market research firm IDC.

IDC credits this boom to early adopters getting smarter about the technology, among other things. [end] 

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