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Physical security to fuel growth in RFID market

Public sector could drive demand for RFID tags for access control, public transit, shipping security applications

CAMBRIDGE, England—The global RFID market will be worth $23.4 billion in 2020, up from $6.98 billion in 2012, with physical security applications like access control playing a major role in the surge, according to a report from IDTechEx, a technology market research company based here.