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Physical security to fuel growth in RFID market

November 12, 2013Leif Kothe

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.Raghu Das, CEO of IDTechEx, estimates that access control cards comprise about 80 percent of RFID applications in the security and financial verticals. “[Access control] is already a very substantial business,...

Cubic, IDTechEx, Physical Security, Raghu Das, RFID