Smart tag use is expected to rise sharply in China

China’s smart tag market is projected to grow around 33.2 per cent per year, buoyed by government support and promotion, according to a report released Wednesday by Analysys International.

The research company, based in Beijing, expects the Chinese market for RFID (radio frequency identification) technology will reach around 5 billion renminbi (US$620 million) by 2009. About 3.8 billion renminbi will be spent on RFID products, 684 million renminbi for tag readers and 567 million renminbi for software and services, it said.

In 2004, China’s RFID market was more than 1.2 billion renminbi, according to Analysys International. Most RFID applications were in closed and proprietary application fields, with software and services accounting for only 7.1 per cent of the market, the company said.

The market has been slightly restricted by the technology’s high price and interoperability problems caused by inconsistent standards between vendors, according to the report. Large-scale deployment of RFID in retail environments is unlikely in the next five to 10 years, it said. As standards evolve and prices fall, RFID is expected to catch on, it said.

The Chinese government has an ID program that uses RFID technology and also has another program underway to use smart tags in the livestock industry, the report said.

The three central areas for smart tag development are Beijing, Shanghai and the Pearl River Delta, centred around the high-tech industry.

Would you recommend this article?

Share

Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.


Jim Love, Chief Content Officer, IT World Canada

Featured Download

Featured Articles

Empowering the hybrid workforce: how technology can build a better employee experience

Across the country, employees from organizations of all sizes expect flexibility...

What’s behind the best customer experience: How to make it real for your business

The best customer experience – the kind that builds businesses and...

Overcoming the obstacles to optimized operations

Network-driven optimization is a top priority for many Canadian business leaders...

Thriving amid Canada’s tech talent shortage

With today’s tight labour market, rising customer demands, fast-evolving cyber threats...

Staying protected and compliant in an evolving IT landscape

Canadian businesses have changed remarkably and quickly over the last few...

Related Tech News

Tech Jobs

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.

Tech Companies Hiring Right Now