Wednesday, February 14, 2007

Latest updates on RFID applications in Malaysia

Source: TheStar InTech (17 October 2006)

Some facts on latest development RFID in Malaysia:
  • Local commercial spending on RFID is estimated to grow from RM9.06mil in 2005 to RM77.48mil in 2010 at a compound annual growth rate of 45.84%
  • Key applications of RFID in Malaysia include manufacturing, document management tracking, transportation, security and access control.
  • Document management tracking using RFID would account for 35%, or RM 27.12mil, of the total market in 2010.
  • Strong demand for RFID document management tracking solutions from the financial, legal and public sectors, which require documents to be kept for many years.

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