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.