A whopping 63% of city drivers would like to use E-ZPass to pay for meals, gas and parking, a new survey says.
In conjunction with research firm SmartRevenue, Ertnst & Young reports that 77% of US consumers have heard of radio frequency identification (RFID) and 42% have a favorable perception of the technology. Consumers do have their concerns about RFID, however, especially in regard to its impact on prices, as 41% believe the incorporation of RFID technology will raise the cost of goods.
IDC forecasts that RFID expenditures will reach nearly US$1.3 billion in 2008 from the current level of $91.5 million, as manufacturers, suppliers and distributors scramble to meet the Wal-Mart and DOD mandates.
Radio frequency identification (RFID) will also see slower growth than previously expected, IDC says. The firm says while there will be a lot of vendor investment in RFID technologies, that effort will be mismatched with customer spending. IDC says the technology could potentially in the long term revolutionize retail technology, but concerns over tag reliability, signal interference and a lack of standards will hinder big growth in 2004. For example, IDC says Wal-Mart, a leader in RFID adoption, plans to have only 4% of RFID readers in its distribution and retails centers by January 2005. Others in the retail market will follow that lead.