Retail RFID revenues reached $400 mln in 2004

Revenue in the RFID market for retail totaled $400 mln in 2004, and estimates put the technology at about $4.2 bln by 2011, according to Frost & Sullivan. The North American retail RFID market is close to 40% of the global RFID market. More than 70% of retailers in Europe, Middle East and Africa with revenues of $5 bln or more are involved in or are exploring RFID investments.