Worldwide RFID spending to reach $504 mln in 2005

Worldwide RFID spending is expected to total $504 mln in 2005, up 39% from 2004. RFID will begin to experience broader industry adoption with business value-focused implementations toward the end of 2006 when new license revenue totals $751 mln. By 2010, Gartner forecasts worldwide RFID spending to surpass $3 bln.