PRZOOM - /newswire/ -
Singapore, Singapore, 2007/06/11 - Frost & Sullivan's Automation & Electronics Practice in Asia Pacific will host an exclusive live briefing on the RFID Supply Chain market in Asia Pacific on June 28, 2007 at 11:00 hrs (GMT +08:00hrs) Singapore time.
RFID supply chain deployments in Asia Pacific have been relatively slow as compared to Europe or the United States due to various factors. Among them have been high deployment costs and the inability to realize the ROI through such initiatives. As more proof of concept and pilot projects are being carried out, better awareness on this technology’s potential in the supply chain has been brought about. Furthermore, as the cost of this technology gradually reduces, more end-users will find it feasible to embark on an RFID initiative.
The growth of the RFID supply chain market is slowly gaining momentum. End-users are beginning to realize the potential benefits RFID technology can bring to a supply chain in terms of efficiency. We are beginning to see more large scale deployments in many parts of the Asia Pacific and this trend is expected to continue forward.
This briefing will provide an overview of the Asia Pacific RFID Supply Chain Market and an analysis of the industry challenges and drivers and a look at the potential market growth. Highlights of the briefing include an investigative comparison of the competitive structure, a market forecast and the future of RFID in the Asia Pacific supply chain market. We will also provide an update of related and upcoming research and provide an opportunity for a question and answer session with the analyst.
This briefing will benefit everyone tied to the RFID supply chain value chain; component manufacturers, distributors and companies willing to enter these markets. By giving a market overview of this region, these same companies will be able to understand the requirements and road blocks that this technology presents itself with.
Richard Sebastian, Research Analyst for the Automation & Electronics Practice of Frost & Sullivan Asia Pacific says that, "The revenue growth rate for the RFID supply chain market in Asia Pacific observed in 2006 was 7.9 percent. This is considered relatively low, and this figure was achieved primarily by contribution from projects that were carried out driven by compliancy to mandates." "The overall market in Asia Pacific will stabilize by 2010 and it will be possible to see a revenue growth rate of from 25.0 percent to 30.0 percent annually in 2010 onwards, where a compound annual growth rate (CAGR) of 21.0 percent is forecasted from 2006 to 2013. This is the time of realization by end-users that RFID is indeed the key enabler of an efficiently run supply chain."
Join us as Richard shares his insights on how RFID will revolutionize the supply chain market in Asia Pacific! Those interested in registering for the interactive live briefing should send an email to Corporate Communications -- Donna Jeremiah at djeremiah[.]frost.com with the following information: full name, company name, title, telephone number, email address, city, state and country. The registration details will be emailed to you upon receipt of the above information.
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