A new report from market research firm Gartner Inc. says worldwide spending on RFID hardware and software will continue to grow for at least the next two years and should total over $3 billion by 2010. According to their research, Gartner believes that businesses are looking to use RFID tags in a number of data collection applications specific to their own industry, ranging from retail environments to hospitals, as well as what is currently being leveraged in warehouses to keep track of inventory and shipping. In addition, Garnter says there will be a greater use of RFID in pharmaceutical manufacturing in order to combat diverting and counterfeiting.
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