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Analysys International Predicts China's RFID Market Will Exceed 5 Billion RMB by 200929 October 2005
Analysys International, China's ;leading Internet based provider of business information about technology, ;media and the telecom industry, predicts that China's RFID market will grow to ;exceed 5 billion RMB, with a complex annual growth rate of 33.2% in its ;recently released Consumer Electronics -- Focus Report on China's RFID Market ;2005. Analysys International points out that the development of China's RFID ;market subjects to many factors, among which price, performance, protocol, ;policy, pioneer and privacy (6P) will be key factors to determine the ;penetration and coverage of RFID applications in China. RFID has provided many industries, especially the manufacturing of ;technical ensurance for improving efficiency, reducing cost and preventing ;forgery with its features like real-time data, easy reading and high security. ;As China comes to play a role of manufacturing center in the global value ;chain as well as having shown huge demand, applications of RFID in China have ;attracted attention worldwide. More and more industries and enterprises begin ;to pay attention to RFID technology in hopes of catching up with ;industrialized development of this technology and eventually cutting into the ;market and grabbing the first barrel of gold of RFID. ;According to Analysys International's study, the fields of RFID applications ;in China 2005 showed that government support and promotion is the prime factor ;for rapid development of the RFID market in China. The Chinese government's ;program of second-generation ID card which implements RFID technology has ;accelerated the development speed in China. (Chart: http://english.analysys.com.cn/news.php?id=114 ) ''China's RFID market will grow rapidly after having experienced the phase ;of gradual development in the new century; as various related factors ;continuously evolve, RFID will undergo different development phases later ;on,'' says Chen Haiying, an analyst of Analysys International, ''Price, ;performance, protocol, policy, pioneer and privacy (6P) will be key factors to ;determine the penetration and coverage of RFID applications in China.'' Analysys International also provides practical strategies for players to ;find the cutting point to enter the market in China based on its thorough ;analysis on the market. Additional information is available in Analysys ;International's report: Consumer Electronics -- Focus Report on China's RFID ;Market 2005 and IT Products and Services -- Focus Report on China RFID Market ;Investment Opportunity 2005 available in Analysys International's website: ;http://english.analysys.com.cn . ; About Analysys International Analysys International is the leading Internet based provider of business ;information about technology, media and the telecom industry in China with the ;mission to help their clients make better business decisions. They provide ;data, information and advice to 10,000 clients worldwide, representing 1,500 ;distinct organizations, deliver over 150 consulting engagements a year, and ;hold more than 20 events that draw in over 8,000 attendees. Their clients ;include executives from companies like technology vendors, vertical ;information technology users, as well as professionals from professional ;service companies, the investment community and government agencies. For more ;information, please visit the web site at http://english.analysys.com.cn . ; For more information, please contact: ; Cindy Zhang, Overseas Media Manager Tel: +86-10-6466-6565 X219 Email: cindy_zhang@analysys.com.cn Web: http://english.analysys.com.cn ; ; ;
Source: PR Newswire
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