RFID budgets to grow in 2010, says ABI Research end user survey
RFID budgets in 2010 will increase for about half of those surveyed and remain steady for 40%, said ABI Research.
RFID budgets will increase for about half of those surveyed and remain the same for about 40%, according to an annual ABI Research survey of companies currently using, deploying, or piloting / evaluating RFID. For this year's survey results, announced Dec. 14, more than 115 qualified organizations globally responded to ABI Research's annual RFID end-user survey. Among respondents currently using, deploying, evaluating, or piloting RFID, 49% report that they expect their RFID budgets to increase in 2010; only about 11% intend to cut their RFID budgets.
"ABI Research considers this a welcome result in these difficult economic conditions," says practice director Michael Liard. "Moreover, 100% of those organizations with rollouts currently in progress intend to increase their RFID budgets next year."
As in past years, the overwhelming majority of respondents rated "business process improvement" as the number one driver for their adoption of RFID. The second-most important driver was considered to be the need to reduce non-labor costs, ABI Research said.
ROI timeframe is also a critical consideration for most companies considering RFID deployment, and comparing the ROI assumptions reported in 2009 with those from 2008, the survey found that considerably more companies (48% as opposed to 37% in 2008) expect their investment to be recouped within 12 months. "Shorter ROI timeframe expectations are yet another sign of users' growing confidence in the RFID business case," said Liard.
ABI Research's "Annual RFID End User Survey Top Line Results" report includes more than 200 tables and charts, with analysis of respondents' RFID usage plans, primary adoption drivers, specific applications, supported operating frequencies, current and anticipated transponder and reader volumes, the firm said, along with RFID expenditures and budget direction, vendor sources and selection criteria, and demographics. Non-user responses also are analyzed to provide reasons for not adopting RFID.
Also read from MBT, more about how RFID can improve operations:
- Fielding quality: Argenti Lemon S.A. tracks product port-to-port using RFID-enabled devices ;
- Tight as a drum: RFID-enabled e-pedigree simplifies product tracking, traceability ; and
- Wireless technology enables chemical plant's‘Project Zero' .
- Mark T. Hoske, online product editor, Manufacturing Business Technology , MBT www.mbtmag.com
- Events & Awards
- Magazine Archives
- Oil & Gas Engineering
- Salary Survey
- Digital Reports
- Survey Prize Winners
Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey