The RFID technology market is booming in Europe

16The RFID technology market is booming in Europe

The RFID technology market is booming in Europe and is expected to continue growing rapidly in the coming years. This is great news, as the UK is among the European countries with the highest market growth, along with Germany, France, Spain and Italy.

The European RFID market is expected to reach €25.8 billion in 2027, representing a compound annual growth (CAGR) of 11.7% from 2022*. This growth is driven by a number of factors. (Source: IDTechEx 2024)

  • The increasing adoption of RFID technology in a host of different sectors: industry logistics, retail, healthcare and transportation.
  • The development of new RFID applications and products: monitoring, product traceability, asset management, access control, time and attendance, identification.
  • New ecological materials that reduce production costs and make the technology even more accessible to a wider range of companies.

Be a part of the RFID revolution! Contact Databac and discover how we can help you implement a security solution that adapts to the specific needs of your business.