RFID Market Skyrocketing In Asia, Australia

The market for radio frequency identification (RFID) technology in Southeast Asia and Australia-New Zealand earned revenue of over $80 million in 2008 -- a number that is expected to skyrocket to over $250 million by 2016, according to research firm Frost & Sullivan. RFID is living up to its reputation as a "breakthrough technology," the firm said, as several initiatives are starting across a number of different vertical industries in those regions.