RFID Technology: Working and Common Applications
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The technological advancements in the past few years have up-scaled unimaginably, making the world an IoT hub and optimizing several businesses like retail, healthcare, manufacturing, and many others. RFID, or, radio frequency identification, is one such technological development to track products, animals, or any other lost object. From tracing objects and securing valuables to utilizing in medicines and cosmetics, RFID tags are enhancing various industries and storing multiple data simultaneously. Moreover, as per a report published by Research Dive, the global RFID market is expected to garner a revenue of $21,361.9 million in the 2020-2027 predicted forecast timeframe and grow at a stable CAGR of 9.9%.
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