The new figures, according to RFID Update, are attributed entirely to the economy. "There is still going to be growth. It is going to slow significantly, but there isn't going to be a contraction," said Drew Nathanson, VDC's director of research operations.
VDC Projects Sharp Drop In RFID Revenue This Year
VDC is now slashing its RFID projections for this year by a billion dollars, with growth rates "no more than 9.2 percent over 2008 levels."