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What is RFID Tag and How does it Work?
RFID stands for Radio Frequency Identification and is a popular communication protocol widely used for short-range communication in Internet of Things (IoT) and Machine to Machine (M2M) applications. Essential in asset tracking and real-time inventory management, RFID uses electromagnetic fields for seamless identification and tracking via RFID tags. This technology significantly enhances supply chain management, logistics, and retail operations. With integral components like RFID tags, RFID readers, and RFID software, it’s a transformative force in industries making RFID technology an important player in the global market. The RFID market is expected to grow up to USD 35.6 billion by 2030 at a compound annual growth rate of 11.9 %. The significance of RFID tag technology lies in its capability to reduce the costs of businesses and increase business efficiency. The major factors which drive the rapid usage of RFID in the global market are, These factors are widely sought in