China’s smart tag market is projected to grow around 33.2 percent per year, buoyed by government support and promotion, according to a report released Wednesday by Analysys International.The research company, based in Beijing, expects the Chinese market for RFID (radio frequency identification) technology will reach around 5 billion renminbi (US$620 million) by 2009. About 3.8 billion renminbi will be spent on RFID products, 684 million renminbi for tag readers and 567 million renminbi for software and services, it said.In 2004, China’s RFID market was more than 1.2 billion renminbi, according to Analysys International. Most RFID applications were in closed and proprietary application fields, with software and services accounting for only 7.1 percent of the market, the company said.The market has been slightly restricted by the technology’s high price and interoperability problems caused by inconsistent standards between vendors, according to the report. Large-scale deployment of RFID in retail environments is unlikely in the next five to 10 years, it said. As standards evolve and prices fall, RFID is expected to catch on, it said. The Chinese government has an ID program that uses RFID technology and also has another program underway to use smart tags in the livestock industry, the report said.The three central areas for smart tag development are Beijing, Shanghai and the Pearl River Delta, centered around the high-tech industry. By Jeremy Kirk – IDG News Service (London Bureau) Related content news Chinese state actors behind espionage attacks on Southeast Asian government The distinct groups of activities formed three different clusters, each attributed to a specific APT group. By Shweta Sharma Sep 25, 2023 4 mins Advanced Persistent Threats Advanced Persistent Threats Cyberattacks feature How to pick the best endpoint detection and response solution EDR software has emerged as one of the preeminent tools in the CISO’s arsenal. Here’s what to look for and what to avoid when choosing EDR software. By Linda Rosencrance Sep 25, 2023 10 mins Intrusion Detection Software Security Monitoring Software Data and Information Security feature Top cybersecurity M&A deals for 2023 Fears of recession, rising interest rates, mass tech layoffs, and conservative spending trends are likely to make dealmakers cautious, but an ever-increasing need to defend against bigger and faster attacks will likely keep M&A activity steady in By CSO Staff Sep 22, 2023 24 mins Mergers and Acquisitions Data and Information Security IT Leadership brandpost Unmasking ransomware threat clusters: Why it matters to defenders Similar patterns of behavior among ransomware treat groups can help security teams better understand and prepare for attacks By Joan Goodchild Sep 21, 2023 3 mins Cybercrime Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe