
According to the research findings from Future Market Insights' report, titled "Smart Labels Market: Global Industry Analysis and Opportunity Assessment, 2016–2026," nearly 400,000 thousand units of smart labels sold globally by 2016 were accounted by Radio-Frequency Identification (RFID) technology, which amounted to an estimated US$ 2,493.9 million. Surging demand for RFID tags in the global retail industry have instrumented the boost in sales of smart labels, globally. Furthermore, the advantages of RFID smart labels in maintaining, tracking and updating stock & inventory databases is predicted to continue driving their demand around the globe in the coming years.