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BusinessWorks Inc - A Dotcom in making

This blog is intended to stir your entrepreneurial spirit and get going with your own business. It tries to capture day-to-day issues related with a upcoming startup business. If you follow this blog long enough, it may take you from Concept to Wall Street. I invite you to submit your ideas and comments.

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Market Research - General

Monday, November 08, 2004
One of the most important things in business is ability to feel the market pulse and act accordingly in shortest possible time. I researched various sources and tried to gauge the projected growth in software and services market and here are my findings:

Growth200520062007
Software30%33%35%
Services19%23%27%


Percentage growth is substantial in both Software and Services sector of RFID, which is good news for our company. On the sidelines, RFID hardware is projected to grow by 48% each year, which itself is encouraging. With these statistics, I have covered overall growth of RFID. Next I will cover the sector pertaining to our area of concentration.
11/08/2004 10:56:00 PM :: ::
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