ABI Research has reduced its 2007 market forecast for RFID software and services revenue to $3.1bn, down 15% from the analyst house’s previous estimates.

Lawrence Holsworth, EMEA marketing manager from Printronix, the leading provider of UHF RFID printing solutions, said: "This lowering of revenue expectations is almost certainly down to a more realistic understanding of the market adoption of RFID technologies. What we are seeing here is that the development and evolution of the technology and the market has created greater consolidation and focus. Nonetheless, I believe forecasts for next year will almost certainly show significant growth." www.abiressearch.com