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The Rise of Item-Level RFID: Gartner Hype Cycle for Retail Technologies 2023

We believe the Gartner® Hype Cycle™ for Retail Technologies, 2023 finds that Item-Level RFID in the Store is approaching the Slope of Enlightenment, where expectations of the technology begin to rise as it shows its value and use case within the retail industry.

With approximately 5-20% market penetration,  Gartner notes for Item-level RFID that, “Item-level RFID solutions can enable better business outcomes in the retail store through inventory accuracy, cycle counts, efficient store fulfillment of online orders, faster replenishment, improved fraud and loss prevention, and increased customer engagement.” SML’s item-level RFID solutions enable retailers and brand owners, to achieve the industry benchmark returns on investment (ROI) based on increased sales, reduced inventory loss and improved labor efficiency.

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Gartner, Hype Cycle for Retail Technologies, 2023, Max Panther Hammond, 21 July 2023

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