Tyco Retail Solutions has opened an office in Tokyo to support the accelerating demand for RFID and store performance solutions in Japan.
More Japan-based multinational retailers are expanding in other Asian markets, and these retailers are seeking upgrades to their technology. Retail sales in Asia are expected to reach $10 trillion in U.S. dollars by 2018, so Tyco is looking to get in on the action early.
In addition, with Frost & Sullivan predicting that yearly RFID revenue will reach as high as $5.4 billion in 2020, and Gartner forecasting 25 billion Internet-connected things by that time, Tyco appears set to take advantage of two technology markets that are still gaining plenty of traction in retail stores.
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“The Tokyo site represents our continued investment in IoT technologies such as RFID, which helps deliver meaningful, tangible business benefits for our customers,” said Nancy Chisholm, President of Tyco Retail Solutions. “Our expansion in the region allows us to keep pace with their needs and deliver the quality solutions, products and services they have come to expect over the years.”
