The market for RFID transponders, readers, software and services will generate $70.5bn from 2012 to the end of 2017. The market was boosted by a growth of $900m in 2011 and the market is expected to grow 20 percent year over year per annum. Government, retail, and transportation and logistics have been identified as the most valuable sectors, accounting for 60 percent of accumulated revenue over the next five years.