Global RFID Smart Cabinet Market Will Grow At A CAGR Of 14.03% During The Forecast Period 2016 – 2020`

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RFID technologies are gaining high attention from multiple sectors, especially healthcare, where hospitals have started adopting innovative technologies to address critical business needs. Smart cabinets based on RFID technology help reduce manual efforts to maintain, track, and manage inventory. They also help reduce loss and misplacement of supplies, minimize the risk of theft, and increase savings. Retailers, healthcare institutions, and discrete manufacturers are the prime users of RFID smart cabinets as the need for inventory management is critical to these businesses.

Technavios analysts forecast the global radio-frequency identification (RFID) smart cabinet market to grow at a CAGR of 14.03% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global radio-frequency identification (RFID) smart cabinet market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of RFID smart cabinets.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio’s report, Global Radio-Frequency Identification (RFID) Smart Cabinet Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
LogiTag Systems
Mobile Aspects
TAGSYS RFID
Skytron
SkyeTek
SATO Vicinity
SATO Vicinity
WaveMark

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Other prominent vendors

Solstice Medical
Terso Solutions

Market driver
Supply chain inefficiencies
For a full, detailed list, view our report

Market challenge
Low market penetration
For a full, detailed list, view our report

Market trend
Increasing government regulations and aid
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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