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Thursday, 15 October 2015
RFID Smart Cabinets Market Analysis-Size, Share, Growth, Trends and Forecasts To 2020: Grand View Research
The global RFID smart cabinets market revenue is expected to reach USD 784.6 million by 2020, growing at a CAGR of 11.5% from 2014 to 2020. Rising initiatives undertaken by healthcare institutions to curb costs via the adoption of an efficient inventory management solution is expected to be a key driver for RFID smart cabinet demand. The report also observes that government regulations aimed at efficient inventory management of medical supplies in healthcare institutions coupled with the current low market penetration rate of RFID technologies in these institutions is expected to fuel market demand over the next six years.
http://www.grandviewresearch.com/industry-analysis/rfid-industry
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