Fast Market Research announces the availability of the new TechNavio report, "Global RFID Smart Cabinet Market 2016-2020", on their comprehensive research portal

Boston, MA -- (SBWire) -- 11/04/2016 --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.

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

Get More Details on this Report and a Full Table of Contents at Global RFID Smart Cabinet Market 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

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?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: LogiTag Systems, Mobile Aspects, TAGSYS RFID, Skytron, SkyeTek, SATO Vicinity, SATO Vicinity, WaveMark, Solstice Medical, Terso Solutions

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