Press release
Radio Frequency Identification (RFID) Smart Cabinets Market Share Analysis, Growth, Overview, Trends, Forecast To 2033
Radio Frequency Identification (RFID) Smart Cabinets Market Share
As per the report, the radio frequency identification (RFID) smart cabinets market size has grown rapidly in recent years. It will grow from $0.98 billion in 2023 to $1.08 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The radio frequency identification (RFID) smart cabinets market size is expected to see rapid growth in the next few years. It will grow to $1.62 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%.
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Impact of Healthcare Digitization On Radio Frequency Identification (RFID) Smart Cabinets Market
The increase in healthcare digitization is expected to propel the growth of the radio frequency identification (RFID) smart cabinet market going forward. Healthcare digitization refers to integrating digital technologies into healthcare systems and processes to improve efficiency, accuracy, and patient outcomes. The increase in healthcare digitization is due to the need for improved efficiency, accuracy, and patient outcomes. RFID smart cabinets contribute significantly to healthcare digitalization by improving efficiency, accuracy, security, and compliance within healthcare facilities. They help streamline operations, reduce costs, and ultimately enhance patient safety and care delivery. For instance, according to the National Center for Health Statistics, a US-based government agency for statistical information to improve public health, the use of telemedicine among physicians surged from 15.4% in 2020 to 86.5% in 2021. Therefore, the increase in healthcare digitization will drive the radio frequency identification (RFID) smart cabinet market.
Innovative Solutions In The RFID Smart Cabinets Market
Major companies operating in the radio frequency identification (RFID) smart cabinets market are developing intelligent cabinets to enhance inventory management and streamline operations in various industries, especially healthcare and retail. The intelligent cabinets utilize RFID, sensors, cloud computing, and IoT technologies to enhance convenience for consumers and provide real-time inventory management for store operators. For instance, in May 2022, Selfly Store, a Finland-based innovative retail solution provider, launched an intelligent cabinet series for automated, unmanned retail. The cabinets are designed for deployment in various locations such as workplaces, hotels, hospitals, and sports centers, allowing 24/7 unmanned service. Selfly Store employs advanced RFID, sensors, cloud computing, and IoT technologies in its intelligent cabinets to improve convenience for consumers. Selfly Store's RFID technology also enables real-time monitoring of inventory and expiry dates, providing store managers with accurate, up-to-date information.
The radio frequency identification (RFID) smart cabinets market covered in this report is segmented -
1) By Component: Radio-frequency Identification (RFID) Tags, Radio-frequency Identification (RFID) Readers, Radio-frequency Identification (RFID) Antenna, Other Components
2) By Type Of Radio Frequency Identification (RFID) Technology: Passive Radio-Frequency Identification (RFID), Active Radio-Frequency Identification (RFID), Semi-Passive Radio-frequency Identification (RFID)
3) By Deployment: On-Premises, Cloud
4) By End-User Industry: Healthcare, Retail, Industrial Manufacturing, Automotive, Aerospace and Defense, Hospitality And Entertainment
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Major companies operating in the radio frequency identification (RFID) smart cabinets market are Nexess, CAEN RFID S.r.l., Pensa Systems, Bioconnect Inc., Turck Vilant Systems, Mobile Aspects, LogiTag Systems, Logiquip L.L.C., Terso Solutions Inc., Censis Technologies Inc., Alien Technology LLC, TAGSYS RFID, Skytron LLC, Invengo Technology Pte. Ltd., Palex Medical S.A., Impinj Inc., Smartrac N.V., SATO Holdings Corporation, Grifols S.A., Avery Dennison Corporation, Cardinal Health Inc., Identi Medical, GAO Group Inc., American RFID Solutions LLC, Solstice Medical
Contents of the report:
1. Executive Summary
2. Radio Frequency Identification (RFID) Smart Cabinets Market Report Structure
3. Radio Frequency Identification (RFID) Smart Cabinets Market Trends And Strategies
4. Radio Frequency Identification (RFID) Smart Cabinets Market - Macro Economic Scenario
5. Radio Frequency Identification (RFID) Smart Cabinets Market Size And Growth
…..
27. Radio Frequency Identification (RFID) Smart Cabinets Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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