Press release
Global Radio Frequency Identification (RFID) Smart Cabinets Market Projected to Grow at 9.9% CAGR, Reaching $9.88 Billion by 2029
Radio Frequency Identification (RFID) Smart Cabinets
What Is the Expected CAGR for the Radio Frequency Identification (RFID) Smart Cabinets Market Through 2025?
The market size for RFID (Radio Frequency Identification) smart cabinets has seen a significant increase in recent years, expanding from $1.08 billion in 2024 to an estimated $1.2 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 10.6%. This considerable growth during the historical period can be traced back to factors such as heightened requirement for inventory control, development in the healare sector, escalating regulatory stipulations for medication management, a rise in chronic illnesses warranting efficient drug monitoring, a surge in demand for real-time data tracking, heightened efforts toward minimizing theft and loss, and broader application across various sectors.
What's the Projected Size of the Global Radio Frequency Identification (RFID) Smart Cabinets Market by 2029?
The market size of radio frequency identification (RFID) smart cabinets is anticipated to witness robust growth in the foroming years. The market is projected to reach $1.75 billion by 2029, with a compound annual growth rate (CAGR) of 9.9%. The escalation in the forecast period can be attributed to the rising needs for real-time asset tracking, increasing demand for proficient supply chain management, escalating investment in healare infrastructure, upsurging use in logistics, growing demand for improved security and traceability, and the burgeoning e-commerce sector. Significant trends during the forecast period encompass advancements in RFID technology, amplified automation, improvement in inventory management solutions, increasing adoption of the internet of things (IoT) in medical devices, progress in healare inventory management, and advancements in data collection and analysis.
View the full report here:
https://www.thebusinessresearchcompany.com/report/radio-frequency-identification-rfid-smart-cabinets-global-market-report
Top Growth Drivers in the Radio Frequency Identification (RFID) Smart Cabinets Industry: What's Accelerating the Market?
The surge in digitization within healare is set to stimulate the expansion of the radio frequency identification (RFID) smart cabinet market. Healare digitization embodies the incorporation of digital innovations into healare infrastructures and procedures to enhance efficacy, precision, and patient results. The rise in healare digitization stems from the demand for enhanced efficacy, precision, and patient results. RFID smart cabinets play a vital role in driving healare digitization by increasing efficiency, precision, security, and adherence within healare institutions. They aid in simplifying operations, cutting expenses, and ultimately improving patient safety and the delivery of care. For example, according to Rock Health, a U.S. firm, our 2022 survey revealed that 80% of participants attested that they had utilized telemedicine at some phase in their life, a climb of 8 percentage points from 72% in 2021. Hence, the surge in healare digitization is anticipated to fuel growth in the radio frequency identification (RFID) smart cabinet market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16523&type=smp
What Trends Will Shape the Radio Frequency Identification (RFID) Smart Cabinets Market Through 2029 and Beyond?
Leading corporations in the RFID smart cabinets market are innovating intelligent cabinets to improve inventory control and optimize processes in different sectors, primarily healare and retail. These cabinets, which use RFID, sensors, cloud computing, and IoT technologies, boost consumer convenience and enable real-time inventory management for those in charge of stores. For example, Selfly Store, an innovative retail solutions company from Finland, introduced a series of intelligent cabinets for automated, staff-less retail in May 2022. These cabinets are engineered for installation in various settings such as workplaces, hotels, hospitals, and sports facilities, providing round-the-clock unattended service. Selfly Store leverages cutting-edge RFID, sensors, cloud computing, and IoT technologies in its intelligent cabinets to heighten user convenience. Additionally, its RFID technology facilitates real-time tracking of stock levels and expiration dates, providing store administrators with precise, current data.
What Are the Main Segments in the Radio Frequency Identification (RFID) Smart Cabinets Market?
The radio frequency identification (rfid) smart cabinetsmarket 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: Healare, Retail, Industrial Manufacturing, Automotive, Aerospace and Defense, Hospitality And Entertainment
Subsegments:
1) By Radio-Frequency Identification (RFID) Tags: Passive RFID Tags, Active RFID Tags
2) By Radio-Frequency Identification (RFID) Readers: Fixed Readers, Handheld Readers
3) By Radio-Frequency Identification (RFID) Antenna: Near-Field Antennas, Far-Field Antennas
4) By Other Components: RFID Software, Enclosures Or Cabinets, Power Supply Components
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=16523&type=smp
Which Top Companies are Driving Growth in the Radio Frequency Identification (RFID) Smart Cabinets Market?
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
Which Regions Will Dominate the Radio Frequency Identification (RFID) Smart Cabinets Market Through 2029?
North America was the largest region in the radio frequency identification (RFID) smart cabinets market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the radio frequency identification (RFID) smart cabinets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16523
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Speak With Our Expert:
Saumya Sahay
Europe - +44 7882 955267,
Asia: +91 88972 63534,
Americas - +1 310-496-7795 or
Email:saumyas@tbrc.info
Follow Us On:
• LinkedIn: https://in.linkedin.com/company/the-business-research-company
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Radio Frequency Identification (RFID) Smart Cabinets Market Projected to Grow at 9.9% CAGR, Reaching $9.88 Billion by 2029 here
News-ID: 4243790 • Views: …
More Releases from The Business Research Company
What Is The Leading Driver Behind Growing Demand For Data Storage Market Expansi …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts._x000D_
_x000D_
What Is the Expected CAGR for the Database, Storage & Backup Software Publishing Market Through 2025?_x000D_
The market size of database, storage & backup software publishing has witnessed a substantial rise over the last few years. It is projected to rise from $283.41 billion in 2024 to $308.32 billion…
Steady Expansion Forecast for Smart Waste Management Market, Projected to Reach …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Smart Waste Management Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for intelligent waste management has witnessed a swift expansion in the last few years. It is expected to jump from $2.58 billion in 2024 to $2.94 billion in 2025, equating to…
Impact Of Rising Cloud Computing Services On The Growth Of The Virtual Extensibl …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Virtual Extensible Local-Area Network (VXLAN) Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for the virtual extensible local-area network (vxlan) has seen a substantial increase in recent times. A rise from $1.81 billion in 2024 to $2.13 billion in 2025 is estimated,…
E-Commerce Expansion Fuels Growth In The Autonomous Delivery Robots Market : Tra …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Autonomous Delivery Robots Market Size Growth Forecast: What to Expect by 2025?
There has been substantial growth in the market size of autonomous delivery robots in the recent past. The market, which weighs in at $1.85 billion in 2024, is expected to expand to $2.51 billion in 2025, registering…
More Releases for RFID
RFID Tags For Asset Tracking Market Exceptional Business Performance | Vizinex R …
As the global economy recovers in 2021 and the supply of the industrial chain improves, the RFID Tags For Asset Tracking market will undergo major changes. The latest research shows that the RFID Tags For Asset Tracking industry market size will be million US dollars in 2021, and will grow to million US dollars in 2028, with an average annual growth rate of %.
The global RFID Tags For Asset Tracking…
RFID Readers Market Growth by 2027 | Fixed RFID Readers, Integrated RFID Readers …
Future Market Insights (FMI) has published a new research report titled “Radio Frequency Identification (RFID) Readers Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027).” The report states that the growing penetration of advanced technology along with increasing supply chain complexities are encouraging consumers to adopt RFID technology. Owing to this, players operating in the RFID readers market are incessantly upgrading their product portfolios in order to meet the demands…
Global RFID Tag Chips Market by Type, HF RFID Chip, UHF RFID Chip, LF RFID Chip, …
This study report Global RFID Tag Chips Market, the analyst provides growth estimates, forecasts, and an in-depth analysis of all key factors at play in the Market. The report takes into account the micro and macro factors that are likely to impact the growth trajectory of the Market. The study further presents details on the investments initiated by several organizations, institutions, government, and non-government bodies.
The report investigates and analyzes the…
RFID Equipment Market - The Rising Application of RFID In Healthcare RFID Techno …
The applications of Radio Frequency Identification (RFID) have widened in the healthcare industry, ranging from tracking medical equipment, patient identification and blood transfer monitoring to tracking the path of medication from pharmacy to the patient. Due to this, the RFID equipment market has witnessed a high growth rate over the years.
Providing clients with in-depth analysis and competitive intelligence, the research report evaluates the RFID equipment market and all…
RFID Tag Chip Market: By Applications - HF RFID Tags, UHF RFID Tags, LF RFID Tag …
Latest industry research report on: Global and United States RFID Tag Chip Market | Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
Request For Sample Report @ https://www.marketresearchreports.biz/sample/sample/1227953
This report studies the RFID Tag Chip market status and outlook of global and United States, from angles of players, regions, product types and end industries; this report analyzes the top players in global and United States market, and splits…
rfid clear tag for rfid inventory (gyrfidstore)
RFID Disc Tags are widely used for inventory tracking system or Automatic production systems. The RFID Disc Tag can also work on metal surface with anti-metal layer on it, also can be attached to goods surface by adhesive layer. There are abundant size options from 12mm to 50mm. GYRFID presents several types with different material and size to suitable customer’s application.
DIP Series- PVC Disc Tag, PVC Laminated, thickness of 1.0-1.2mm
DIT…
