Frequently Asked Questions
The Radio-frequency Identification (RFID) Smart Cabinets Market is expected to grow at a CAGR of 11.20% during the forecast period of 2022 to 2029.
The increase in the funding by the federal government is set to drive the demand for radio-frequency identification (RFID) smart cabinets. Moreover, growth and expansion of healthcare industry being driven by both public and private players especially in the developing economies will create lucrative market growth opportunities.
The major players operating in the radio-frequency identification (RFID) smart cabinets market are Alien Technology, LLC, GAO Group Inc., Honeywell International Inc., Impinj, Inc., Mobile Aspects, Inc., RF Technologies, Inc., Radianse, STID, STANLEY Healthcare, SATO HOLDINGS CORPORATION. Motorola Solutions, Inc., CAEN RFID S.r.l., NewAge Industries, Inc., IBM, Siemens, AMERICAN RFID SOLUTIONS, LLC, Grifols, S.A., Invengo Technology Pte. Ltd., LogiTag and 3M among others.
High cost associated with the research and development proficiencies, lack of awareness among the people in the underdeveloped economies regarding benefits, limited infrastructural facilities, and high expenditure required for research and developmental activities are expected to restrict the market growth.
