Rfid Kanban Systems Market Is Predicted To Grow Swiftly Due To Growing Requirement For Operating Costs Reduction Till 2020: Grand View Research, Inc.
Global RFID kanban systems market is expected to reach USD 1.1 Billion by 2020, according to a new study by Grand View Research, Inc. Increasing cases of stock outs, over inventory, clerical errors and growing demand for real time asset and inventory tracking are some factors expected to drive market growth over the next six years. Furthermore, high cost incurred due to medication expiration, increasing demand for FIFO system and the implementation of lean inventory management is expected to boost market growth over the forecast period. Global RFID kanban systems market, by region, 2012 – 2020 (USD Million) North America held majority of the market in 2013, with revenue estimated at USD 97.5 million. Economic development, increasing demand for process optimization, rising awareness level amongst healthcare organizations pertaining to the benefits associated with RFID kanban systems are some major drivers of this market. The presence of a large gap betwee...