According to a new market report published by Credence Research Inc., “Real Time Location System (RTLS) Market (By End-use Vertical (Healthcare, Transportation and Logistics, Industrial Manufacturing & Processing, Government, Hospitality, Retail, and Other End-use Verticals), By Technology (RFID, Wi-Fi, ZigBee and UWB, GPS, Ultrasound, Infrared, and Other Technologies)) – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022”, the global real time location system market is expected to grow at a CAGR of 38.6% during the forecast period 2015 to 2022.
Real time location systems are technology driven systems that use tags and readers to identify, find, track, and manage the location of assets or people in real-time, generally within a confined area. To sustain profit margins and market position, enterprises are increasingly turning towards technology for increasing their asset utilization and operational efficiency.
Browse the full Real Time Location System (RTLS) Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022 report at http://www.credenceresearch.com/report/real-time-location-system-rtls-market
However, even after being in the market for over a decade, the technology hasn’t received enough acceptance. This majorly owes to issues like lack of interoperability between various technology infrastructures and uncertainty over return on investment. However, growing encouragement through government initiatives and heavy investments in the development of different tracking technologies are expected to propel market growth in the coming years.
The global real time location system market is highly fragmented and technology driven, requiring vendors to understand distinct requirements and differences between varied end-use verticals. The leading four vendors accounted for less than 45% of the global real time location system market revenue in base year 2014. There exists high degree of competition amongst existing players. Some of the leading and promising players identified in the ecosystem include Stanley Healthcare Solutions (AeroScout Inc.) (the U.S.), Zebra Technologies Corporation (the U.S.), Ekahau, Inc. (the U.S.), Motorola Solutions Inc. (the U.S.), Awarepoint Corporation (the U.S.), Ubisense Group Plc (the U.K.), Identec Solutions (Liechtenstein), TeleTracking Technologies, Inc. (the U.S.), Versus Technology, Inc. (the U.S.) and Savi Technology, Inc. (the U.S.) among others. Focus on developing robust and innovative solutions through research and development is the primary strategy adopted by the players in the market.
- Emergence and adoption of cost-effective technologies including ZigBee and Ultra Wideband
- Popularity of smart factories to support adoption of real time location systems in the industrial sector
- GPS and RFID technology not ideal for indoor location tracking
- Issues including lack of interoperability and privacy concerns have posed biggest challenge to the growth of real time locating system market.
The report covers exhaustive analysis on:
- RTLS Market Segments
- Historical Actual Market Size, 2012 – 2014
- RTLS Market Size & Forecast 2015 to 2025
- Supply & Demand Value Chain
- RTLS Market Current Trends/Issues/Challenges
- Competition & Companies involved
- RTLS Market Dynamics
- Value Chain
- RTLS Market Drivers and Restraints
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.5. Approach Adopted
- Executive Summary
2.1. Global Real Time Location System (RTLS) Market Snapshot
- Global Real Time Location System (RTLS) Market Analysis
3.1. Global Real Time Location System (RTLS) Market Overview
3.2. Market Inclination Insights
3.2.1. Recent Trends
3.2.2. Future Outlook
3.3. Market Dynamics……
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Name: Chris Smith
Address: 105 N 1st ST #429,
SAN JOSE, CA 95103 US