Know the Future Scenario of the Real-Time Location Systems Market

Real-Time Location Systems Market is expected to reach $7,585 million by 2022, supported by a CAGR of 31.4% during the forecast period. Real-time location system (RTLS) detects and tracks the geographical position of people and objects in real-time.

Get Full Summary @ https://www.alliedmarketresearch.com/real-time-location-systems-market

The real-time location systems market is driven by an increase in use of smartphones for mobile applications, such as gaming apps, business and communication apps, health & wellness apps, and personal convenience apps, which use real-time positioning information. consists of a wireless tag that is attached to objects or individuals and the signals emitted from this tag are analyzed with respect to a fixed point of reference, which helps to find the precise location of the individual or the object. RTLS consists of location readers, sensors, application software, battery powered tags, and network infrastructure.

Increase in demand for smartphones, diverse opportunity across applications, and rapid proliferation of business analytics solutions are expected to drive the real-time location systems market growth. In addition, technological advancements are expected to provide lucrative opportunity for the market growth. However, operational challenges and high initial costs limit the real-time location systems industry.he adoption of RFID has significantly increased owing to its enhanced features such as low maintenance cost, high accuracy, and long battery life as compared to other wireless communication technologies such as Wi-Fi, thus providing growth opportunity for the real-time location systems market.

The healthcare sector showed the highest growth rate in 2014. Increase in proliferation of RTLS technology is expected to enable patients to search nearby labs and hospitals as per their convenience, thereby driving the real-time location systems market growth. Furthermore, these solutions are useful to track and locate critical care equipment and personnel in case of emergencies. In addition, it eliminates the operational cost associated with asset management and equipment utilization. The others segment is anticipated to grow at a CAGR of 32.6% from 2016 to 2022.

Get PDF Brochure of this Insight @ https://www.alliedmarketresearch.com/request-sample/1931

Asia-Pacific is estimated to grow fastest due to increase in the adoption of RTLS and extensive growth in China, Japan, Australia, and India.

Key Findings of The Real-Time Location Systems (RTLS) Market:

Healthcare and manufacturing & processing sectors are expected to exhibit a significant growth in the real-time location systems industry.

RFID generated the highest revenue among technologies of real-time location systems market.

Asia-Pacific is projected to exhibit substantial growth during the forecast period.

The key players include Stanley Healthcare Solutions (AeroScout, Inc.), Zebra Technologies Corp., Versus Technology, Inc., Axcess International, Inc., SAVI Technology, Sonitor Technologies AS, TeleTracking Technologies, Inc., Awarepoint Corp., DecaWave Limited, and Ubisense Group PLC.

About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
Shriram Dighe
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1⟨855⟩550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.