Press release
Real Time Location System Market 2019: To Witness Excellent Growth by 2019| Ekahau, Zebra Technologies, CenTrak, IBM, Intelleflex, Aware point Corporation, Versus Technology, Tele Tracking, Ubisense Group
“The Global Real Time Location System Market is valued at 1900 million USD in 2018 and is expected to reach 7340 million USD by the end of 2025, growing at a CAGR of +25% between 2019 and 2025.”Real time locating systems (RTLS) are used to automatically identify and track the location of objects or people in real time, usually within a building or other contained area. Wireless RTLS tags are attached to objects or worn by people, and in most RTLS, fixed reference points receive wireless signals from tags to determine their location. It includes tracking automobiles through an assembly line, locating pallets of merchandise in a warehouse, or finding medical equipment in a hospital.
The Global Real Time Location System market 2019 research provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The major factor driving the growth of market is increasing applications of RTLS into various end-user industries. Awareness of exact location of assets and resources in different processes through automatic asset tracking and management aids companies in better utilization of available resources and enhances the workflow.
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The Major Players Reported In the Report Are: Identec Solutions, AiRISTA, Sonitor Technologies, Elpas, Axcess International, Essensium, GE Healthcare, Time Domain, BeSpoon, Intelligent Insites.
The Real Time Location System Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. It is an all-inclusive study of the business sectors up-to-date frameworks, industry enrichment drivers, and manacles. It provides futuristic market prospects in terms of the upcoming years. Additionally, our study also provides the market into segments such as end-users, verticals, and size.
The market segmentation by Component Type, can be split into:
• Hardware
• Software
• Services
The market segmentation by Technology, can be split into:
• Radio Frequency Identification (RFID)
• Wi-Fi
• Ultra-Wide Band (UWB)
• Ultrasound
• Infrared
• Bluetooth Low Energy
• GPS
• Where Net
The market segmentation by Application, can be split into:
• Transportation & Logistics
• Healthcare
• Retail
• Manufacturing & Processing
• And others
The report also summarized the high revenue that has been generated across locations like, North America, Japan, Europe, Asia, and India along with the facts and figures of market. It focuses on the major points, which are necessary to make positive impacts on the market like policies, Technology, speculation in the global Real Time Location System market.
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The report also covers in-depth description, competitive scenario, wide product portfolio of prime players active in this market and business strategies adopted by competitors along with their SWOT analysis. The report also provides Porter analysis, PESTEL analysis and market attractiveness which helps to better understand the market scenario on macro and micro level.
Key questions answered in the report include:
1. What will the market size and the growth rate be in 2025?
2. What are the key factors driving the global Real Time Location System market?
3. What are the key market trends impacting the growth of the global Real Time Location System market?
4. What are the challenges to market growth?
5. Who are the key vendors in the global Real Time Location System market?
6. What are the market opportunities and threats faced by the vendors in the global market?
7. Trending factors influencing the market shares of the Americas, APAC, Europe, and MEA.
8. What are the key outcomes of the five forces analysis of the global market?
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