Real Time Location Systems Market Magnify Accuracy & High Location Precision
RTLS help enterprises to track, identify and manage important assets such as tools, personnel and equipment in real time by putting a badge/tag on them. Badges/tags utilize wireless technologies such as infrared, ultrasound, Wi-Fi, ZigBee and RF signals for communication between readers and tags and send signals to the location sensors/readers.
These sensors/readers then communicate with software/middleware platform that analyzes the data and correlates useful information to improve staff productivity and operational efficiency in an enterprise.
Optimum utilization of resources and asset management with RTLS solutions is expected to drive demand for RTLS solutions during the forecast period. Moreover, due to decreasing prices of RTLS components and government support encouraging the use of RTLS is expected to increase adoption during the forecast period.
In terms of technology, RFID led the global RTLS market with highest revenue share in 2013. This was mainly due to advanced features of RFID technology such as high accuracy, low cost, long battery life of tags, and low maintenance costs as compared to WI-Fi.
However, ZigBee and UWB are emerging technologies with tremendous market potential, mainly due to long battery life, enhanced accuracy and high location precision.
One of the most significant advantages of Wi-Fi in RTLS is the ease of deployment. Wi-Fi based RTLS systems are mostly deployed in organizations with an existing Wi-Fi network.
Request A Sample Of This Report:
In 2013, North America held the largest market share and accounted for 45.4% of the global RTLS market revenue. Applications in healthcare industry have primarily driven the demand for RTLS solutions in the North American market.
Due to the existing healthcare-IT infrastructure in North America, companies in this market were able to gain leverage and deploy RTLS solutions in the healthcare industry. Furthermore, a key factor playing pivotal role in driving the growth of RTLS market in North America is government support.
In 2013, U.S. government Veteran Affairs deployed RTLS from Hewlett Packard in several medical centers across the U.S. The Asia Pacific region is expected to be the fastest growing regional market for RTLS solutions.
One of the key factors driving market growth in the Asia Pacific region is the rise in demand from countries such as Japan, Singapore and South Korea. Other factors such as rising customer awareness and high industrial growth will also propel the adoption of RTLS in Asia Pacific region.
TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Real Time Location Systems Market Magnify Accuracy & High Location Precision here
News-ID: 433860 • Views: 507
More Releases from TMR - Research Reports
Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2 …
According to the research report, the global pulmonary drugs market is expected to be worth US$ 28,082.1 mn by the end of 2024 as compared to US$ 48,039.7 mn in 2015. Analysts calculate that the global market will plummet at a CAGR of -6.3% during the forecast period of 2016 and 2024. The market will thrive as the demand for combination drugs is anticipated to remain on the rise during
North America Ventricular Assist Device Market is rising to a valuation of US$ 1 …
According to TMR, the opportunity in the North America market for VADs, which stood at US$0.4 bn in 2015, is likely to expand at a healthy CAGR of 9.20% between 2016 and 2024 and increase to US$1.07 bn by the end of the forecast period. The destination therapy (DT) segment has been reporting a greater application of VADs than the other two indication segments. It is expected to remain the
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million b …
Transparency Market Research notes that innovation and expansion into emerging regions have served these companies well in strengthening their hold in the dental membrane and bone graft substitutes market. For instance, Switzerland-based Geistlich Pharma AG - a global manufacturer and supplier of dental products and devices - expanded its operations in Sydney, Australia and New Delhi, India in 2016. The global dental membrane and bone graft substitutes market is expected to
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
The global human vaccines market was valued at US$28.3 bn in 2015 and is estimated to reach US$72.5 bn by 2024, registering an 11.2% CAGR during the forecast period. By age group, pediatric vaccines accounted for a 57.5% share in the global human vaccines market in 2015. Adult vaccines, on the other hand, are expected to expand at a 13.2% CAGR from 2016 to 2024. Based on product, the pneumococcal segment
More Releases for RTLS
RTLS Market in the US 2016-2020
The global industrial castings market is anticipated to grow rapidly and will post a CAGR of close to 47% during the forecast period. The increasing use of real-time locating systems (RTLS) tags in the healthcare sector will drive the growth prospects for the global industrial castings market during the forecast period. One of the major factors that increase the adoption of RTLS tags in hospitals is improved operations and increased
Real Time Location System (RTLS) Market Status 2017-2022
Global Real Time Location System (RTLS) Market Size, Status and Forecast 2022 provides Market information about Manufacturers, Countries, Type and Application.This Industry report also states Company Profile, sales, Real Time Location System (RTLS) Market revenue and price, market share, market growth and gross margin by regions. Enquiry for buying report @ https://goo.gl/6H31kQ Top Manufacturers/Key Players: Stanley Healthcare Ekahau Zebra Technologies
RTLS Market for Healthcare - Industry Size, Share 2022
RTLS Market for Healthcare Market Size, Capacity, Trends, Outlook, Research, Analysis, Growth | Industry Report 2022 Market Research Report to It’s a Database. Download sample copy @ https://goo.gl/KOw6fZ The RTLS market for healthcare is expected to grow at a CAGR of23.6% between 2016 and 2022 to reach USD 3,123.7 million by 2022 from USD 580.1 million in 2015. Increasing demand for RTLS from senior living facilities is one of the major
Global Real-time Location System (RTLS) Market Research Report 2016
Summary This report studies Real-time Location System (RTLS) in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering Stanley Healthcare Ekahau Zebra Technologies CenTrak IBM Intelleflex Awarepoint Corporation Versus Technology TeleTracking Ubisense Group Savi Technology Identec Solutions AiRISTA Sonitor Technologies Elpas Axcess International Essensium GE Healthcare TimeDomain BeSpoon Intelligent Insites Mojix PINC Solutions Plus Location Systems Radianse RF Technologies ThingMagic Skytron Get Sample Report @ http://www.reportbazzar.com/request-sample/?pid=741231&ptitle=Global+Real-time+Location+System+%28RTLS%29+Market+Research+Report+2016&req=Sample Market Segment by Regions, this report splits Global into several key Regions, with
RTLS Sales Market Trends, Demand & 2021 Forecasts
A Research Report Of RTLS,is Getting High Demand in Market,Get this Report" RTLS Sales Market " on Bigmarketresearch.com Notes: Sales, means the sales volume of RTLS Revenue, means the sales value of RTLS Request For Sample Copy: https://goo.gl/Ykcb8u This report studies sales (consumption) of RTLS in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top players in these regions/countries, with sales, price, revenue and market share for each
Global RTLS for Industrial Applications Market 2016-2020
RTLS is used to track asset, person, or any object in real-time basis. RTLS employs radio frequency identification (RFID) technology for communication, but some systems use optical (based on infrared waves) or acoustic (based on ultra sound) technology, either combined or separately. RTLS involves two components: Tags: These are hardware components attached to the object that has to be tracked. Readers: These are a combination of both hardware and software used