Global Real-Time Locating System market research report is always helpful to business or organization in every subject of trade for taking better decisions, solving the toughest business questions and minimizing the risk of failure. The studies of this report carefully analyzes the market status, growth rate, future trends, market drivers, opportunities, challenges, risks, entry barriers, sales channels, and distributors. The most advanced tools and techniques have been used to structure this Real-Time Locating System report such as SWOT analysis and Porter’s Five Forces Analysis.
Global Real-Time Locating System Market is expected to reach USD 9.42 billion by 2025 from USD 2.89 billion in 2017 and is projected to grow at a CAGR of 11.8% in the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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The renowned players in STANLEY Healthcare , Savi Technology , Sonitor Technologies, TeleTracking Technologies, Inc., CenTrak, DECAWAVE, Ubisense, AeroScout International, PINC Solutions, SKYTRON, Motorola Solutions, Inc. Zebra Technologies Corporation, Versus Technology, Inc., Awarepoint Corporation, Cerner Corp., GE Healthcare, STATSports Technologies, AiRISTA Flow, Alien Technology, Aruba Networks, Identec Group and many more
Global Real-Time Locating System Market, By Offering (Hardware, Software, Service), Technology (RFID, W-Fi, UWB, BLE), Application (Healthcare, Transportation, Logistics, Manufacturing, Process Industries, Government, Defense, Hospitality, Retail, Others (Academics, Warehousing, Yards and Docks Monitoring)), Geographical Segments (North America, South America, Europe, Asia-Pacific, Middle East and Africa)- Industry Trends and Forecast to 2025
The global real-time locating system market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of real-time locating system market for global, Europe, North America, Asia Pacific and South America.
In 2011, Sonitor technologies launched Wireless receiver infrastructure for healthcare facilities.
Study Objectives of Real-Time Locating Systems Market
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Real-Time Locating Systems Market.
- To provide insights about factors affecting the market growth.
- To analyze the Real-Time Locating Systems market based porter’s five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segment by components, service, application, industries and sub-segments
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Real-Time locating systems
Real time location system (RTLS) is applied to track and recognize various assets and objects on real time basis. RTLS offers accurate information on several assets through communication between the local engine and the object to be tracked in various organizations. Crucial application segments contain transportation logistics, manufacturing & process industries, healthcare and retail. The solutions provided for healthcare amenities help in improving clinical excellence by capturing workflow proficiencies and cost reduction. Government support endorsing the procedure of Real-Time-Locating system (RTLS) and decreasing prices of Real-Time-Locating system (RTLS) components which have also maintained the market’s growth. In the term of end-user, it is used for technology sector which raise the growth for accepting Zig-bee and UWB (Ultra- wide band).
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Market Drivers and Restraints:
- Increasing demand in RFID (Radio frequency identification detection) in tracking system.
- Growing demand in Wi-Fi protected Access, which limit the physical areas.
- Research and development took place to improve the WLAN in physical location.
- Rising demand for fleet tracking, inventory & asset tracking.
- Distortion due to high cost of establishment.
- The market is based on offering type, technology, applications and geographical segments.
- Based on offering type, the market is segmented into hardware, software and service.
- Based on technology, the market is segmented into RFID, W-Fi, UWB and BLE.
- Based on applications, healthcare, transportation and logistics, manufacturing and process industries, government and defense, hospitality and retail, others. The others segment is sub segmented into academics, warehousing, yards and docks monitoring.
- Based on geography, the market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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