HOME Press Releases Real-Time Location System (RTLS) Market worth $3,923.6 Million by 2020



Real-Time Location System (RTLS) Market worth $3,923.6 Million by 2020


According to a new market research report on the Real-Time Location System (RTLS) Market Product (Hardware, Software, & Service), Technology (RFID, Wi-Fi, UWB, Infrared & Others), Application (Healthcare, Manufacturing, Process Industries, Govt & Defense, Retail, & Others), and Geography - Forecasts & Analysis to 2020”, the RTLS market is expected to grow at a CAGR of 33.03% between 2015 and 2020, and reach $3,923.6 million by 2020.

Browse 95 market data tables and 82 figures spread through 183 pages and in-depth TOC on Real-Time Location System (RTLS) Market - Forecasts & Analysis to 2020"
http://www.marketsandmarkets.com/Market-Reports/real-time-location-systems-market-1322.html

Early buyers will receive 10% customization on reports.

The global RTLS market was valued at $720.5 million in 2014 and is expected to reach $3,923.6 million by 2020, at an estimated CAGR of 33.03% between 2015 and 2020. The healthcare sector constituted the largest application for the RTLS market in 2014 and is expected to continue to grow at a significant rate because of increasing applications in the healthcare segment, especially the old age care segment. Industrial manufacturing, government and defense, process industries, and transportation and logistics sectors are the next major applications of RTLS solutions and are expected to grow at a considerable rate due to the increasing adoption of RTLS solutions in the same.

The RTLS market players have been focusing on the innovations in terms of technological advancements to cater to the specific needs of enterprises in tracking and monitoring the precise location of assets or personnel. UWB and ZigBee based RTLS technologies have been the emerging technologies in the RTLS market, which provide high accuracy and precise location of objects in shorter locations compared to any other RTLS technology. The market for these technologies is expected to grow at a higher CAGR in the forecast period than others because of the increasing adoption of the RTLS solutions based on these technologies. Furthermore, these technologies have been able to overcome the difficulties faced by the other technologies in tracking objects in harder mediums such as concrete wall or other substances. However, Wi-Fi and RFID technologies are expected to account for a major market share during the forecast period, due to their lesser cost compared to UWB and ZigBee technologies.

The Americas and Europe were the largest markets for the RTLS technology in 2014. Asia-Pacific is expected to be the fastest growing region, followed by RoW which is also among the major regions that plays a significant role in the growth of the RTLS market. The growth of the RTLS market in the Americas was largely driven by the U.S., which accounted for 74.7% of the total Americas RTLS market in 2014. The Asia-Pacific market for RTLS is expected to be driven by its key markets such as Japan, Australia, China, Malaysia, and Singapore. The industrial manufacturing and retail sector along with, transportation and logistics is likely to provide a huge growth opportunity for RTLS solutions in these regions. The market would also be fuelled by the increase in focus of the major global RTLS vendors to expand their product and service offerings in the Asia-Pacific region as this region is expected to witness a higher growth in terms of the adoption of RTLS solutions and market value.

MarketsandMarkets RTLS market report describes market dynamics that include the key drivers, restraints, challenges, and opportunities with respect to the RTLS market and forecasts the market till 2020. This global report provides a detailed view of the RTLS market across products, technologies, applications, and geographies. The report also profiles the prominent players in the RTLS market along with their key growth strategies. The competitive landscape of the market analyses a large number of players with their market share. The RTLS market is witnessing numerous collaborations and partnerships across the value chain, to cater to various industries in different geographies. The major companies in the global RTLS market that have been included in this report are Zebra Technologies Corporation (U.S.), AeroScout, Inc. (U.S.), Savi Technology, Inc. (U.S.), TeleTracking Technologies, Inc. (U.S.), Ubisense Group Plc (U.K.), Ekahau, Inc. (U.S.), Identec Group AG (Liechtenstein), CenTrak, Inc. (U.S.), Awarepoint Corporation (U.S.), and Versus Technology, Inc. (U.S.), and others.

About MarketsandMarkets

MarketsandMarkets is worlds No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&Ms flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports