Real-Time Locating Systems (RTLS) Market

STANLEY Healthcare (US) and Zebra Technologies (US) are the Key Players in the Real-Time Locating Systems (RTLS) Market

The global real-time location system (RTLS) market is expected to grow at a CAGR of 22.5% between 2018 and 2023 to reach USD 8.79 billion by 2023. STANLEY Healthcare (US), Zebra Technologies (US), Aruba Networks (HP Enterprise US), IMPINJ (US), Savi Technology (US), TeleTracking Technologies (US), Ubisense Group (UK), AiRISTA (US), Awarepoint (US), Identec Group (Liechtenstein), and Alien Technology (US) are among the major players in the market as of 2017.

STANLEY Healthcare has strong global presence and a wide customer base, particularly in North America and Europe. The companyís acquisition of Aeroscout has helped increase its product portfolio, as well as its RTLS-related revenue generation. The company is financially strong owing to the support from its parent company and is one of the top real-time locating system providers in the healthcare industry. With diverse product portfolio, the company has grown in various regions and market segments through extending partnerships and establishing new facilities to increase its solution portfolio. The company serves more than 5,000 hospitals and healthcare systems and offers products for security and protection, patient and resident safety, clinical operations, workflow environmental monitoring, and asset management. The company has also partnered with other technology vendors in the RTLS market to expand its RTLS offerings in the healthcare sector. In February 2018, the company integrated Sonitorís indoor positioning technology into its AeroScout solution for RTLS. The company has also partnered with industry leaders such as IBM, Intel, Rauland-Borg, and Critical Alert Systems for research and development in RTLS. The company has collaborated with different organizations to create awareness about the role of RTLS in patient care and asset management. For instance, in July 2016, the company extended its support to the Alzheimerís Association. The company showcased its products in various events including HIMSS 2018.

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Zebra Technologies has a major competitive edge owing to its robust market presence and financial strength. Zebra Technologies acquired the Enterprise business of Motorola Solutions for USD 3.45 billion in October 2014 which led to robust product portfolio and a wide market presence, thereby maintaining and gaining a competitive edge in the RTLS market. The company has a diversified product portfolio specific to industries such as manufacturing, transportation and logistics, and sports, which may witness higher growth in the RTLS market. The company has been involved in developing customized RTLS solutions for its customers, which enables strong customer satisfaction. The company has maintained its focus on the product development as a method to advance in the RTLS market with focus on Wi-Fi, UWB, GPS, BLE, and RFID technologies for RTLS. It has also adopted inorganic approaches such as partnerships and acquisitions to grow in the RTLS market. For instance, in June 2017, it collaborated with GE Healthcare to develop an RTLS solution that helps hospitals to manage their mobile asset inventory effectively.

Related Reports:

Real-Time Locating Systems (RTLS) Market by Offering (Hardware, Software, Services), Technology (RFID, W-Fi, UWB, BLE), Vertical (Healthcare, Manufacturing, Retail, Education, Govt., Sports), Application/Use case, and Geography - Global Forecast to 2023

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Report Code
SE 3323
Published ON
Jul, 2018
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