Information Communications Media Technology Market News

Global real time location systems market outlook and forecast to 2022 illuminated by new report

Growing government initiatives, huge investments in technology, rising applications into several verticals, and advanced features of the technology are some of the key factors fostering the market growth.

- Advertising -

According to Stratistics MRC, the Global Real Time Location Systems (RTLS) Market is valued at $967.25 million in 2015 and is expected to grow at a CAGR of 32.14% to reach $6,804.23 million by 2022. 

Conversely, huge costs involved in deployment, privacy & security issues, and technical issues with the system are hampering the market. Manufacturing industry is anticipated to provide ample of opportunities to the market during forecast period.

- Advertising -

Furthermore, growth is propelled by contribution from emerging nations.

Browse the report: www.orbisresearch.com/reports/inde…outlook-2015-2022

RFID technology held the largest market share among all the technologies owing to its enhanced features such as less maintenance cost, high accuracy and extended battery life when compared to other wireless communication technologies. Recent technologies like ZigBee, are witnessing high market traction due to its long battery life and high accuracy.

North America is commanding the global market with largest market size mainly driven by growing applications in healthcare sector and government initiatives. Asia Pacific is poised grow at a fastest CAGR owing to rising demand of WiFi and RFID technology enabled RTLS.

Some of the key players in global Real Time Location Systems (RTLS) market are Teletracking Technologies, Inc., Awarepoint Corporation , Motorola Solutions Inc., Identec Group AG (Liechtenstein), Zebra Technologies Corporation, Sonitor Technologies AS, PINC Solutions Corporation, Ubisense Group PLC., Versus Technology, Inc., Aeroscout, Inc., Skytron LLC, Savi Technology, Inc., DecaWave Ltd., Axcess International, Inc., Centrak, Inc. and Ekahau, Inc.

Request a sample of the report: www.orbisresearch.com/contacts/request-sample/184751

Technologies Covered:
Global Positioning System (GPS)
Ultra Wide Band (UWB)
Wi-Fi
Radio Frequency Identification (RFID)
Ultrasound
Infrared
ZigBee communication
Bluetooth
Other Technologies

Applications Covered:
Government and Defense
Hospitality
Retail
Process Industries
Industrial Manufacturing
Healthcare
Education
Transportation and Logistics
Other Applications
Yards
Docks Monitoring
Warehousing
Products Covered
Service
Hardware
Software

Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia Pacific
Rest of the World
Middle East
Brazil
Argentina
South Africa
Egypt

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

News From

Orbis Research - Rendering Conscientious ResearchOrbis Research
Category: Market Research Publishers and RetailersCompany profile: Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have a vast database of reports from the leading publishers and authors across the gl obe. We specialize in delivering customised reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialisation. This helps our clients to map their need, and we produce the perfect requi ...