Real-Time Locating Systems Market Analysis
As per the research by Market Research Future Reports (MRFR), the global real-time locating systems market analysis is estimated to value USD 18.97 billion, growing at a CAGR of 24% during the forecast period from 2020 to 2028. The increasing need to get higher efficacy out of available resources is estimated to drive the global real-time locating systems market 2020. Besides, the increasing demand for real-time locating systems in the healthcare industry is anticipated to be a major factor affecting the market. RTLS has applications in various sectors such as retail, government, transportation and & logistics, and industrial manufacturing, which expands the market. The other factors responsible for expansion are higher-efficiency, asset management, and efficient workflow. Also, these systems offer details in real-time and are used to locate, track, and to regulate the activity of people or equipment indoors. Growing I.T. infrastructure, quick adoption of technology, and adoption of 4.0 and IoT are some of the other important factors which drive the global real-time locating systems market.
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Market Segmentation
The global real-time locating systems market can be segregated on the basis of technology, industry, application, components, and region.
- On the basis of technology, the global real-time locating systems market can be classified into GPS, Wi-Fi, RFID, UWB, and others.
- On the basis of industry, the global real-time locating systems market can be classified into banking, manufacturing, healthcare, automotive, aerospace & defense, and oil & gas, among others.
- On the basis of application, the global real-time locating systems market can be classified into personal tracking, asset tracking, and inventory tracking, among others.
- On the basis of components, the global real-time locating systems market can be classified into hardware and software.
- On the basis of region, the global real-time locating systems market can be classified into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
Regional Analysis
The territorial examination of North America, Europe, Asia-Pacific, and the Rest of the World (RoW) has been led. According to the examination by MRFR, the worldwide market is overwhelmed by North America. The district comprises of exceptional in fact progressed players, which gives a high ground in the market. Among all, the U.S. obtains the biggest portion of the worldwide RTLS market in North America. The second and third position is accomplished by Canada and Mexico, individually. The subsequent position is achieved by Europe in the worldwide market. The developing utilization of RTLS in the medical care area and BFSI has brought about the extension of the market in Europe.
Then again, the APAC locale is assessed to extend at the quickest pace inferable from the presence of India and China, which are the quickest developing economies of the world. China is rapidly taking on IoT in the assembling business and the reception of industry 4.0, which is the main justification for market extension in China. Notwithstanding, the worry of information security can obstruct market extension in China. Also, the deeply grounded I.T. foundation and consistent network in Japan have additionally moved the provincial extension of the market. In any case, the worries with respect to security and information protection are assessed to impede the development of the market in Japan.
Key Players
The forefront players of the global RTLS market are BeSpoon SAS (France), Zebra Technologies Corp. (U.S.), Stanley Healthcare (U.S.), Ubisense Group PLC. (U.K.), Savi Technology (U.S.), IMPINJ, Inc. (U.S.), AiRISTA, LLC (U.S.), Versus Technology, Inc. (U.S.), CenTrak, Inc. (U.S.), Identec Group AG (Liechtenstein), Decawave Ltd. (Ireland), Redpine Signals, Inc. (U.S.), Awarepoint Corp. (U.S.), and others.
Table Of Contents
1 Market Introduction
1.1 Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure:
1.3.1 Global Real-Time Locating Systems Market: By Components
1.3.2 Global Real-Time Locating Systems Market: By Application
1.3.3 Global Real-Time Locating Systems Market: By Technology
1.3.4 Global Real-Time Locating Systems Market: By Industry
2 Research Methodology
2.1 Research Type
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
2.4.3 Market Crackdown & Data Triangulation
3 Market Dynamics
3.1 Introduction
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities...
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