Real time Location System Market Share, Size and Forecast By 2026

1. Real-time Location System Market

2. Real-Time Location System Market Analyst Review Real-time location system market is expected to experience growth in the Asia-Pacific region during the forecast period owing to rapid increase in penetration of mobile devices and growth in internet connectivity. Rise in adoption of IoTanddiverse opportunity across various asset tracking applications further boosts the demand for the RTLS market in this region. Vishwa Gaul Research Analysts, ICT Allied Market Research

3. CURRENT AND FUTURE SCENARIO OF MARKET • The global real-time location system market size was valued at $2.83 billion in 2018, and is projected to reach $23.13 billion by 2026. • The global real-time location system market growing at a CAGR of 30.2% from 2019 to 2026. • By component, the hardware segment led the real-time location system market size in terms of revenue in 2018. • The report presents information related to key drivers, restraints, and opportunities. • The report presents information related to key drivers, restraints, and opportunities. • The current real-time location system market size is quantitatively analyzed from 2018 to 2026 to highlight the financial competency of the industry.

4. TOP IMPACTING FACTORS TO MARKET GROWTH Real-time location systems (RTLS) detects and tracks the geographical position of people and objects in real-time. The RTLS consists of a tag that is attached to objects or individuals and the signals conveyed from this tag are analyzed with respect to a fixed point of reference which helps in finding the precise location of the individual or the object. RTLS encompasses location readers, sensors, application software, battery powered tags, and network infrastructure. Increase in demand for smartphones, diverse opportunity across various asset tracking applications, and rapid proliferation of business analytics solutions are some of the factors that majorly boost the growth of the real-time location system market. Ongoing scaling of existing real-time location system deployment, rise in demand for asset tracking, growing adoption of IoT, proliferation of smartphones, diverse applications of RTLS across multiple industry verticals, are the factors that majorly boost the growth of the global market. However, operating challenges and higher initial costs are expected to hamper the market growth. On the contrary, technological advancements and blending of technologies by key vendors to offer effective RTLS applications are expected to offer lucrative opportunities to the real-time location system market.

5. Real-time Location System Market Segmentation • By Technology • Ultra-Wideband • Wi-Fi • RFID • ZigBee • Infrared • Others • By Component • Hardware • Software • Service • By Industry Vertical • Transportation & Logistics • Healthcare • Retail • Manufacturing & Processing • Others

6. The hardware segment held the majority of global real-time location system market share in 2018, and is projected to maintain its dominance during the forecast period. The services segment is expected to witness highest growth rate of 31.3% from 2019 to 2026. This is attributed to the rise in need for the support and consultancy services needed for deploying RTLS hardware as well as software suitable according to enterprise or industry needs. Increase in adoption of RTLS hardware and platforms is expected to boost the demand for these services. The ultra-wideband (UWB) segment is expected to witness highest growth rate in global real-time location system market during the forecast period. The high precision location identification, low interference with other signals, usability in both outdoor and indoor environments, and an acceptable operating range are the crucial factors that lead to the increase in demand for real-time location system in transport & logistics sector. Real-time Location System Market Segmentation Get PDF Sample Copy@ https://www.alliedmarketresearch.com/request-sample/1931

7. By industry vertical, the others segment including education, energy, and more industries is anticipated to exhibit highest growth during the forecast period. By component, the hardware segment led the real-time location system market size in terms of revenue in 2018.

8. GEOGRAPHICAL OVERVIEW • Based on region, global Real-Time Location System Market analyzed across North America, Europe, Asia-Pacific, and LAMEA. • North America generated the highest revenue in 2018; however, Asia-Pacific is anticipated to exhibit substantial growth during the real-time location system market forecast period. Press Release: https://www.alliedmarketresearch.com/press-release/real-time-location-systems-market.html

9. DOMINATING MARKET PLAYERS PROFILED IN THE STUDY • CenTrak • DecaWave Limited • Lockheed Martin Corporation • Redpine Signals, Inc. • Sonitor Technologies • Stanley Black & Decker, Inc. • TeleTracking Technologies, Inc. • Ubisense Ltd. • Versus Technology, Inc. • Zebra Technologies Corp

10. A Report Titled “Real-time Location System Market Global Opportunity Analysis and Industry Forecast, 2018 - 2026” has been recently published by Allied Market Research. It makes an In-depth Analysis of current trends, drivers, and restraining factors that affect Financial Ratios relevant to the industry. Company profiles for key vendors in business builds a comprehensive picture of profitable opportunities from Stakeholder’s Perspective. To Know More About Real-time Location System Market Global Opportunity Analysis and Industry Forecast, 2018 - 2026 https://www.alliedmarketresearch.com/real-time-location-systems-market Inquiry more about this report: https://www.alliedmarketresearch.com/purchase-enquiry/1931 Follow Allied Market Research

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