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The global real time locating system (RTLS) market provides tracking technologies for assets and human resource of the organizations to increase their operational efficiency. The RTLS market is expected to grow at a CAGR of 20.7% for the analysis period of 2112 to 2020. The key driving factor for the growth of the market is the provision for precise asset tracking. For example, healthcare facilities have to invest more money for lost devices in the absence of tracking technologies. When an efficient RTLS is implemented, the devices can be easily tracked, amounting to savings of at least 25 to 30 percent.
However, people are not very keen to adopt the system as they perceive it to be an invasion on their privacy. It has been noticed that healthcare staff use personal beepers instead of the tags that their organizations want them to use. Governments across the globe understand these concerns of people and are making regulations to protect privacy of people. For example, the U.S. Congress introduced the Geolocation Privacy and Surveillance Act (GPS Act) in March 2013 to establish guidelines for tracking people at workplace. It is expected that various governments across the globe will implement similar acts to overcome the challenge of privacy concerns.
Some of the key players analyzed in the report are Motorola Solutions, Honeywell Scanning & Mobility, RF Code, CenTrak, Ubisense, Radianse, Identec, and Ekahau.
KEY BENEFITS
Enable informed decision making process and offer market analysis based on current market situation, expected future trends and market intelligence
- Analyze the market factors in various geographic regions and understand business opportunities
- Analyze the market based on various segments and also forecast the market from 2013 to 2020 with 2012 as base year
- Identify key investment pockets for various applications, technologies and geographies
- Identify key players and their strategic moves
- Offer implications of the regulations across countries and their impact on the market
- Assess and rank the top factors that are expected to affect the growth of the market
- Examine and evaluate market trends to provide deep-dive intelligence into every market segment
- Competitive analysis to effectively plan and execute business plan
- Micro level analysis based on application, services and geographic regions
- MARKET SEGMENTS
RTLS MARKET, BY TECHNOLOGY
RFID in RTLS
GPS in RTLS
Wi-Fi in RTLS
Infrared in RTLS
Bluetooth in RTLS
Emerging Technologies in RTLS
RTLS MARKET BY, APPLICATION
Manufacturing industry
Healthcare
Transportation logistics industry
Retail
Others (public safety, military)
RTLS MARKET, BY GEOGRAPHY
U.S.
Europe
Asia-Pacific
RoW
KEY AUDIENCES
RTLS technology providers
Software and smartphone application integrators
Various organizations using or intending to use RTLS
Research organizations
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