Real-Time Location System (RTLS) Market is expected to reach USD XX Bn by 2027 from USD 2.74 Bn in 2019 at a CAGR of XX % during the forecast period.

The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

Real-Time Location System (RTLS) Market

To know about the Research Methodology:-Request Free Sample Report
Real-Time Location Systems Market Dynamics:

Real-Time Location System (RTLS) stands for real-time location system, used to automatically identify and track the location of objects or people in real-time, usually within a building or other contained area.
A real-time location system helps in determining the current position of an object based on real-time information gathered through a wireless system. It helps in indoor tracking of the object & person as well. The Global Real-Time Location Systems (RTLS) Market growth can be attributed to the adoption of RLTS in multiple sectors.

Real-Time Location Systems are utilized in almost all the industries such as Healthcare, Manufacture & Automotive, Transportation & Logistics, Retail, Government & Defense, Education, Oil & Gas, Mining, Sports & Entertainment, and several others. The Real-Time Location Systems (RTLS) empower their users with customized solutions and high return on investment. The market is also flourishing with the emergence of innovative startups and market competitiveness. Adoption in several verticals with multiple benefits drives the growth of the Global Real-Time Location Systems Market.

Regulatory compliance by government across several industries including oil & gas, mining, education, and manufacturing. There are several regulations in oil & gas, mining, healthcare, manufacturing, and other industries related to worker safety, workflow, and security. The increasing government regulations in various developed & developing countries regarding the use of RTLS in oil & gas and mining sectors are driving the growth of the RLTS market. For instance, the Turkish government set rules to improve the safety and security of miners in the country and similar measures have implemented in several other countries too.

In the near future, similar regulations are likely to be enforced in other industries too, which will further fuel the growth of the RTLS market during the forecast period. For instance, American educational institutions have raised a concern for safety and security, which may lead to new regulations passed by the government and will enrich the scope for the deployment of RTLS.

Concerns regarding data security and concerns about privacy loss from stakeholders. Data security and privacy are one of the major issues faced by the personnel/staff in several industries. The threat of cyber-attacks is a major issue for every organization looking to establish an RTLS entry point into their network and systems. Real-time location tracking systems are transforming many industries where the efficient utilization of resources is critical.
RTLS provides the location of individuals at any time and also offers the visibility mandatory to keep stakeholders safe working in the organization. However, it is claimed that RTLS solution can be used to monitor specific employees unfairly, that is, their break time and working hours, while in other cases, people are concerned about the loss of their personal freedom.
Real-Time Location Systems Market Segment Analysis:

Healthcare Segment is Anticipated to Hold the Largest Share of US$ XX Mn for the RTLS Market during the Forecast Period. The Healthcare industry is the major contributor to RTLS Market and is expected to continue to hold a major share over the forecast period. The healthcare sector is adopting this system for an extensive range of healthcare applications such as tracking and monitoring assets, personnel, and patients, hand hygiene compliance, and environmental monitoring. Several hospitals across the world spend a huge amount on buying lost equipment and looking after medical equipment and people (staff and patients), which can be controlled by the RLTS systems. Besides, the growth of IoT in the healthcare industry has generated a huge growth opportunity for the RTLS market and expected to contribute to the growth of the RTLS market for the healthcare vertical.

The UWB technology market is anticipated to grow at the highest CAGR of XX% during the forecast period. The UWB technology helps in locating a large number of objects down to a range of few centimeters. The decreasing prices of UWB tags are expected to boost the demand for UWB technology-based RTLS solutions from numerous verticals such as manufacturing, transportation, and logistics in the forecast period. UWB technology is predicted to exceed the market for all other RTLS market technologies by 2027.
Real-Time Location Systems Market Regional Insights:

The market in the Asia Pacific is expected to grow at the highest CAGR of XX% during the forecast period owing to the untapped applications of RTLS solutions in different industries. Healthcare has been the major industry for RTLS solutions and is expected to continue and contribute XX% shares during the forecast period. Furthermore, the healthcare industry is booming in emerging economies like India and China along with the increasing number of the working population has supplemented drastic speed to the growth of the RLTS market in the Asia Pacific region.

Besides the health care industry, the industrialization & manufacturing sectors are also growing in the emerging economies of Asia Pacific, which also plays a vital role in the RLTS market growth. Moreover, the manufacturing sector of India has the potential to reach USD 1 trillion by 2027, and India is estimated to rank among the top three growth economies and manufacturing destinations of the world by the year 2021. The booming industrialization also provides growth to the verticals like warehouse management, shipping, and logistics management, ultimately flourishing the Real-Time Location Systems (RTLS) Market growth.
One more addition to the growth of the market is the Summer Olympics 2020 games organized in Japan, which will require tracking of goods and authorized persons in real-time to make sure the smooth running of the several events. This is projected to propel the growth of the Real-Time Location Systems (RTLS) Market during the forecast period.

For more information:  https://www.maximizemarketresearch.com/market-report/real-time-location-system-market/813/

Scope of the Global Real-Time Location Systems Market Report: Inquire before buying

Global Real-Time Location Systems Market, by Offering:

• Hardware
o Tags/Badges
o Readers/Trackers/Access Points
o Others
• Software
o Application
o Middleware
o Location Analytics Engine
• Services
o Consulting
o Support and Maintenance
o Deployment and integration
Global Real-Time Location Systems Market, by Technology:

• RFID
o Active RFID
o Passive RFID
• Wi-Fi
• UWB
• BLE
• Infrared (IR)
• Ultrasound
• GPS
• Others (includes ZigBee and RuBee)
Global Real-Time Location Systems Market, by Application:

• Inventory/Asset-Tracking & Management
• Personnel/staff-Locating & Monitoring (includes Patient Tracking)
• Access Control/Security
• Environmental Monitoring
• Yard, Dock, Fleet, & Warehouse-Management & Monitoring
• Supply Chain Management & Operational Automation/Visibility (includes container tracking and work-in-progress tracking)
• Others
Global Real-Time Location Systems Market, by Vertical:

• Healthcare
• Manufacture & Automotive
• Transportation & Logistics
• Retail
• Government & Defense
• Education
• Oil& Gas, Mining
• Sports& entertainment
• Others
Global Real-Time Location Systems Market, by Region:

The report covers a geographic breakdown and a detailed analysis of each of the segments across region North America, Europe, Asia Pacific, and LAMEA.
• North America
 U.S.
 Canada
 Mexico
• Europe
 Germany
 France
 UK
 Italy
 Spain
 Rest of Europe
• Asia Pacific
 Japan
 China
 India
 Rest of Asia-Pacific
• LAMEA
 Latin America
 Middle East
 Africa
Real-Time Location Systems Market: Competition Landscape:

The Global Real-Time Location Systems Market has the presence of a large number of players. Major players in the Global Real-Time Location Systems Market are concentrating on developing new technologies to facilitate the industry with the lowest time and low expenditure consuming technologies. In recent years there are many discoveries in the field of technologies with regards to the Global Real-Time Location Systems Market, which in turn will help the industry to grow resulting in a boost to the competition too. Detailed analysis of competition, new entrants, strategic alliances, mergers, and acquisitions in the Global Real-Time Location Systems Market is covered in the report.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Real-Time Location Systems Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence.
Company Profiles

The major players operating in the Global Real-Time Location Systems Market, analyzed in the report are:
• STANLEY Healthcare,
• Zebra Technologies,
• Aruba Networks,
• IMPINJ,
• Savi Technology,
• TeleTracking Technologies,
• Ubisense Group,
• AiRISTA Flow,
• Awarepoint,
• Identec Group,
• Alien Technology,
• DecaWave,
• Redpine Signals,
• Visible Assets,
• Litum Technologies,
• Mojix,
• Tracktio,
• CenTrak,
• OpenRTLS,
• Cerner Corp.,
• GE Healthcare,
• Cisco Systems,
• Sonitor Technologies,
• STATSports Technologies,
• IBM Corporation,
• General Electric Company,
• Siemens AG,
• Sonitor Technologies Inc.,
• RF Technologies, Inc.,
• IDENTEC SOLUTIONS,
• PLUS Location Systems,
• LLC, PINC Solutions,
• Radianse,
• Essensium

This Report Is Submitted By : Maximize Market Research Company

Customization of the report:

Maximize Market Research provides free personalized of reports as per your

demand. This report can be personalized to meet your requirements. Get in

touch with us and our sales team will guarantee provide you to get a report that

suits your necessities.

About Maximize Market Research:

Maximize Market Research provides B2B and B2C research on 20,000 high

growth emerging opportunities & technologies as well as threats to the

companies across the Healthcare, Pharmaceuticals, Electronics &

Communications, Internet of Things, Food and Beverages, Aerospace and

Defense and other manufacturing sectors.