Real Time Location Systems (RTLS) Market 2022 Analysis By Regional, Outlook, Competitive Landscape Strategies And Forecast 2030

The real time location systems (RTLS) market, in terms of revenue, was valued at US$ 1876.3 Mn in 2020 and is expected to reach US$ 8593.1 Mn by 2030. Key participants of global real time location systems (RTLS) market are AeroScout Industrial, Awarepoint Corporation, BeSpoon SAS, CenTrak, ChyronHego Corporation, Decwave, AiRISTA Flow, IDENTEC SOLUTIONS, Motorola Solutions, Inc., PINC Solutions, Savi Technology, Skytron, Sonitor Technologies, Inc., TeleTracking Technologies, Inc., Tyco Security Products, Ubisense, Versus Technology, Inc., and ZIH corp amongst others.

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Real-time location systems are used in tracking and identifying real time location of objects with the help of ‘tags’ or ‘nodes’ and ‘readers’. The systems perform active or passive collection of location information. Some of the popular technologies used for communication between reader and tags are GPS, Wi-Fi, Bluetooth, Infrared and active and passive RFID systems.

Real Time Location Systems (RTLS) Market, Component

Real Time Location Systems (RTLS) Market, by Component

Global real time location systems (RTLS) market based on the component is classified as hardware, software and services. The location of the objects is determined by the location engine software which remains connected to tags and location sensors. The middleware is important part of the RTLS, which is used for connecting the core components of RTLS (tags, sensors and software) to applications in which real time location and status can be displayed. The use of real time location systems helps to improve the efficiency of the business and automate the processes. In the component segment, hardware is expected to dominate the market, owing to the cost of tags, readers and transmitters. The cost of hardware depends upon the lifespan and transmit rate of the tags.

Real Time Location Systems (RTLS) Market, by Region

In the global market, North America is expected to hold the largest market share currently. The adoption of real time locations systems by healthcare firms and hospitals is fueling the growth of the RTLS in the North America region. They are used for identify and locate tagged objects, patients and personnel in the hospitals. Application of real time location systems helps healthcare professionals to improve clinical processes and productivity of nurses and caregivers.

Real Time Location Systems (RTLS) Market research added by Absolute Markets Insights, offers a comprehensive analysis of the growth trends prevailing in the global business arena. This report also provides definitive data regarding the market, size, marketing aspects, and revenue forecast of the industry. In addition, the study explicitly highlights the competitive status of major players in the projection schedule while focusing on their portfolio and regional expansion efforts.

The Global Real Time Location Systems (RTLS) Market Analysis to 2030 is a specialized and in-depth study of the Technology, Media, and Telecommunications industry, with an emphasis especially on the analysis of global market trends. The report aims to provide an overview of the enterprise content delivery networks and enterprise streaming software market with detailed market segmentation by component, type of deployment, industry vertical, and geography. The global market for enterprise content delivery networks and enterprise streaming software is expected to witness high growth during the forecast period.

Financial performance:
The overall turnover of the companies / segments for the years 2021, 2020 and 2019 is provided in the sub-heading “Financial performance” (listed companies) with the analysis and explanation of the increase or decrease. decrease in these due to factors such as mergers and acquisitions, profit or loss of any strategic business unit (SBU) and others.

Strategic initiatives:
Information relating to new product launches, strategic collaboration, mergers and acquisitions, regulatory approval and other company developments in the market is covered in the strategic initiatives section.

Real Time Location Systems (RTLS) Market: Regional analysis includes:
— Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia)
— Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
— North America (United States, Mexico and Canada.)
— South America (Brazil etc.)
— The Middle East and Africa (GCC countries and Egypt.)

This research provides detailed information on the major factors influencing the Real Time Location Systems (RTLS) market growth on a global and regional level (drivers, restraints, opportunities and challenges), forecast of market size, in terms of value, market share by region and segment; regional market positions; growth opportunities by segment and by country, strengths and weaknesses, brand portfolio; Marketing and distribution strategies; challenges and threats of current competition and prospects; Key Company Profiles, SWOTs and Growth Strategies.

The Real Time Location Systems (RTLS) market research covers a comprehensive analysis of the following data:
• Historical and future growth of the Global Real Time Location Systems (RTLS) market.
• Segmentation of enterprise content delivery network and enterprise streaming software market to highlight the growth prospects and trends impacting these segments.
• Change the consumption behavior of customers in different regions.
• Regional analysis on the basis of market share, growth prospects and key countries.
• Agreements, product launches, acquisitions and R&D projects of various players in the enterprise content delivery networks and enterprise streaming software market.

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