According to the study, The increase in the use of smartphones across the globe
is one of the primary growth factors for the market. High adoption of RTLS solutions in the healthcare, manufacturing & automotive, retail, and transportation & logistics verticals
is also expected to contribute significantly to the Real Time Location System (RTLS) market. Overall, Inventory/Asset Tracking & Management
applications of Real Time Location System (RTLS), and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Stanley Healthcare Solutions (United States), Redpine Signals (United States), Zebra Technologies Corp. (United States), Versus Technology, Inc. (United States), Lockheed Martin Corporation (United States), Sonitor Technologies AS (Norway), TeleTracking Technologies, Inc. (United States), CenTrak (United States), DecaWave Limited (Ireland) and Ubisense Group PLC Inc. (United Kingdom) pushing strong cash flow in Market which is also a key in driving revenue growth.
AMAs Analyst on the Global Real Time Location System (RTLS) market identified that the demand is rising in many different parts of the world as "Development of real-time location systems in the emerging countries
". Furthermore, some recent industry insights like "On 19 May 2020, STANLEY Healthcare announced that its AeroScout Real-time Location System (RTLS) platform has been fully integrated and certified with Cisco DNA Spaces the next-gen indoor location services platform to offer enterprise-wide visibility into the location and status of assets and people in healthcare environments. It delivers the industry's most scalable location-based platform." is constantly making the industry dynamic. One of the challenges that industry facing is "Less awareness about the advantages of RTLS as users still highly depend on barcodes and passive RFID tags for their businesses"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Real Time Location System (RTLS) market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Real Time Location System (RTLS) market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Real Time Location System (RTLS) market tight? Which application/end-user category or Product Type [] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Real Time Location System (RTLS) market and other related sub-markets covered in the study.
o Key & emerging players in the Real Time Location System (RTLS) market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Real Time Location System (RTLS) market size is calculated using market estimation process, the Real Time Location System (RTLS) market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Real Time Location System (RTLS) market size has been validated using both top-down and bottom-up approaches.