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

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Real-time Location System Market
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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 IoT anddiverse 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
 
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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.

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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.
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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

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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
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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.
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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.

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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

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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
Stakeholders Perspective. To Know More About
Real-time Location System Market Global
Opportunity Analysis and Industry Forecast, 2018
- 2026 https//www.alliedmarketresearch.com/real-t
ime-location-systems-market Inquiry more about
this report https//www.alliedmarketresearch.com/
purchase-enquiry/1931 Follow Allied Market
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