Real Time Locating Systems (RTLS) solutions are utilized for tracking the location of a target in real time basis. RTLS is different from Radio Frequency Identification (RFID) though they are mostly perceived to be the same solutions. RFID utilizes signal transmission between two or more devices, for locating the target. RTLS, on the other hand, automatically identifies the target and track its location on a real time basis. Additionally, RTLS can track the movement of the target, when it is supported by a computer application. The degree of accuracy is dependent on the type of software solution chosen for tracking the target, utilizing RTLS. In contrast, RFID technology can be either active or passive. Passive RFID provides point-in-time location, in presence of specialized RFID readers. Active RFID sends out signals to a specialized reader at constant time intervals which is then utilized by specialized software solutions to find the location of the tagged target. Hence real time tracking is not always possible by RFID technology. RTLS was created with the target of creating a technology which has the capability to identify the target automatically and also allows for real time viewing of the target’s location, through a computer.
The market for real time locating system is primarily been driven by the growing demand of these systems in healthcare sector. RTLS allows for high accuracy real time monitoring, and hence is highly beneficial for tracking patients, equipments and hospital staffs among others. It is deemed to be extremely beneficial for emergency evacuation procedures, as it can aid in accounting for all the members present inside the building. Also, advanced RTLS systems can send alerts when certain parameters are not met, such as when any medical equipment is not returned to its original place within stipulated time, RTLS can activate a warning signal to alert the responsible person. Such applications have been positively impacting the growth of the market. Additionally, RTLS is finding increasing application in warehouses, correctional facilities, and retail stores, among others, where it aids in immediate location of the target and tracking of any misplaced items among others. This in turn has been further fuelling the growth of the market. However, several reports on privacy related concerns have been hampering the growth of the RTLS market. Additionally, RTLS systems can often provide erroneous data, owing to lack in signal strength or any other such issues. This again has been hampering the growth of the RTLS market. Considering the benefits offered by RTLS systems and their growing applications across different industry verticals, the global RTLS market can be expected to grow at a good pace during the forecast period.
Browse more detail information about this report visit at at https://www.transparencymarketresearch.com/real-time-locating-system-market.html
On the basis of architecture, the market for RTLS has been segmented into hardware and software. Hardware includes RTLS tags and computer systems among others. The software segment is expected to maintain its fast growth pace, during the forecast period. On the basis of connective technology, the market is segmented into four segments. They are Bluetooth Low Energy (BLE), Wi-Fi, infrared and others. BLE is expected to be the fastest growing segment, during the forecast period. By end use industry, the market has been segmented into healthcare, retail, transportation & logistics, manufacturing and others. The global market for RF RTLS, by region, has been segmented into five major regions. They are North America, Europe, Asia Pacific (APAC), South America and Middle-East & Africa (MEA). North America had the largest market share in 2016, owing to growing applications of RTLS across different industry verticals.
The major companies of the RTLS market globally are Kontact.io, Inc. (The U.S.), CenTrak, Inc. (The U.S.), and Versus Technology, Inc. (The U.S.) among various other companies.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
Request For Custom Research At https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=23558&source=atm
The study is a source of reliable data on: Market segments and sub-segments Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological breakthroughs Value chain and stakeholder analysis
The regional analysis covers: North America (U.S. and Canada) Latin America (Mexico, Brazil, Peru, Chile, and others) Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg) Eastern Europe (Poland and Russia) Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand) Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report: A complete backdrop analysis, which includes an assessment of the parent market Important changes in market dynamics Market segmentation up to the second or third level Historical, current, and projected size of the market from the standpoint of both value and volume Reporting and evaluation of recent industry developments Market shares and strategies of key players Emerging niche segments and regional markets An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Request for TOC of This Report visit at https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=23558&source=atm