Market SnapshotThe Global Real-Time Location System (RTLS) Market is Expected to grow at a 28.7% CAGR during the forecast period 2018–2028.Real-time location systems (RTLS) have applications in various industries such as healthcare, industrial manufacturing, retail, government and transportation & logistics, as these systems offers asset management, high efficiency, and enhanced workflow.
The global real-time location management systems market accounted for a market share of 1,875.2 Million in 2018 and is estimated to register a CAGR 28.7% during the forecast period 2019–2028, with a market value of 23,094.2 Million in 2028.
RTLS has shown potential to transform hospital processes such as asset temperature monitoring, bed capacity management, patient/provider workflow, patient elopement, security, and other location-dependent applications.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/8046Key PlayersThe key players of global real-time location system (RTLS) market are IBM Corporation, Zebra Technologies Corporation, STANLEY Healthcare, General Electric Company, Siemens AG, Airista Flow, Inc., Sonitor Technologies Inc., RF Technologies, Inc., IDENTEC SOLUTIONS, PLUS Location Systems USA, LLC, PINC Solutions, Radianse, Essensium, CenTrak, and TeleTracking Technologies, Inc.Market SegmentationThe global Real-Time Location System (RTLS) Market has been segmented on the basis of type, application, sales channel and region.
The global Real-Time Location System (RTLS) Market, by type, has been segmented into RFID, Wi-Fi, ultrasound, infrared, and ZigBee.The RFID segment accounted for the largest market share of USD 872.5 million in 2018 and is expected to register a CAGR of 26.7% during the forecast period.
The ultrasound segment is expected to register the highest CAGR of 31.0% during the forecast period.By application, the global real-time location system market has been segmented into healthcare, transportation and logistics, industrial manufacturing, government & defense, and retail.The healthcare sector offers a large number of applications for real-time location systems.
RTLS helps hospitals reduce inventory costs, reduce the time taken by nurses, technicians and other healthcare professionals to locate missing equipment, reduce the number of thefts of expensive medical equipment, and automate the maintenance process.