DUBLIN, Mar 31, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global RTLS Market 2017-2021" report to their offering.
The global RTLS market to grow at a CAGR of 46.47% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global RTLS market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of RTLS. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The RTLS is technology is used to find, track, manage, and identify the geographical position of a target on a real-time basis. This is done with the help of nodes or tags and readers. Nodes or tags are embedded in smartphones or navigational devices, through which a user can easily track an object.
According to the report, RFID tags are broadly used across numerous sectors, such as logistics, automotive, construction, mining, oil and gas, retail, healthcare, sports, and education, for asset tracking and workforce management. These tags help sectors to enhance its efficiency and effectiveness of various operations. The cost of RFID tags is declining exponentially due to the increase in its adoption rate and competition among vendors in the industry. In 2014, the price of RFID tags had declined to 30%-40% as compared with the cost in 2012.
Further, the report states that despite numerous advantages, RTLS also brings challenges to its enterprise users. The implementation of RTLS is expensive because of its high initial deployment cost. This will prompt manufacturers to opt for low-cost technologies such as barcode systems. The cost of RTLS includes expenses involved in planning and design, cabling, software licenses, and location hardware such as signposts and readers. A full-fledged implementation of RTLS in a large manufacturing company costs between $10 million and $30 million. This initial cost varies from industry to industry.
- STANLEY Healthcare
Other prominent vendors
- Convergence Systems
- GE Healthcare
- Identec Solutions
- Intelligent Insites
- Kinexon Precision Technologies
- PINC Solutions
- Plus Location Systems
- RF Technologies
- Sonitor Technologies
- Teletracking Technologies
- Tyco Security Products
- Versus Technology
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Five forces analysis
Part 07: Market segmentation by solution
Part 08: Market segmentation by application
Part 09: Geographical segmentation
Part 10: Market drivers
Part 11: Impact of drivers
Part 12: Market challenges
Part 13: Impact of drivers and challenges
Part 14: Market trends
Part 15: Vendor landscape
Part 16: Key vendor analysis
Part 17: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/fl3frr/global_rtls
Laura Wood, Senior Manager
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SOURCE Research and Markets