DUBLIN--(BUSINESS WIRE)--The "Real-Time Locating Systems (RTLS) Market by Offering (Hardware, Software, Services), Technology (RFID, W-Fi, UWB, BLE), Vertical (Healthcare, Manufacturing, Retail, Education, Govt, Sports), Application/Use case & Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The RTLS market is expected to grow from USD 3.19 billion in 2018 to reach USD 8.79 billion by 2023, growing at a CAGR of 22.5% during the forecast period.
The emergence of innovative startups, market competitiveness, and availability of customized solutions; high return on investment; regulatory compliance across industries including healthcare, oil & gas, mining, education, and manufacturing are the factors driving the growth of the RTLS market. Concerns regarding data security and privacy; unsatisfactory results and negative feedback from RTLS end users; and the high cost of acquisition and maintenance would be the major factors restraining the market growth.
Wi-Fi-based RTLS solutions have dominated the global RTLS market, in terms of size, with its applications in several industries such as healthcare, retail, logistics, and manufacturing. During the forecast period, Wi-Fi-based RTLS solutions have growth potential and expansion capacity in new and emerging RTLS applications in education, sports and entertainment, hospitality, communications, and corporate sectors as Wi-Fi-based RTLS solutions can be deployed in the already existing LAN infrastructure, which reduces efforts as well as cost required for setting new infrastructure.
Healthcare has been the major industry for RTLS solutions and is expected to continue to hold a major share during the forecast period. The largest market share of the healthcare vertical is attributed to the early adoption of RTLS-based solutions for a wide range of healthcare applications such as tracking and monitoring assets, personnel, and patients; hand hygiene compliance; and environmental monitoring.
Several hospitals across the world spend a huge amount on buying lost equipment and looking after medical equipment and people (staff and patients). These factors, along with the growth of IoT in healthcare, have led to a huge market opportunity for RTLS solutions in healthcare industry.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Global RTLS Market, By Offering
8 Global RTLS Market, By Technology
9 RTLS Market, By Application/Use Case
10 Global RTLS Market, By Vertical
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
- Stanley Healthcare
- Zebra Technologies
- Aruba Networks (Hp Enterprise)
- Savi Technology
- Teletracking Technologies
- Ubisense Group
- Identec Group
- Alien Technology
- Redpine Signals
- Visible Assets
- Litum Technologies (Litum IoT & Sanitag)
- Cerner Corp.
- Ge Healthcare
- Sonitor Technologies
For more information about this report visit https://www.researchandmarkets.com/research/wmnpfw/realtime?w=4