Real Time Location System (RTLS) Market size and Key Trends in terms of volume and value 2015-2025
Future Market Insights has announced the addition of the “Real Time Location System (RTLS) Market: Global Industry Analysis and Opportunity Assessment 2015-2025” report to their offering.
Future Market Insights has announced the addition of the “Real Time Location System (RTLS) Market: Global Industry Analysis and Opportunity Assessment 2015-2025” report to their offering.
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Report Description<br />
<strong>RTLS</strong> <strong>Market</strong> Overview<br />
<strong>Real</strong> time location system (<strong>RTLS</strong>) helps <strong>in</strong> identify<strong>in</strong>g <strong>and</strong> track<strong>in</strong>g geographical location <strong>of</strong><br />
objects <strong>and</strong> people automatically, <strong>in</strong> real time. Generally, <strong>RTLS</strong> is used with<strong>in</strong> build<strong>in</strong>g or facility<br />
area. In <strong>RTLS</strong> system, wireless <strong>RTLS</strong> tags or badges are attached to objects or sometimes worn by<br />
people <strong>and</strong> signals transmitted from this tags are received by one fixed reference po<strong>in</strong>ts which<br />
helps <strong>in</strong> f<strong>in</strong>d<strong>in</strong>g the exact location <strong>of</strong> that particular tag. <strong>RTLS</strong> conta<strong>in</strong>s location sensors, location<br />
readers, battery powered tags, application s<strong>of</strong>tware <strong>and</strong> network <strong>in</strong>frastructure.<br />
<strong>RTLS</strong> market share is grow<strong>in</strong>g rapidly because <strong>of</strong> enhanced capability <strong>of</strong> real time track<strong>in</strong>g <strong>in</strong><br />
different bus<strong>in</strong>ess processes. Advantages <strong>of</strong> <strong>RTLS</strong> are accuracy, <strong>in</strong>creased productivity <strong>and</strong><br />
operational excellence. <strong>RTLS</strong> provide accurate track<strong>in</strong>g <strong>of</strong> desired objects which ultimately<br />
results <strong>in</strong>to <strong>in</strong>crease <strong>in</strong> productivity. <strong>RTLS</strong> also provides some additional benefits, such as<br />
improvement <strong>in</strong> safety <strong>and</strong> security <strong>of</strong> staff, efficient <strong>and</strong> effective logistic & supply cha<strong>in</strong><br />
operations, <strong>and</strong> smooth process operations.<br />
<strong>RTLS</strong> <strong>Market</strong> Dynamics<br />
Global <strong>Real</strong> <strong>Time</strong> <strong>Location</strong> <strong>System</strong> (<strong>RTLS</strong>) market is expected show high growth <strong>in</strong> the near<br />
future. The factors which are driv<strong>in</strong>g the growth <strong>of</strong> <strong>RTLS</strong> market are <strong>in</strong>creas<strong>in</strong>g government<br />
<strong>in</strong>itiatives, heavy <strong>in</strong>vestment <strong>in</strong> <strong>RTLS</strong> technology, <strong>in</strong>creas<strong>in</strong>g applications <strong>in</strong>to various <strong>in</strong>dustries,<br />
<strong>and</strong> advanced features <strong>of</strong> <strong>RTLS</strong>. On the other h<strong>and</strong>, factors which are restra<strong>in</strong><strong>in</strong>g the market<br />
growth are high cost <strong>in</strong>volved <strong>in</strong> deployment, privacy & security concerns, <strong>and</strong> technical issues<br />
with the system. Industrial manufactur<strong>in</strong>g sector is expected to provide remarkable<br />
opportunities to <strong>RTLS</strong> market dur<strong>in</strong>g forecasted period. <strong>Market</strong> growth <strong>of</strong> <strong>RTLS</strong> is further fuelled
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