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 />
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<strong>RTLS</strong> <strong>Market</strong> Segmentation<br />
Global <strong>RTLS</strong> market is segmented on the basis <strong>of</strong> verticals, technologies <strong>and</strong> regions. On<br />
the basis <strong>of</strong> verticals, the market is sub-segmented <strong>in</strong>to various <strong>in</strong>dustrial verticals, such<br />
as Logistics & transportation, <strong>in</strong>dustrial manufactur<strong>in</strong>g <strong>and</strong> process<strong>in</strong>g, healthcare, retail,<br />
government & defence, education, hospitality <strong>and</strong> others. Out <strong>of</strong> all these verticals,<br />
<strong>in</strong>dustrial manufactur<strong>in</strong>g <strong>and</strong> process<strong>in</strong>g vertical is expected to dom<strong>in</strong>ate throughout<br />
forecast<strong>in</strong>g period.<br />
On the basis <strong>of</strong> technology, the market is sub-segmented <strong>in</strong>to various wireless<br />
communication technologies such as WiFi, RFID, ultrasound, <strong>in</strong>frared <strong>and</strong> ZigBee<br />
communication. Amongst all technologies RFID technology is lead<strong>in</strong>g the Global <strong>RTLS</strong><br />
market with highest market revenue. It is ma<strong>in</strong>ly because <strong>of</strong> enhanced features <strong>of</strong> RFID<br />
technology, such as low ma<strong>in</strong>tenance cost, high accuracy <strong>and</strong> long battery life as<br />
compared to other wireless communication technologies such as WiFi. However, WiFi<br />
technology also provides some benefits, such as ease <strong>of</strong> deployment which is really<br />
beneficial for organizations with exist<strong>in</strong>g WiFi network. Latest technologies like ZigBee,<br />
are show<strong>in</strong>g high market potential because <strong>of</strong> its extended battery life <strong>and</strong> high accuracy.
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