Global Real-Time Locating System (RTLS) Market 2019-2024 - Rise of Digital Manufacturing & Integration of RTLS with Blockchain Technology
DUBLIN, May 2, 2019 /PRNewswire/ -- The "Real-Time Locating System (RTLS) Market - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
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The global RTLS market is expected to grow at a CAGR of 22.2% during the forecast period 2018-2024.
The market is driven by various factors including increasing importance to improve operational performance across the value chain, expanding analytics solutions coupled with a rising focus on smart workflow optimization, and consistent demand for RTLS in healthcare settings.
However, data security, privacy concerns, and high initial cost along with complexity in integrating with the existing infrastructure are the key factors identified as restraints which are likely to deter the progression of the global RTLS market. Additionally, other driving factors such as the rise of digital manufacturing, integration of RTLS with blockchain technology, and proliferation of IoT solutions across industries is anticipated create new business opportunities for vendors present in the global RTLS Market.
Market Revenue and Segmentation Analysis:
The global RTLS market is segmented on the basis of component, technology, industry vertical, region & country. In terms of technology, the market is segmented into WiFi, UWB, RFID, Infrared (IR), Ultrasound, Bluetooth, GPS, and Others. Among other technology segments, the UWB segment is identified as the fastest growing segment and is expected to contribute more than 25% market share by 2024, anticipated to register a growth rate of 28.7% CAGR during the forecast period. By component, the market is segmented into hardware, software, and services. By industry vertical, the RTLS market is segmented into Healthcare, Retail, Transportation & Logistics, Manufacturing, Government, Education, Sports & Entertainment, Oil & Gas, and Others.
Regional Analysis:
In 2017, the Americas was the dominant region in the global RTLS market followed by Europe. Furthermore, Asia Pacific is identified as the fastest growing region in the RTLS market, i.e., growing at a CAGR of 28.6% during the forecast period 2018-2024. This is mainly due to increasing adoption of digital technologies across various industries to eliminate manual process and investments on asset management solutions by organizations across various industry verticals.
Key Topics Covered:
1. Executive Summary
2. Industry Outlook
2.1 Industry Snapshot
2.1.1 Industry Overview
2.1.2 Industry Trend
2.1.2.1 Increasing adoption Big data and cloud computing fueling the growth of RTLS market
3. Market Snapshot
3.1 Overview
3.1.1 PEST Analysis
3.1.2 Porter's Five Force Analysis
3.2 Related Markets
4. Market Characteristics
4.1 Market Distribution Structure
4.2 Market Trends
4.3 Market Segmentation
4.4 Market Dynamics
4.4.1 Drivers
4.4.1.1 Increasing importance to improve operational performance across the value chain
4.4.1.2 Expanding analytics solutions coupled with a rising focus on smart workflow optimization
4.4.1.3 Consistent demand for RTLS in healthcare settings
4.4.2 Restraints
4.4.2.1 Data security and privacy concerns
4.4.2.2 High Initial cost along with complexity in integrating with the existing infrastructure
4.4.3 Opportunities
4.4.3.1 Rise of Digital Manufacturing
4.4.3.2 Integration of RTLS with Blockchain technology
4.4.4 DRO - Impact Analysis
5. RTLS Market, By Technology
5.1 Overview
5.2 WiFi
5.3 UWB
5.4 RFID
5.5 Infrared (IR)
5.6 Ultrasound
5.7 Bluetooth
5.8 GPS
5.9 Others
6. Global RTLS Market, By Component
6.1 Overview
6.2 Hardware
6.3 Software
6.4 Services
7. Global RTLS Market, By Industry Vertical
7.1 Overview
7.2 Healthcare
7.3 Retail
7.4 Transportation & Logistics
7.5 Manufacturing
7.6 Government
7.7 Education
7.8 Sports & Entertainment
7.9 Oil & Gas
7.10 Others
8. Global RTLS Market, By Region
9. Competitive Landscape
9.1 Product/Offerings Portfolio Analysis
10. Vendor Profiles
10.1 Zebra Technologies Corporation
10.2 Stanley Black & Decker, Inc. (STANLEY Healthcare)
10.3 Hewlett Packard Enterprise Development LP (Aruba Networks)
10.4 Airista Flow, Inc.
10.5 Siemens AG
11. Companies to Watch for
11.1 Sonitor Technologies
11.2 CenTrak
11.3 Sewio Networks, s.r.o.
11.4 Midmark Corporation.
11.5 Litum Technologies
For more information about this report visit https://www.researchandmarkets.com/r/es21s5
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