New Market Research Report: Global RTLS Market 2016-2020

This industry research report covers the growth prospects of the global RTLS market based on solutions and sectors like transportation, healthcare, government, retail, and others. The market shares for key geographies include the US, RoA, Western Europe, APAC, and RoW. It also includes an insightful analysis of the leading vendors in this market, including AeroScout, CSR, Ekahau, HP, Intelleflex, Samsung, Ubisense, and Zebra Technologies.

Market overview of RTLS
A real-time location system (RTLS) is the technology used to find, track, manage, and identify the geographical location of a target on a real-time basis with the help of nodes or tags and readers. The global market for RTLS is expected to exhibit strong growth during the forecast period and is positively affected by the continuous pressure on companies to enhance their operational efficiency. This constant pressure on companies to increase their profit margins and enhance customer satisfaction is a critical factor that results in this market's profound CAGR of nearly 48% by 2020.

Full Report Details at
- http://www.fastmr.com/prod/1073137_global_rtls_20162020.aspx?afid=301

Technavio's market research analysts estimate eminent factors, such as the augmented use of RTLS tags in hospitals, to drive market growth during the forecast period. In the healthcare sector, RTLS tags can be used for various asset management purposes like locating hospital beds, wheelchairs, ventilators, oxygen cylinders, and infusion pumps. Additionally, the ability of these tags to monitor sensitive equipment, violent patients, and hospital staff is a significant factor that is expected to bolster its adoption during the forecast period.

Segmentation of the global RTLS market by solutions

* Tags
* Systems

In this market study, analysts estimate the systems segment to account for a market share of more than 62% by 2020. The prospects for growth in this segment are driven by the augmented adoption of RTLS by government organizations as well as by various industries like healthcare, retail, oil and gas, and manufacturing.

Segmentation by verticals/sectors and analysis of the RTLS market

* Transportation
* Healthcare
* Government
* Retail

Technavio's market research analyst estimates the others segment to be the largest market segment during the forecast period. This segment consists of sectors like oil and gas, engineering, automotive, mining, education, and electronics. The extensive use of RTLS solutions for yard management, batch tracking, location-based services, container tracking, and hazardous material tracking is expected to incite market growth in this segment during the forecast period.

Geographical segmentation of global RTLS market

* US and RoA
* Western Europe and RoW
* APAC

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