Dallas,TX (PRWEB) December 07, 2014
The increasing use of real-time location system (RTLS) in healthcare domain has led to the growth of the global market for real-time location system. The global real-time location system market is expected to grow at a compound annual growth rate of 37.41% during the time period from 2015 to 2019. For smoother functioning, equipment location and asset management, hospitals worldwide are using real-time location system. Real time location system uses technologies such as Bluetooth, RFID, GPS, Wi-Fi, and UWB to track the location of objects. Real-time location system market is becoming increasingly popular even outside the healthcare sector as it enables better asset tracking, which in turn aids in reducing cost and increasing operational efficiency. RLTS is used in different sectors such as supply chain management, postal and courier services, military, retail, government recreational organizations, and healthcare.
Key players in the global market for real-time location system are Hewlett-Packard, Zebra Technologies, Intelleflexeteteeee, Ekahau, Samsung Network (Samsung SDC), AeroScout (Stanley Healthcare Solutions) and Ubisense Group. Other important vendors in the market are GE Healthcare, RF Technologies, IBM, ThingMagic, Savi Technology, PINC Solutions, Essensium, Versus Technology, Teletracking Technologies, TagSense, Sewio, Sonitor Technologies, Radianse, Plus Location Systems, Mojix, Identec Solutions, Intelligent Insites, Elpas, BeSpoon, Awarepoint, and Axcess International. The global real-time location system market can be segmented on the basis of verticals and solutions. On the basis of solutions, the market can be segmented into systems and tags. On the basis of verticals, the market can be segmented into healthcare, retail, transportation, retail and others. Real-time location system provides a number of applications such as inventory tracking, personal tracking, navigation, fleet tracking, network security, and asset tracking. High implementation cost of real-time location system is one of the biggest challenges in the global real-time location system market.
One of the emerging trends in the global RLTS market is the use of data analytics software in healthcare. Data analytics software is helpful in extracting large datasets and obtaining real-time information about medical equipment. This enables hospitals to gain better insights, thereby helping them make better decisions about maintaining medical facilities and equipment.
The report Global Real-time Location System Market 2015-2019 is an in-depth and professional report that covers market size, growth rate, key market trends, product offerings, drivers and their impact, market challenges, opportunities and threats, key vendors, and strengths and weaknesses of key vendors.
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List of Exhibits:
Exhibit 1: Market Research Methodology
Exhibit 2: Global RTLS Market: Market Overview
Exhibit 3: Global RTLS Market 2014-2019 (US$ million)
Exhibit 4: Global RTLS Market by Solutions 2014
Exhibit 5: Global RTLS Market by Solutions 2014-2019 (US$ million)
Exhibit 6: Global RTLS Market by Systems 2014-2019 (US$ million)
Exhibit 7: Global RTLS Market by Tags 2014-2019 (US$ million)
Exhibit 8: Market Share of Verticals in Global RTLS Market 2014
Exhibit 9: Global RTLS Market by Verticals 2014-2019 (US$ million)
Exhibit 10: Global RTLS Market by Transportation Vertical 2014-2019 (US$ million) and more.
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One of the main drivers in this market is the increased adoption of RTLS in the Healthcare industry. Most of the healthcare organizations use RTLS solutions for asset management as well as to quickly locate equipment such as hospital beds, wheelchairs, ventilators, oxygen cylinders, and infusion pumps. They also use RTLS solutions for employee monitoring, through which they organize the hospital management system.
Key players in RTLS Market in North America: AeroScout (Stanley Healthcare), Ekahau, HP Enterprise Services, Samsung Network (Samsung SDC), Ubisense Group , Zebra Technologies, ContainerTrac, Identec Solutions, Intelleflex, PINC Solutions, Savi Technology (acquired by LaSalle Capital) and Tagsense.
One of the emerging trends in this market is an increase in the use of LBS for public safety and national security. Most government organizations and security agencies use this platform to trace the location of emergency callers. Hence, increased use of LBS for public safety and national security services is expected to propel the market growth during the forecast period of 2013-2018.
Key players in the Global LBS Platform Market: AdNear, Foursquare Labs, Google Inc., HERE, Jiepang API and TeleCommunications Systems, Inc.
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