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Global RTLS Market Growth at CAGR of 46.47%, 2017-2021: Key Vendors are AiRISTA, HP, Stanley Healthcare, Ubisense & Zebra - Research and Markets

[March 28, 2017]

Global RTLS Market Growth at CAGR of 46.47%, 2017-2021: Key Vendors are AiRISTA, HP, Stanley Healthcare, Ubisense & Zebra - Research and Markets

Research and Markets has announced the addition of the "Global RTLS Market 2017-2021" report to their offering.

The global RTLS market to grow at a CAGR of 46.47% during the period 2017-2021.

The report covers the present scenario and the growth prospects of the global RTLS market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of RTLS. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The RTLS is technology is used to find, track, manage, and identify the geographical position of a target on a real-time basis. This is done with the help of nodes or tags and readers. Nodes or tags are embedded in smartphones or navigational devices, through which a user can easily track an object.

According to the report, RFID tags are broadly used across numerous sectors, such as logistics, automotive, construction, mining, oil and gas, retail, healthcare, sports, and education, for asset tracking and workforce management. These tags help sectors to enhance its efficiency and effectiveess of various operations. The cost of RFID tags is declining exponentially due to the increase in its adoption rate and competition among vendors in the industry. In 2014, the price of RFID tags had declined to 30%-40% as compared with the cost in 2012.

Key vendors