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Real-Time Location System Market to Reach $23.13 Bn, Globally, by 2026 at 30.2% CAGR: Allied Market ResearchRise in need for asset tracking, increase in use of smartphones, diverse utility across applications, and surge in adoption of business analytics solutions drive the growth of the global real-time location system market. PORTLAND, Ore., Nov. 12, 2020 /PRNewswire/ -- Allied Market Research published a report titled, "Real-time Location System Market by Component (Hardware, Software, and Services), Technology (Ultra-Wideband (UWB), Wi-Fi, RFID, ZigBee, Infrared, and Other), and Industry Vertical (Transportation & Logistics, Healthcare, Retail, Manufacturing & Processing, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026." According to the report, the global real-time location system industry was estimated at $2.83 billion in 2018, and is expected to hit $23.13 billion by 2026, registering a CAGR of 30.2% from 2019 to 2026.  Drivers, restraints, and opportunities Rise in need for asset tracking, increase in use of smartphones, diverse utility across applications, and surge in adoption of business analytics solutions drive the growth of the global real-time location system market. On the other hand, high initial costs and several operational challenges impede the growth to some extent. However, technological advancements and blend of technologies by key vendors to offer effective RTLS applications are anticipated to usher a number of opportunities, in the near future. Download Report Sample (150 Pages PDF with Insights) @ https://www.alliedmarketresearch.com/request-sample/1931 COVID-19 scenario
Get detailed COVID-19 impact analysis on the real-time location system market: https://www.alliedmarketresearch.com/request-for-customization/1931 The hardware segment to maintain the lion's share by 2026 Based on component, the hardware segment contributed to around two-fifths of the global real-time location system market share in 2018, and is expected to rule the roost by the end of 2026. Abundant availability ofaffordably priced sensors, growth in awareness regarding benefits of RTLS technology, increase in adoption of Wi-Fi across various end user industries, deployment of existing RTLS across a number of industries are expected to boost the growth of this segment. The service segment, on the other hand, would grow at the fastest CAGR of 31.3% throughout the forecast period. Increase in adoption of RTLS hardware and platforms is expected to boost the demand for these services. The RFID segment to dominate during the estimated period Based on technology, the RFID segment accounted for nearly one-third of the real-time location system market revenue in 2018, and is anticipated to lead the trail till 2026. RFIDs include enhanced features such as low maintenance cost, high accuracy, and long battery life as compared to other wireless communication technologies such as Wi-Fi. This factor has driven the segment growth. Simultaneously, the ultra-wideband segment would register the fastest CAGR of 31.9% during the study period. High precision, low interference with other signals, usability in both outdoor and indoor environments, and acceptable operating range fuel the growth of the segment. For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/1931 North America to dominate in terms of revenue Based on geography, North America held the largest share in 2018, generating nearly one-third of the global real-time location system market. Accessibility of RTLS solution on mobile devices such as smartphones and tablets drives the growth of the market in North America. At the same time, Asia-Pacific would grow at the fastest CAGR of 31.6% by 2026. This is attributed to increase in demand for fast-internet connectivity in this region. Frontrunners in the industry
Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements. Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter Similar Reports: Environmental Monitoring Market Expected to Reach $ 29.234 billion by 2026 IoT Integration Market - Global Opportunity Analysis and Industry Forecast, 2019–2026 Predictive Analytics Market - Global Opportunity Analysis and Industry Forecast, 2020-2027 Smart Building Market - Global Opportunity Analysis and Industry Forecast, 2020-2027 About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: David Correa Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg 
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