Real-Time Location Systems (RTLS) Market to grow by USD 13.83 billion from 2022 to 2027, Growth Driven by the growing use of RTLS tags in the healthcare sector- Technavio
NEW YORK, Sept. 19, 2023 /PRNewswire/ -- The "real-time location systems (RTLS) market by application (healthcare, transportation, and logistics, retail, government, and others), solution (systems and tags), and geography (North America, Europe, APAC, South America, and the Middle East and Africa) - Forecast and Analysis 2023-2027" report has been added to technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the real-time location systems (RTLS) market from 2022 to 2027 is USD 13.83 billion, according to Technavio. The growing use of RTLS tags in the healthcare sector is a key factor driving market growth. Many hospitals are implementing RTLS tags to improve healthcare operations and profitability. RFID tags have many applications. RTLS is used to quickly find devices such as wheelchairs, ventilators, oxygen tanks, hospital beds, and infusion pumps in asset management. Additionally, hospitals use RTLS tags to observe sensitive equipment, violent patients, and hospital staff, including doctors and nurses. They also keep track of surgical instruments and other reusable medical devices with an RTLS solution that automates aseptic handling. This process includes cleaning, sterilizing; and distributing medical equipment, surgical and dental instruments, and essential supplies. Hence, these factors are expected to drive market growth during the forecast period. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here
The lack of well-defined RTLS technology standards is a significant challenge restricting market growth.
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The real-time location systems (RTLS) market has been segmented by application (healthcare, transportation, logistics, retail, government, and others), solution (systems and tags), and geography (North America, Europe, APAC, South America, and the Middle East and Africa)
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Key Companies in the real-time location systems (RTLS) market:
AiRISTA Flow Inc., Alien Technology LLC, General Electric Co., Halma Plc, Identec Group AG, Impinj Inc., Inpixon, Leantegra Inc., Litum Technologies Inc., Mojix Inc., Oracle Corp., Qorvo Inc., Savi Technology Inc., Securitas AB, Silicon Laboratories Inc., Sonitor Technologies AS, TeleTracking Technologies Inc., Tracktio Group SL, Ubisense Ltd., and Zebra Technologies Corp.
The location-based services (LBS) market size is estimated to grow at a CAGR of 26.22% between 2022 and 2027. The market size is forecast to increase by USD 167.69 billion. This location-based services (LBS) market report extensively covers market segmentation by component (hardware, software, and services), type (outdoor and indoor), and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The market size is forecast to increase by USD 167.69 billion. The rise in demand for personal and enterprise navigation services is driving market growth.
The virtual customer premises equipment (vCPE) market size is estimated to grow at a CAGR of 40.77% between 2022 and 2027. The market size is forecast to increase by USD 13,106.69 million. This virtual customer premises equipment (vCPE) market report extensively covers market segmentation by end-users (large enterprises and SMEs), deployment (on-premises and cloud), and geography (North America, Europe, APAC, South America, and Middle East and Africa). Efficient deployment of managed services is the key factor driving the growth of the market.
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Solution
Market Segmentation by Geography
Drivers, Challenges, & Trends
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