Sep 20, 2023

News provided by Share this article Share toX 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 Market Challenge The lack of well-defined RTLS technology standards is a significant challenge restricting market growth. 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) The market share growth by the healthcare segment will be significant during the forecast period. There has been a significant increase in patient monitoring and asset tracking in hospitals due to benefits such as low cost and real-time tracking provided by RTLS, ensuring patient and asset safety. RTLS solutions are mainly used in hospitals to improve operational efficiency and reduce asset monitoring costs. For example, Stanley Healthcare has integrated Tableau Software's visual data analytics software with Wi-Fi RTLS. Additionally, the system allows hospitals to monitor infusion pump levels so they can be refilled. Hence, these factors are expected to drive segment growth during the forecast period. View the FREE Sample Report for insights into the contribution of all the segments and regional opportunities in the report. 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. Related Reports: 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. Real-Time Location Systems (RTLS) Market Scope Report Coverage Key companies profiled 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. Market dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. ToC: About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts