Real-time Location Systems Market Set to Hit USD 26.97 Billion By 2030: 26.1% CAGR Boost

The real-time location systems market size is projected to be valued at USD 3.81 billion in 2021 and is expected to rise to USD 26.97 billion by 2030. The market is expected to register a CAGR of 26.1% during the forecast period from 2022 to 2030. Various factors propelling the demand for real-time location systems include:

● The market for real-time location systems is anticipated to increase as a result of factors such as the growing acceptance of cost-effective solutions, asset tracking, and other location-based smartphone apps.
● Real-time location systems in the healthcare industry are also being driven by significant advancements in Wi-Fi, the Internet of Things, and RFID, among other technologies.
● Real-time location system (RTLS) providers are forced to provide application-specific tailored products at competitive pricing as a result of increased market rivalry.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐰𝐢𝐭𝐡 𝐀𝐧 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐋𝐨𝐨𝐤 𝐚𝐭 𝐭𝐡𝐞 𝐋𝐚𝐭𝐞𝐬𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐔𝐩𝐜𝐨𝐦𝐢𝐧𝐠 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭𝐬: https://www.polarismarketresearch.com/industry-analysis/real-time-location-systems-market/request-for-sample

𝐖𝐡𝐚𝐭 𝐀𝐫𝐞 𝐑𝐞𝐚𝐥-𝐭𝐢𝐦𝐞 𝐋𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐒𝐲𝐬𝐭𝐞𝐦𝐬?

Real-time tracking systems are another name for real-time location systems or RTLSs. It is employed to track and automatically identify an object's or person's location in real-time. Strong goods for real-time location systems are utilized in the rapidly expanding fields of supply chain management (SCM), healthcare, retail, postal, and courier services. Usually, it is integrated into devices like cell phones and GPS units. Finding the products is crucial, and creating an effective supply chain is simple.

𝐓𝐨𝐩 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬:

In this extremely competitive industry, major rivals constantly innovate and differentiate their products in an effort to take the lead in the market. Some of the leading companies in the real-time location systems market:

• AeroScout Inc
• AiRISTA Flow
• Alien Technology
• Aruba Networks
• Awarepoint Corporation (Centrak Inc)
• BlueIOT
• CenTrak Healthcare company
• Decawave
• Ekahau Inc
• GE Healthcare
• Identec Group AG
• Impinj
• Litum Technologies
• OpenRTLS
• Redpine Signals
• Savi Technology
• Sonitor
• TeleTracking Technologies Inc
• Ubisense Group PLC
• Zebra Technologies

𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐓𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭: https://www.polarismarketresearch.com/buy/1209/2

𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬

1. Increasing Demand for Asset Tracking:
• Industries such as healthcare, manufacturing, and logistics are increasingly adopting RTLS for efficient asset management and tracking, reducing losses, and optimizing utilization.

2. Enhancement of Safety and Security:
• RTLS solutions are being used to improve safety and security in workplaces, especially in high-risk environments like mining, oil and gas, and healthcare, by tracking personnel and ensuring compliance with safety protocols.

𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬

Integration with IoT and AI:
• The integration of RTLS with IoT devices and AI technologies can provide more intelligent and autonomous systems, offering enhanced data analytics, predictive maintenance, and automated decision-making capabilities.

Adoption in New Sectors:
• New sectors such as sports, entertainment, and hospitality are beginning to adopt RTLS for various applications, including crowd management, player tracking, and enhancing guest experiences.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/real-time-location-systems-market

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐁𝐫𝐞𝐚𝐤𝐝𝐨𝐰𝐧:

The real-time location systems market is mainly segmented based on offering, technology, application, vertical, and region. Based on the application analysis, the supply chain management and operational automation/visibility category is predicted to be the largest revenue contributor in the worldwide market. RTLS technologies are well-known for detecting inventory in warehouses and supply chains. RTLS technologies enable supply chain dynamics.

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

Polaris Market Research
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Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

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