Real-Time Location Systems (RTLS) Market Zooms Towards Billion-Dollar Valuation: Estimated to Reach USD 51.28 Billion by 2030: Verified Market Research®

The "Global Real-Time Location Systems (RTLS) Market Size By Component (Hardware, Software), By Technology (RFID, Wi-Fi), By Industry (Healthcare, Manufacturing & Automotive), By Geographic Scope & Forecast, 2023-2030" report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Real-Time Location Systems (RTLS) Market, including its growth prospects, market trends, and market challenges.

JERSEY CITY, N.J. , May 16, 2023 /PRNewswire/ -- The Global Real-Time Location Systems (RTLS) Market is projected to grow at a CAGR of 26.8% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 5.13 Billion in 2021 and is expected to reach USD 51.28 Billion by the end of the forecast period.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample?rid=3741

Browse in-depth TOC on "Real-Time Location Systems (RTLS) Market"

202 - Pages
126 – Tables
37 – Figures

Real-Time Location Systems (RTLS) Market: Rising Demand for Asset Management Solutions and Cloud Services to Drive Growth

The global Real-Time Location Systems (RTLS) market is poised to experience substantial growth over the forecast period, fueled by the increasing need for asset management solutions and cloud services. RTLS finds extensive applications across diverse industries such as manufacturing, supply chain management, hospitality, healthcare, and construction, enabling real-time tracking of assets and personnel. The market encompasses two main classifications of RTLS: precision-based and proximity-based. While precision-based RTLS offers higher accuracy, it entails higher costs and investment limitations compared to proximity-based RTLS.

The market landscape is influenced significantly by the adoption of business analytics solutions, which has emerged as a key driver for the demand of real-time locating systems. Furthermore, the escalating market penetration of smart services and the growing adoption of cloud solutions have further bolstered the RTLS market. Notably, the usage of RTLS in applications like fleet tracking, personnel tracking, network security, inventory and asset tracking, and navigation is expected to contribute significantly to market growth throughout the forecast period.

Key players at the forefront of the Real-Time Location Systems (RTLS) Market include Ekahau, Inc., Ubisense Group PLC, TeleTracking Technologies, Inc., STANLEY Healthcare, Zebra Technologies, Aruba Networks, Savi Technology, AeroScout, Inc., Awarepoint, and DecaWave. These market leaders are actively implementing key development strategies such as mergers and acquisitions, partnerships, collaborations, and product launches to strengthen their market position. Additionally, market ranking analysis is utilized by these industry players to gain insights into their competitive standing, enabling informed strategic decision-making.

With the growing demand for asset management solutions and cloud services, the Real-Time Location Systems (RTLS) Market is poised for significant growth in the coming years. The increasing adoption of RTLS solutions across various industries is expected to drive substantial market expansion during the forecast period.

Based on the research, Verified Market Research® has segmented the global Real-Time Location Systems (RTLS) Market into Component, Technology, Industry, And Geography.

• Real-Time Location Systems (RTLS) Market, by Component
• Hardware
• Software
• Services
• Real-Time Location Systems (RTLS) Market, by Technology
• RFID
• Wi-Fi
• Ultra-Wideband
• Bluetooth Low Energy
• Other
• Real-Time Location Systems (RTLS) Market, by Industry
• Healthcare
• Manufacturing & Automotive
• Retail
• Transportation & Logistics
• Government & Defense
• Others
• Real-Time Location Systems (RTLS) Market, by Geography
• North America
• U.S
• Canada
• Mexico
• Europe
• Germany
• France
• U.K
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
• ROW
• Middle East & Africa
• Latin America

Browse Related Reports:

Indoor Location By Positioning Systems Market By Type (Network-Based Positioning System, Independent Positioning System), By Industry Vertical (Transportation, Retail), By Geography, And Forecast

Location-Based Services (LBS) Market By Component Type (Hardware, Software), By Application Type (Location-Based Advertising, Business Intelligence & Analytics), By Industry Vertical (Transportation & Logistics, Manufacturing), By Geography, And Forecast

GPS Tracking Device Market By Type (Industrial Robots, Machine Vision, Control Valves, Field Instruments), By Deployment Type (Commercial Vehicle, Cargo & Container), By Industry (Transportation & Logistics, Construction, Oil & Gas, Metals & Mining, Government), By Geography, And Forecast

GPS Market By Type (Automotive Telematics Systems, Consumer Devices), By Industry (Construction, Metals & Mining), By Geography, And Forecast

Top 5 Real-Time Location Systems monitoring en route assets virtually

Visualize Real-Time Location Systems (RTLS) Market using Verified Market Intelligence:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research® is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research® provides advanced analytical research solutions while offering information-enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductors & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & Construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us

Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
US Toll Free: +1 (800)-782-1768
Email: [email protected]
Web: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/1315349/Verified_Market_Research_Logo.jpg

SOURCE Verified Market Research