RTLS Market in North America 2015-2019
RTLS is the technology used to find, track, manage, and identify the geographical position of a target on real-time basis. It can track the location of objects in real time with the help of nodes or tags and readers. Nodes or tags are embedded in smartphones or navigational devices by which a user can easily track an object. A reader is used to receive wireless signals from the tags by which an object can be located. RTLS works in technologies such as GPS, UWB, Bluetooth, Wi-Fi, and RFID to track the location of objects. RTLS has found application in many sectors such as Healthcare, Military, Supply Chain Management, Retail, Government, Recreation Organizations, and Postal and Courier Services. RTLS provides numerous applications such as fleet tracking, personal tracking, network security, navigation, inventory, and asset tracking. These valuable applications provided by RTLS help the Healthcare industry, government organizations, and SMEs to improve their efficiency and reduce costs considerably.
TechNavio's analysts forecast the RTLS market in North America to grow at a CAGR of 27.08 percent over the period 2014-2019.
Covered in this Report
The RTLS market in North America can be segmented on two basis: Solutions and Verticals. On the basis of solutions, it is classified into two major categories: Systems and Tags. On the basis of Verticals, it is classified into five major categories: Transportation, Healthcare, Government, Retail, and Other Industries.
TechNavio's report, RTLS Market in North America 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It also covers the landscape of the RTLS market in North America and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.Key Vendors
TechNavio Announces the Publication of its Research Report – RTLS Market in North America 2015-2019
TechNavio recognizes the following companies as the key players in the RTLS Market in North America: Ekahau Inc., Hewlett-Packard (HP) Enterprise Services LLC, Intelleflex Corp., Samsung Networks Inc., Stanley Healthcare Solutions, Ubisense Group plc and Zebra Technologies Corp.
Other Prominent Vendors in the market are: Awarepoint, Axcess International, Elpas, GE Healthcare, IBM, Intelligent Insites, Mojix, PINC Solutions, Plus Location Systems, Radianse, RF Technologies, Savi Technology (acquired by LaSalle Capital), Sonitor Technologies, TagSense, Teletracking Technologies, ThingMagic (Trimble Navigation) and Versus Technology.
Commenting on the report, an analyst from TechNavio’s team said: “One key trend emerging in the market is the increased use of analytics in the healthcare domain. Most hospitals are incorporating data analytics software to track par levels of infusion pumps, perform real-time tracking of temperature levels of refrigerators used in medical facilities, and monitor patients. This helps hospital staff to extract large datasets and obtain real-time information to gain better insights, aiding them in making better decisions on how to maintain medical equipment.”
According to the report, one of the main drivers of this market is the increased use of RTLS in the healthcare domain. Hospitals use RTLS solutions for asset management to locate equipment such as hospital beds, infusion pumps, oxygen cylinders, ventilators, and wheelchairs. Hospitals also use RTLS solutions for employee monitoring and hospital management.
Further, the report states that one of the major challenges in this market is low standards of RTLS. Technology standards for RTLS are not clear, which leads vendors to use different standards. This factor creates incompatibility among different applications that could result in high implementation costs for companies.
Ekahau , Hewlett-Packard (HP) Enterprise Services , Intelleflex , Samsung Network (Samsung SDC), Stanley Healthcare Solutions, Ubisense Group , Zebra Technologies , Awarepoint, Axcess International, Elpas, GE Healthcare, IBM , Intelligent Insites, Mojix, PINC Solutions ,Plus Location Systems, Radianse, RF Technologies, Savi Technology (acquired by LaSalle Capital), Sonitor Technologies, TagSense, Teletracking Technologies, ThingMagic (Trimble Navigation Limited), Versus Technology