Global Real Time Locating System Market is valued USD 2 billion in 2016 is anticipated to grow USD 12.24 billion with the compounded annual growth of 22.30 % over the forecast period 2017-2025.
New York 19 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Real Time Locating System Market industry is poised to raise USD 12.24 billion by 2025. Hardware, Software, & Services are the main Offerings of Global Real Time Locating System Market . End Applications market is further segmented at the regional level. Regional penetration for each Application is derived from the macroeconomic factors such as Per-capita Income size, GDP, & International trade The regional level applications are further segmented into End user based on their usage in respective applications..
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The industry is seems to be fairly competitive Some of the key manufacturers involved in the market are – Zebra Technologies, Aruba Networks (Hp Enterprise), Impinj,,Savi Technology, Kuster, Teletracking Technologies, Ubisense Group, Airista, Awarepoint, &Tracktio.. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players. Additionally, the fierce competitiveness has made these players spend in product developments to improve the customer’s requiging market trendrements.
Key findings of the study:
- Availability of customized solutions and high return on investment are the factors driving the growth of RTLS market.
- Concerns regarding data security and privacy is the major factors restraining the market growth
- Regulatory compliance
Bizwit Research & Consulting LLP has considered following segments for the study:
By Offerings :
- Environmental Monitoring
- Yard, Dock, Fleet, & Warehouse – Management & Monitoring
- Supply Chain Management
- Transportation & Logistics
- Government & Defense
- Oil, Gas &Mining
- Sports & Entertainment
- North America
- Asia Pacific
- Latin America
- Rest of the World