Real-Time Location System (RTLS) market is worth USD 1.04 billion in 2016 and is expected to reach USD 5.43 billion by 2022, at a CAGR of 31.6% from 2016 to 2022.

Chicago, IL -- (SBWire) -- 05/17/2017 --According to the new market research report, "Real-Time Location System (RTLS) Market, by Type (Hardware, Software, Service), Technology (RFID, Wi-Fi, Ultrasound, Infrared, ZigBee, UWB), Industry (Healthcare, Transportation & Logistics, Process Industries, Hospitality, Defense, Retail, Education) - Global Revenue, Trends, Growth, Share, Size and Forecast to 2022", published by Scalar Market Research, the global real-time location systems (RLTS) market is expected to grow at an impressive CAGR of 31.60% from 2016 to 2022. At the estimated growth rate, the real-time location system (RTLS) market is expected to grow from USD 1.04 billion in 2016 to USD 5.43 billion in the year 2022.

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The global real-time location systems (RTLS) market report offers in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key players, premium insights, technology trends and forecast to 2022. It also focuses on the key drivers and opportunities in this market.

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Key findings of the report:

1. The growing emphasis on improving supply chain and productivity is expected to be one of the strongest driving factors for the global real-time location system (RTLS) market.

2. Apart from that, the growing emphasis on reducing the inventory turnover time and facilitating efficient movement of logistics in the organizations are also expected to be some of the major driving factors for the growth of the real-time location system (RTLS) market during the forecast period.

3. The growing adoption of the cloud-based deployment model in RTLS solutions and the rising demand from various end-user industries are also expected to play a crucial role in the overall development of the global real-time location system (RTLS) market in the years to come.

Services projected to be the fastest-growing type segment in the RTLS market

According to the report, the services segment is expected to dominate the global real-time location system (RTLS) market, based on the growth rate. It is expected to grow at the fastest rate during the forecast period, due to the rising demand from various end-user industries and the rapid technological advancements. The hardware segment, on the other hand, is expected to hold the largest share in the type segment of the market.

North America anticipated to be the largest geographic segment

According to the report, North America is expected to be the largest geographic segment in the global real-time location system (RTLS) market, based on revenue. The region is expected to hold the largest market share during the forecast period. The Asia-Pacific region, on the other hand, is anticipated to grow at the fastest growth rate during the forecast period. The growth of this market in the developing regions is attributed to the rising demand of the RTLS from various end-users.

Key Benefits of the Report:

1. The report presents an in-depth analysis of the real-time location system (RTLS) market while focusing on the existing and future trends to highlight the key growth areas and investment pockets of the market.

2. The report focuses on the in-depth analysis of the major drivers, restraints, challenges, and opportunities for the global real-time location system (RTLS) market.

3. The report provides valuable insights into the key technological and market trends expected to impact the real-time location system (RTLS) market during the forecast period.

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The real-time location system (RTLS) market report provides analysis of the key players, including:

1.Zebra Technologies Corporation
2.Stanley Healthcare
3.Savi Technology, Inc.
4.Teletracking Technologies, Inc.
5.Ubisense Group
6.AiRISTA Flow
7.Identec Group AG
8.Centrak Inc.
9.Awarepoint Corporation

About Scalar Market Research:
Scalar Market Research, Inc. is a Chicago, U.S.-based market research and consulting firm that serves Fortune 1000 companies, leading businesses, and upcoming organizations from around the world to help them achieve their business goal of sustainable revenue growth, utilizing Scalar's premium market research reports and consulting services to make critical strategic decisions.

Our real-time industry data tracking, with the help of advanced analytics and machine learning, offers our clients highly accurate 360-degreeperspective of key developments in niche markets. Our team of industry experts, with a thorough understanding of the global markets and cumulative industry experience spanning 100+ years, works relentlessly to help our clients realize their most important business goals.

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