TechNavio recognizes the following companies as the key players in the Global Real Time Location System (RTLS) Market: AeroScout Inc. (Stanley Healthcare Solutions), Ekahau Inc., Hewlett-Packard Enterprise Services LLC., Samsung Network Inc. (Samsung SDC Co. Ltd.), Ubisense Group plc., and Zebra Technologies Corp.
Commenting on the report, an analyst from TechNavio’s team said: “The vendor landscape of the Global RTLS market has changed significantly over the last few years. This is because of the growing number of acquisitions among the top vendors and strategic alliances among the vendors to offer innovative solutions. RTLS vendors are collaborating with each other to standardize the RTLS architecture and provide benefits to both vendors and end-users. Various RTLS vendors are looking to improve the compatibility and efficiency of RTLS technology. Thus, RTLS vendors are developing strategic alliances with large corporations that are specialized in RFID technologies, which is likely to aid RTLS vendors in achieving higher standards. For instance, HP and Ekahua entered into a partnership for deploying RTLS solutions across 150 networked hospitals across the US. In addition, the market is rapidly evolving where there are fewer large players. Hence, many IT companies are acquiring small and medium-sized players to enter into the market. For instance, leading printing solution provider, Zebra Technology, has acquired leading RTLS solution provider, WhereNet Corp., to enhance its RTLS product portfolio.”
According to the report, one of the main drivers in this market is the increasing adoption of RTLS in the Healthcare industry. Most healthcare organizations use RTLS solutions for asset management and locating equipment such as hospital beds, wheelchairs, ventilators, oxygen cylinders, and infusion pumps. They also use RTLS solutions for employee monitoring, through which they can organize the hospital management system.
Further, the report states that one of the major challenges in the market is the lack of awareness about RTLS technology among enterprises, especially SMEs, which account for a major share of the market. Most enterprises know about other tracking and monitoring technologies, but are unaware of RTLS and its benefits; therefore, they are reluctant to adopt RTLS.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-real-time-location-system-rtls-ma…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/telecom-and-networking
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TechNavio Announces the Publication of its Research Report -Global Real Time Location System (RTLS) Market 2014-2018
