IT solution providers in the RTLS market in US to acquire SMEs during the forecast period
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the RTLS market in the US in their latest research report. This report also lists 17 other prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts have taken into account the revenue generated from the following:
- RTLS systems and tags
- Active RFID, passive RFID, out-of-band, GPS, AGPS, and Wi-Fi technologies
- The transportation, healthcare, retail, government, and other sectors
- In the transportation sector, revenue from use of tags and systems in logistics and supply chain management in onshore and offshore projects
- In the healthcare sector, revenue from asset tracking, people tracking, and hospital management
- In the retail sector, revenue from asset tracking, inventory tracking, and workflow management
- In the government sector, revenue from asset tracking in military applications
- In other sectors, use of RFID tags in various sectors that include oil and gas, education, mining, manufacturing, and automotive
This Technavio report, under the machine-to-machine (M2M) and connected devices vertical, is based on the synthesis, analysis, and interpretation of information about the RTLS market in the US collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
Competitive vendor landscape
The RTLS market in the US is characterized by the intensifying competition between RTLS equipment and service providers. A large number of companies are entering the market owing to the increased use of RTLS across industry segments including retail, automotive, manufacturing, and oil and gas sectors. The market is likely to witness major changes in the vendor landscape during the forecast period owing to the acquisition of SMEs by IT solution providers, like Zebra acquired Motorola Solutions’ enterprise business. Such changes are attributable to the rise in demand for RTLS solutions from the transportation and logistics sector, the development of advanced technological solutions, and the maturity of Wi-Fi and cellular-based technologies for RTLS solutions.
“The advent of new cost-effective technologies, such as UWB and ZigBee, is one of the fundamental drivers for the growth of the RTLS market in the US. Apart from being effective in helping to improve day-to-day operations, functions, and efficiency of staff, these technologies help to reduce the operational cost. The adoption of these technologies is expected to grow rapidly during the forecast period because of their advantages over active RFID and Wi-Fi-based RTLS solutions. These low-cost technologies offer high accuracy, precision, and reliability in manufacturing industries,” says Abhishek Sharma, a lead analyst at Technavio for machine-to-machine (M2M) and connected devices.
Top five vendors in the RTLS market space in the US
AiRISTA engages in the development and manufacture of identification and track and trace using RFID (passive, active, and semi-active), GPS, Bluetooth low energy (BLE), and other technologies. The company offers complete solutions starting from RTLS consulting to choosing the right technology components with its platforms. AiRISTA Flow (an affiliate company of AiRISTA), a Wi-Fi enabled location services and workflow software solutions, acquired Ekahau RTLS (headquartered in Reston, Virginia, US) and Ekahau RTLS International (headquartered in Helsinki, Finland) on March 3, 2016.
Key products: Ekahau Vision, Ekahau heatMapper, Ekahau site survey, Ekahau spectrum analyser, and Wi-Fi tags and badges, wristband tags, and sensors.
HP offers PCs; imaging and printing-related products; networking products; enterprise IT infrastructure, which includes enterprise server and storage technology; and multivendor customer services. In December 2013, the company secured a five-year contract amounting to approximately $543 million from the US government’s Department of Veterans Affairs to install RTLS solutions in more than 150 networked hospitals and 1,400 ancillary facilities. Under this contract, HP provides program management, implementation management, hardware and software, and operations planning services.
Key products: Healthcare asset management, Healthcare employee safety and security, and Veteran healthcare automation solutions.
STANLEY Healthcare is a provider of visibility and analytics solutions for safety, security, and operational efficiency that caters to the senior living organizations and hospitals and health systems. The company operates as a division of Stanley Black & Decker.
Key products: Infant protection, Patient security, Staff security, Facility security, Temperature and humidity monitoring, Fall management, Hand hygiene compliance monitoring, Patient flow for clinics, Patient flow for ED, Patient flow for OR, Staff workflow, Nurse call integration, Digital wayfinding and indoor navigation, Emergency call, Hand hygiene compliance monitoring and Fall management.
Ubisense engages in providing solutions related to enterprise location intelligence for manufacturing, communication, and utility companies across the globe. During September 2016, the company released a new version of AngleID (a precision zone tracking product), with a range of added features such as the ability to network multiple readers.
Key products: Asset manager, Visible industrial process, Assembly control systems, Location-driven training, and Transit yard manager.
Zebra engages in the design, manufacture, and sales of direct thermal or thermal transfer label printers, RFID printers or encoders, real-time locating solutions, dye sublimation card printers, accessories, and support software to end-users across the globe. In 2014, the company acquired Motorola Solutions’ enterprise business, which helped both players become leaders in asset tracking solutions. The company also offers Dart UWB solutions, RTLS tracking systems that enable numerous asset management applications across various sectors.
Key products: Location solutions overview, WIP solutions, Yard management solutions, Sports tracking solutions, Enabling technologies, Inventory tracking solutions, Asset visibility solutions, and Material flow solutions.
Other prominent vendors in this market include Awarepoint, DecaWave, GE Healthcare, HID, IBM, Intelligent InSites, Identec Solutions, Mojix, PINC Solutions, PLUS Location Systems, Radianse, RF Technologies, Sonitor Technologies, TeleTracking Technologies, ThingMagic, Tyco Security Products, and Versus Technology.
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