Lewes, DE -- (SBWIRE) -- 01/09/2017 -- Report forecast the global RTLS market in transportation and logistics sector to grow at a CAGR of 49.23% during the period 2016-2020.

RTLS is the technology used to find, track, manage, and identify the geographical position of a target on a real-time basis with the help of nodes/tags and readers. Nodes or tags are embedded in smartphones or navigational devices, through which a user can easily track an object. A reader is used to receive wireless signals from the tags, through which an object can be located. RTLS works on technologies like GPS, ultra-wideband (UWB), Bluetooth, Wi-Fi, and RFID to track the location of objects. RTLS has found its application in transportation, logistics, and supply chain management companies.

The report covers the present scenario and the growth prospects of the global RTLS market in transportation and logistics sector for 2016-2020. To calculate the market size, the report considers the revenue from the use of RTLS system and tags in logistics and supply chain management in onshore and offshore projects and from active RFID, passive RFID, out-of-band, GPS, AGPS, and Wi-Fi technologies used in transportation and logistics.

The market is divided into the following segments based on geography:

- Americas
- APAC
- EMEA

According to the report, augmented reality technology uses geographic information system (GIS) and 3D platforms to provide virtual information about users and their surroundings. This information helps the firms to understand the needs of users and send targeted announcements to them.

Further, the report states that safety and security is one of the major concerns among enterprises. The RFID tags used in RTLS solutions are creating several security and privacy concerns for SMEs because RFID systems work on Wi-Fi and cellular networks that get very easily congested. This has devastating results in transportation and logistics because if the signal is jammed by unwanted tracking of people, then the lives of employees (driver and co-workers) can be at risk in case of emergencies.

Global RTLS Market in Transportation and Logistics Sector 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global RTLS market in transportation and logistics sector: AiRISTA, CSR Group, Samsung, Ubisense, and Zebra Technologies.

Other Prominent Vendors in the market are: Awarepoint, BeSpoon, Convergence Systems, DecaWave, Essensium, HID, IBM, Intelligent InSites, Identec Solutions, Mojix, PINC Solutions, Sewio, ThingMagic, and Tyco Security Products.

Market driver

- Inclination toward fleet management
- For a full, detailed list, view our report

Market challenge

- Security and privacy concerns
- For a full, detailed list, view our report

Market trend

- Increasing adoption of UWB RTLS technology
- For a full, detailed list, view our report

Key questions answered in this report

- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 50 pages and 32 Exhibits "Global RTLS Market in the Transportation and Logistics Sector 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Five forces analysis, Market segmentation by solution, Market segmentation by technology, Market segmentation by application, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-rtls-market-transportation-and-logistics-sector-2016-2020

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