Albany, NY -- (SBWIRE) -- 12/08/2015 -- Transparency Market Research has recently published a research report titled "Real Time Location Systems (RTLS) (By Technology - RFID, Wi-Fi, ZigBee and UWB, Ultrasound, Infrared, and Others) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014–2020". The report talks about the previous, current, and future market conditions of real time location systems market. It was worth US$0.46 billion in 2013 and is estimated to reach US$3.86 billion in 2020, increasing at 35.5% CAGR during 2014 to 2020.

Browse Report: http://www.transparencymarketresearch.com/real-time-location-system-market.html

The report analyzes the market on two fronts: End-user industry and region. North America accounted for the largest global real time location systems market share in 2013, with a revenue share of 45.2%. However, in the coming years, the Asia Pacific region is likely to be the fastest growing market with 37.8% CAGR from 2014 to 2020. The various technologies within the real time location systems comprise: Wi-Fi, RFID, ZigBee and UWB, infrared, ultrasound, and others. RFID is the most common type of technology used for real time location systems solutions. It held 40.9% of the total real time location systems market revenue in 2013.

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The main factors that are pushing the RTLS market ahead are asset management and optimum utilization of resources with RTLS solutions, declining prices of RTLS solutions and increasing applications across different markets. The growing acceptance of RTLS solutions in manufacturing and process industries and healthcare markets in Asia Pacific region, specifically across nations such as Japan, Australia, Singapore, and South Korea is driving growth of the real time location systems market in Asia Pacific region. This report also analyzes leading market players, complete with their SWOT analysis and revenue details.

Press Release: http://www.transparencymarketresearch.com/pressrelease/real-time-location-system-market.htm

The global RTLS market is segmented as follows:

Real Time Location Systems (RTLS) Market, by Technology
RFID
Wi-Fi
ZigBee and UWB
Ultrasound
Infrared
Others (Bluetooth, GPS, Combined Technologies)

Real Time Location Systems (RTLS) Market, by End-use Industry
Healthcare
Transportation and Logistics
Manufacturing and Process Industries
Government and Defense
Hospitality and Retail
Others (Academics, Warehousing, Yards and Docks Monitoring)

Real Time Location Systems (RTLS) Market, by Geography
North America
Europe
Asia Pacific
Rest of the World (RoW)

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TMR is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR's exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.