Dallas, TX -- (SBWIRE) -- 12/10/2014 -- According to a new market research report of "Real-Time Location Systems (RTLS) Market By Product (Tags, Sensors, Software), Technology (Wi-Fi, RFID, Infrared, Ultrasound, UWB, Zigbee), Application, Industry Vertical (Healthcare, Logistics, Manufacturing, Retail) & Geography 2013 - 2020", the global RTLS market is expected to grow at a CAGR of 31.2% from 2013 to 2020 and reach $3.70 billion in 2020.

Browse 109 market data tables and 53 figures spread through 402 pages and in-depth TOC on "Real-Time Location Systems (RTLS) Market By Product (Tags, Sensors, Software), Technology (Wi-Fi, RFID, Infrared, Ultrasound, UWB, Zigbee), Application, Industry Vertical (Healthcare, Logistics, Manufacturing, Retail) & Geography 2013 - 2020"

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The ever growing need of achieving optimum resource utilization in different industries paved a path for location-based systems such as Real-Time Location Systems. In an enterprise, these systems facilitate location tracking and management of assets/personnel in real time thus resulting into improved operational efficiency and staff productivity. RTLS solutions have numerous applications in industries such as healthcare, manufacturing, logistics & transportation, government & defense, mining, oil & gas, retail, hospitality, education, and many others. Presently, healthcare is the largest market for RTLS solutions and industrial manufacturing is estimated to be the fastest-growing industry vertical with a huge market potential in the forecast period from 2013 to 2020.

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Real-Time Location Systems are defined as a location tracking system that utilizes wireless technologies to identify the exact position of any specific asset or personnel within a facility; it enables real-time asset/staff tracking as well as management with the help of RTLS tags and badges. The RTLS system mainly comprises of battery-powered tags/ badges, location sensors, location readers, network infrastructure, and application software/middleware. Presently, workflow automation and process optimization are the two major parameters that provide any enterprise the ability to improve its staff's productivity and operational excellence. RTLS solutions result into streamlined processes by controlling and managing assets/personnel of an enterprise. Hence, the market demand of RTLS solutions is growing at a fast pace in all industries, including healthcare, manufacturing, defense, logistics, and many others. Some of the major benefits provided by RTLS include enhanced asset management, improved staff safety & security, streamlined process workflow, and efficient supply chain & logistics operations. Several governments all around the world are taking initiatives, such as putting in huge investment in RTLS technology, to further promote the growth of this market.

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