According to the new market research report, "Real-Time Location System (RTLS) Market, by Type (Hardware, Software, Service), Technology (RFID, Wi-Fi, Ultrasound, Infrared, ZigBee, UWB), Industry (Healthcare, Transportation & Logistics, Process Industries, Hospitality, Defense, Retail, Education) - Global Revenue, Trends, Growth, Share, Size and Forecast to 2022", published by Scalar Market Research, the global real-time location systems (RLTS) market is expected to grow at an impressive CAGR of 31.60% from 2016 to 2022. At the estimated growth rate, the real-time location system (RTLS) market is expected to grow from USD 1.04 billion in 2016 to USD 5.43 billion in the year 2022.
The global real-time location systems (RTLS) market report offers in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key players, premium insights, technology trends and forecast to 2022. It also focuses on the key drivers and opportunities in this market.
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Key findings of the report:
Services projected to be the fastest-growing type segment in the RTLS market
According to the report, the services segment is expected to dominate the global real-time location system (RTLS) market, based on the growth rate. It is expected to grow at the fastest rate during the forecast period, due to the rising demand from various end-user industries and the rapid technological advancements. The hardware segment, on the other hand, is expected to hold the largest share in the type segment of the market.
North America anticipated to be the largest geographic segment
According to the report, North America is expected to be the largest geographic segment in the global real-time location system (RTLS) market, based on revenue. The region is expected to hold the largest market share during the forecast period. The Asia-Pacific region, on the other hand, is anticipated to grow at the fastest growth rate during the forecast period. The growth of this market in the developing regions is attributed to the rising demand of the RTLS from various end-users.
Key Benefits of the Report:
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The real-time location system (RTLS) market report provides analysis of the key players, including:
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