Real Time Locating Systems Market (RTLS, RFID, Bluetooth, Wi-Fi, UWB, GPS, IR, NFER, ZigBee and Emerging Technologies) and Application Market - Global Industry Analysis, Size, Growth, Share, Trends, and Forecast, 2012 - 2020
The global real time locating system (RTLS) market provides tracking technologies for assets and human resource of the organizations to increase their operational efficiency. The RTLS market is expected to grow at a CAGR of 20.7% for the analysis period of 2012 to 2020. The key driving factor for the growth of the market is the provision for precise asset tracking. For example, healthcare facilities have to invest more money for lost devices in the absence of tracking technologies. When an efficient RTLS is implemented, the devices can be easily tracked, amounting to savings of at least 25 to 30 percent. To Get More Details @ http://www.bigmarketresearch.com/real-time-locatingsystems-RTLS-market However, people are not very keen to adopt the system as they perceive it to be an invasion on their privacy. It has been noticed that healthcare staff use personal beepers instead of the tags that their organizations want them to use. Governments across the globe understand these concerns of people and are making regulations to protect privacy of people. For example, the U.S. Congress introduced the Geolocation Privacy and Surveillance Act (GPS Act) in March 2013 to establish guidelines for tracking people at workplace. It is expected that various governments across the globe will implement similar acts to overcome the challenge of privacy concerns. Some of the key players analyzed in the report are Motorola Solutions, Honeywell Scanning & Mobility, RF Code, CenTrak, Ubisense, Radianse, Identec, and Ekahau.