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Frost & Sullivan: Global Increase in Adoption of Real-Time Location Systems Depends on Technological Innovations
Date:11/8/2012

MOUNTAIN VIEW, Calif., Nov. 8, 2012 /PRNewswire/ -- With the increasing need to accurately track objects and personnel in resource supply chains- robust, utilitarian, and efficient real-time location systems (RTLS) have become an essential need. Other technologies, such as bar-codes, radio-frequency identification (RFID) and global positioning systems (GPS), have constraints in terms of exact location-tracking. RTLS is the only one that has the ability to accurately map and provide reliable location information, which has been the leading factor in fostering the growth of this high-potential market.

New analysis from Frost & Sullivan (http://www.autoid.frost.com), Analysis of the Real-Time Location Systems (RTLS) Market, finds that the market earned revenues of over $382.8 million in 2011 and estimates this to reach $3.52 billion by 2018.

If you are interested in more information on this research, please send an email to Jeannette Garcia, Corporate Communications, at jeannette.garcia@frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.

Hospitals, pharmaceuticals, as well as governmental sectors, like defense, military, national security and research programs, offer immense growth opportunities for RTLS.

"Technological quality, accuracy, and reliability are key factors in organization's decision-making, as they look to automate their processes," said Frost & Sullivan Senior Research Analyst Nandini Bhattacharya. "Price is not really considered a factor when it comes to mission critical business systems."

With several technologies involved in RTLS, research and development is an on-going process that enables these technologies to evolve. The market is therefore influenced by a fairly high degree of technological chang
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SOURCE Frost & Sullivan
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