Real Time Location Systems to be Adopted Increasingly by Organizations for Optimum Resource Utilization and Asset Management
According to Transparency Market Research (TMR), the global real-time location systems Market will expand at a double-digit CAGR in the years to come and be worth US$3.86 bn by 2020. On the basis of application, it is expected that the demand for real-time location systems will be highest from the healthcare sector. On the basis of geography, North America is leading in the market on account of the high use of real-time location systems by the healthcare sector in North America. In addition to this support received from the government will also play as usual for the growth of the North American real-time location systems Market. Apart from North America, it is expected that Asia Pacific will be a key market for real-time location systems on account of the growing medical tourism within this region as well as increasing efforts taken by government to improve and drive the use of technology advanced systems. In terms of Technology, Zigbee and UWB are expected to be upcoming Technol...