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Global Real Time Location System (RTLS) Market

Global Real Time Location System (RTLS) Market By Technology (RFID, Wifi, Zigbee And UWB, GPS, Infrared), By End-Use Application (Industrial Manufacturing And Processing, Healthcare, Transportation And Logistics, Government, Hospitality, Retail) – Growth, Share, Opportunities & Competitive Analysis, 2016 – 2022
Report Book

Published Date: July 2016
Category: Technology & Media
Report ID: 58001
Report Format: PDF
No of Pages: 190

Rating: Credence Reports

Report Scope

This report analyses the global real-time location system (RTLS) market regarding technology, end-use vertical, and geography. Based on end-use verticals, the global market for real-time location systems is segmented into healthcare, transportation and logistics, industrial manufacturing and processing, government, hospitality, retail, and others (education, etc.). Similarly, based on technology, the global real-time location system (RTLS) market is further classified into RFID, Wi-Fi, ZigBee, and UWB (ultra-wideband), as well as ultrasound, infrared, and others (Hybrid Technologies, GPS, etc.). The geographical distribution of the global real-time location system market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

The mounting pressure on businesses to achieve operational efficiencies, sustain profit margins, and enhance customer satisfaction to ensure a healthy market position has collectively triggered demand for real-time location systems across multiple industry verticals. The ability of RTLS solutions to track assets and solve a wide range of operational issues in real-time makes them an integral component of business processes. Furthermore, government initiatives and heavy investments in RTLS technology collectively favor market growth, especially in developed economies. These factors are expected to contribute to a compounded annual growth rate (CAGR) of 38.6% during the 2015–2022. However, a lack of interoperability between various technology infrastructures, coupled with a lack of awareness regarding the benefits offered, has hampered the swift growth of the real-time location system market across the globe.

1.1 Report Description

Purpose of the Report

The purpose of this strategic research study titled “Real Time Location System (RTLS) Market: Growth, Share, Opportunities, and Competitive Analysis, 2015–2022” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them to make informed strategic decisions related to the opportunities in the global real-time location system market.

1.1.1 Target Audience

  • Industry Investors
  • RTLS Solutions Providers
  • Integrators and assemblers
  • End-users

Overall, the research study provides:

  • A holistic view of the global real-time location system (RTLS) market.
  • Offering market size and estimates for the period from 2014 to 2022.
  • Keeping in mind the factors as mentioned above.

Real-time location systems have become an integral component in today’s businesses that are required to achieve operational efficiencies, sustain profit margins, and enhance customer satisfaction to remain competitive in the market. In addition, today’s sophisticated business models, where customers are demanding, and the workforce is more mobile, have further necessitated the demand for real-time location systems in varied verticals.

Based on end-use vertical, the real-time location system (RTLS) market is categorized into the following segments:

  • Healthcare
  • Transportation and logistics
  • Industrial Manufacturing and Processing
  • Government
  • Hospitality
  • Retail
  • Others (education, etc.)

The following figure represents the contribution of these end-use verticals to the global real.

In 2014, the healthcare segment dominated the global real-time location system market. The segment accounted for over 40% of the global real-time location system market’s revenue in the same year. The trend shall prolong, and the segment is presumed to witness steady growth on account of controlled growth in patient monitoring and asset tracking applications. The majority of healthcare facilities deploy Wi-Fi-based RTLS solutions to locate the position of several assets within the campus.Based on business processes and application requirements, end users can choose from the wide range of technologies available.

Based on the different technologies employed, the global real-time location system market is segmented into the following categories:

  • RFI
  • Wi-Fi
  • ZigBee and UWB
  • Ultrasound
  • Infrared
  • GPS
  • Others (Bluetooth, Hybrid Technologies)

The following figure represents the contribution of different technologies to the global real-time location system market in 2014 and 2022.

In terms of technology, the RFID (Radio Frequency Identification) segment led the global real-time location system market in 2014. The segment accounted for over 38 percent of the global real-time location system market’s revenue in the same year. However, other technologies, including Wi-Fi, ZigBee, and UWB, are presumed to witness greater adoption than RFID technology during the forecast period. ZigBee and UWB technologies help industrial manufacturers improve the efficiency of their everyday operations, thereby reducing their operational costs to a great degree. Thus, these technologies are expected to witness maximum adoption across industrial manufacturing and processing industries. On the other hand, Wi-Fi-based real-time location systems are presumed to witness steady growth since these solutions eliminate the need for a proprietary wireless infrastructure, thereby improving payback.

Based on geography, the global real-time location system (RTLS) market is segmented into the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

The following figure represents the contribution of different regions to the global real-time location system (RTLS) market in 2014.

North America, comprising Canada and the U.S., is currently the largest real-time location system market. The region accounted for over 35% of the global market revenue in the base year 2014. The market for real-time location systems in North America is primarily driven by strong demand from the healthcare sector. The presence of sophisticated healthcare infrastructure has been instrumental in driving the uptake of real-time location systems for medical applications. Overall, higher acceptance of technology has ensured greater adoption in North America. The trend is expected to continue, and the region is presumed to hold on to its leading position throughout the forecast period of 2015–2022. However, Asia Pacific is expected to witness maximum growth during the 2015–2022, led by growing adoption in varied industry verticals across Chinese and Indian markets.

1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
2.1. Global Real Time Location System (RTLS) Market Snapshot

3. Global Real Time Location System (RTLS) Market Analysis
3.1. Global Real Time Location System (RTLS) Market Overview
3.2. Market Inclination Insights
3.2.1. Recent Trends
3.2.2. Future Outlook
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Challenges
3.3.3. Opportunity Matrix
3.4. See-Saw Analysis
3.5. Ecosystem Analysis
3.6. Attractive Investment Proposition
3.7. Market Positioning of Key Industry Participants
3.7.1. Major Strategies Adopted
3.7.2. Analyst Recommendations

4. Global Real Time Location System (RTLS) Market Revenue, By Technology, 2014 – 2022 (US$ Bn)
4.1. Tornado Analysis
4.2. RFID
4.3. WiFi
4.4. ZigBee and UWB
4.5. Ultrasound
4.6. GPS
4.7. Infrared
4.8. Others (Hybrid Technologies, Bluetooth, etc.)

5. Global Real Time Location System (RTLS) Market Revenue, By End-use Application, 2014 – 2022 (US$ Bn)
5.1. Tornado Analysis
5.2. Industrial Manufacturing and Processing
5.3. Healthcare
5.4. Transportation and Logistics
5.5. Government
5.6. Hospitality
5.7. Retail
5.8. Others (Education, etc.)

6. North America Real Time Location System (RTLS) Market Analysis, 2014 – 2022 (US$ Bn)
6.1. North America Real Time Location System (RTLS) Market Revenue, By Technology, 2014 – 2022 (US$ Bn)
6.1.1. RFID
6.1.2. WiFi
6.1.3. ZigBee and UWB
6.1.4. Ultrasound
6.1.5. GPS
6.1.6. Infrared
6.1.7. Others (Hybrid Technologies, Bluetooth, etc.)
6.2. North America Real Time Location System (RTLS) Market Revenue, By End-use Application, 2014 – 2022 (US$ Bn)
6.2.1. Industrial Manufacturing and Processing
6.2.2. Healthcare
6.2.3. Transportation and Logistics
6.2.4. Government
6.2.5. Hospitality
6.2.6. Retail
6.2.7. Others (Education, etc.)
6.3. North America Real Time Location System (RTLS) Market Revenue, By Country, 2014 – 2022 (US$ Bn)
6.3.1. U.S.
6.3.1.1. U.S. Real Time Location System (RTLS) Market Revenue, By Technology, 2014 – 2022 (US$ Bn)
6.3.1.2. U.S. Real Time Location System (RTLS) Market Revenue, By End-use Application, 2014 – 2022 (US$ Bn)
6.3.2. Canada
6.3.2.1. Canada Real Time Location System (RTLS) Market Revenue, By Technology, 2014 – 2022 (US$ Bn)
6.3.2.2. Canada Real Time Location System (RTLS) Market Revenue, By End-use Application, 2014 – 2022 (US$ Bn)

7. Europe Real Time Location System (RTLS) Market Analysis, 2014 – 2022 (US$ Bn)
7.1. Europe Real Time Location System (RTLS) Market Revenue, By Technology, 2014 – 2022 (US$ Bn)
7.1.1. RFID
7.1.2. WiFi
7.1.3. ZigBee and UWB
7.1.4. Ultrasound
7.1.5. GPS
7.1.6. Infrared
7.1.7. Others (Hybrid Technologies, Bluetooth, etc.)
7.2. Europe Real Time Location System (RTLS) Market Revenue, By End-use Application, 2014 – 2022 (US$ Bn)
7.2.1. Industrial Manufacturing and Processing
7.2.2. Healthcare
7.2.3. Transportation and Logistics
7.2.4. Government
7.2.5. Hospitality
7.2.6. Retail
7.2.7. Others (Education, etc.)
7.3. Europe Real Time Location System (RTLS) Market Revenue, By Region, 2014 – 2022 (US$ Bn)
7.3.1. U.K.
7.3.1.1. U.K. Real Time Location System (RTLS) Market Revenue, By Technology, 2014 – 2022 (US$ Bn)
7.3.1.2. U.K. Real Time Location System (RTLS) Market Revenue, By End-use Application, 2014 – 2022 (US$ Bn)
7.3.2. Germany
7.3.2.1. Germany Real Time Location System (RTLS) Market Revenue, By Technology, 2014 – 2022 (US$ Bn)
7.3.2.2. Germany Real Time Location System (RTLS) Market Revenue, By End-use Application, 2014 – 2022 (US$ Bn)
7.3.3. France
7.3.3.1. France Real Time Location System (RTLS) Market Revenue, By Technology, 2014 – 2022 (US$ Bn)
7.3.3.2. France Real Time Location System (RTLS) Market Revenue, By End-use Application, 2014 – 2022 (US$ Bn)
7.3.4. Rest of Europe
7.3.4.1. Rest of Europe Real Time Location System (RTLS) Market Revenue, By Technology, 2014 – 2022 (US$ Bn)
7.3.4.2. Rest of Europe Market Revenue, By End-use Application, 2014 – 2022 (US$ Bn)

8. Asia Pacific Real Time Location System (RTLS) Market Analysis, 2014 – 2022 (US$ Bn)
8.1. Asia Pacific Real Time Location System (RTLS) Market Revenue, By Technology, 2014 – 2022 (US$ Bn)
8.1.1. RFID
8.1.2. WiFi
8.1.3. ZigBee and UWB
8.1.4. Ultrasound
8.1.5. GPS
8.1.6. Infrared
8.1.7. Others (Hybrid Technologies, Bluetooth, etc.)
8.2. Asia Pacific Real Time Location System (RTLS) Market Revenue, By End-use Application, 2014 – 2022 (US$ Bn)
8.2.1. Industrial Manufacturing and Processing
8.2.2. Healthcare
8.2.3. Transportation and Logistics
8.2.4. Government
8.2.5. Hospitality
8.2.6. Retail
8.2.7. Others (Education, etc.)
8.3. Asia Pacific Real Time Location System (RTLS) Market Revenue, By Country, 2014 – 2022 (US$ Bn)
8.3.1. Japan
8.3.1.1. Japan Real Time Location System (RTLS) Market Revenue, By Technology, 2014 – 2022 (US$ Bn)
8.3.1.2. Japan Real Time Location System (RTLS) Market Revenue, By End-use Application, 2014 – 2022 (US$ Bn)
8.3.2. China
8.3.2.1. China Real Time Location System (RTLS) Market Revenue, By Technology, 2014 – 2022 (US$ Bn)
8.3.2.2. China Real Time Location System (RTLS) Market Revenue, By End-use Application, 2014 – 2022 (US$ Bn)
8.3.3. India
8.3.3.1. India Real Time Location System (RTLS) Market Revenue, By Technology, 2014 – 2022 (US$ Bn)
8.3.3.2. India Real Time Location System (RTLS) Market Revenue, By End-use Application, 2014 – 2022 (US$ Bn)
8.3.4. Rest of Asia Pacific
8.3.4.1. Rest of Asia Pacific Real Time Location System (RTLS) Market Revenue, By Technology, 2014 – 2022 (US$ Bn)
8.3.4.2. Rest of Asia Pacific Real Time Location System (RTLS) Market Revenue, By End-use Application, 2014 – 2022 (US$ Bn)

9. Rest of World Real Time Location System (RTLS) Market Analysis, 2014 – 2022 (US$ Bn)
9.1. Rest of World Real Time Location System (RTLS) Market Revenue, By Technology, 2014 – 2022 (US$ Bn)
9.1.1. RFID
9.1.2. WiFi
9.1.3. ZigBee and UWB
9.1.4. Ultrasound
9.1.5. GPS
9.1.6. Infrared
9.1.7. Others (Hybrid Technologies, Bluetooth, etc.)
9.2. Rest of World Real Time Location System (RTLS) Market Revenue, By End-use Application, 2014 – 2022 (US$ Bn)
9.2.1. Industrial Manufacturing and Processing
9.2.2. Healthcare
9.2.3. Transportation and Logistics
9.2.4. Government
9.2.5. Hospitality
9.2.6. Retail
9.2.7. Others (Education, etc.)
9.3. Rest of World Real Time Location System (RTLS) Market Revenue, By Region, 2014 – 2022 (US$ Bn)
9.3.1. Latin America
9.3.1.1. Latin America Real Time Location System (RTLS) Market Revenue, By Technology, 2014 – 2022 (US$ Bn)
9.3.1.2. Latin America Pacific Real Time Location System (RTLS) Market Revenue, By End-use Application, 2014 – 2022 (US$ Bn)
9.3.2. Middle-East and Africa
9.3.2.1. Middle-East and Africa Real Time Location System (RTLS) Market Revenue, By Technology, 2014 – 2022 (US$ Bn)
9.3.2.2. Middle-East and Africa Real Time Location System (RTLS) Market Revenue, By End-use Application, 2014 – 2022 (US$ Bn)

10. Company Profiles
10.1. Zebra Technologies Corporation
10.2. Stanley Healthcare Solutions (AeroScout Inc.)
10.3. Ekahau, Inc.
10.4. Ubisense Group Plc.
10.5. Motorola Solutions Inc.
10.6. Awarepoint Corporation
10.7. TeleTracking Technologies, Inc.
10.8. Identec Solutions.
10.9. Versus Technology, Inc.
10.10. Savi Technology, Inc.

List of Figures

FIG. 1 Global Real Time Location System (RTLS): Market Segmentation
FIG. 2 Global Real Time Location System (RTLS) Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global Real Time Location System (RTLS) Market, By Technology, 2014 (US$ Bn)
FIG. 5 Global Real Time Location System (RTLS) Market, By End-use Application, 2014 (US$ Bn)
FIG. 6 Global Real Time Location System (RTLS) Market, By Geography, 2014 (US$ Bn)
FIG. 7 Global Real Time Location System (RTLS) Market Revenue and Growth, 2014 – 2022, (US$ Bn and % Y-o-Y)
FIG. 8 See-Saw Analysis : Global Real Time Location System (RTLS) Market
FIG. 9 Ecosystem Analysis: Global Real Time Location System (RTLS) Industry
FIG. 10 Market Positioning of Key Industry Participants, 2014
FIG. 11 Global Real Time Location System (RTLS) Market Revenue Contribution, By Technology, 2014 & 2022 (Value %)
FIG. 12 Global Real Time Location System (RTLS) Market Revenue and Growth for RFID Technology, 2014 – 2022, (US$ Bn)
FIG. 13 Global Real Time Location System (RTLS) Market Revenue and Growth for WiFi Technology, 2014 – 2022, (US$ Bn)
FIG. 14 Global Real Time Location System (RTLS) Market Revenue and Growth for ZigBee and UWB Technology, 2014 – 2022, (US$ Bn)
FIG. 15 Global Real Time Location System (RTLS) Market Revenue and Growth for Ultrsound Technology, 2014 – 2022, (US$ Bn)
FIG. 16 Global Real Time Location System (RTLS) Market Revenue and Growth for GPS Technology, 2014 – 2022, (US$ Bn)
FIG. 17 Global Real Time Location System (RTLS) Market Revenue and Growth for Infrared Technology, 2014 – 2022, (US$ Bn)
FIG. 18 Global Real Time Location System (RTLS) Market Revenue and Growth for OtherTechnologies, 2014 – 2022, (US$ Bn)
FIG. 19 Global Real Time Location System (RTLS) Market Revenue Contribution, By End-use Application, 2014 & 2022 (US$ Bn)
FIG. 20 Global Real Time Location System (RTLS) Market Revenue and Growth for Industrial Manufacturing and Processing Applications, 2014 – 2022, (US$ Bn)
FIG. 21 Global Real Time Location System (RTLS) Market Revenue and Growth for Healthcare Applications, 2014 – 2022, (US$ Bn)
FIG. 22 Global Real Time Location System (RTLS) Market Revenue and Growth for Transportation and Logistic Applications, 2014 – 2022, (US$ Bn)
FIG. 23 Global Real Time Location System (RTLS) Market Revenue and Growth for Government Applications, 2014 – 2022, (US$ Bn)
FIG. 24 Global Real Time Location System (RTLS) Market Revenue and Growth, for Hospitality Applications, 2014 – 2022, (US$ Bn)
FIG. 25 Global Real Time Location System (RTLS) Market Revenue and Growth, for Retail Applications, 2014 – 2022, (US$ Bn)
FIG. 26 Global Real Time Location System (RTLS) Market Revenue and Growth for Other Applications, 2014 – 2022, (US$ Bn)
FIG. 27 North America Real Time Location System (RTLS) Market Revenue and Growth, 2014 – 2022, (US$ Bn) (Y-o-Y %)
FIG. 28 Europe Real Time Location System (RTLS) Market Revenue and Growth, 2014 – 2022, (US$ Bn) (Y-o-Y %)
FIG. 29 Asia Pacific Real Time Location System (RTLS) Market Revenue and Growth, 2014 – 2022, (US$ Bn) (Y-o-Y %)
FIG. 30 RoW Real Time Location System (RTLS) Market Revenue and Growth, 2014– 2022, (US$ Bn) (Y-o-Y %)

List of Tables

TABLE 1 Market Snapshot: Global Real Time Location System (RTLS) Market
TABLE 2 Evolution of Real Time Location System (RTLS)
TABLE 3 Impact Indicators
TABLE 4 Impact Analysis of Drivers and Restraints
TABLE 5 North America Real Time Location System (RTLS) Market Revenue, By Technology, 2014 – 2022 (US$ Bn)
TABLE 6 North America Real Time Location System (RTLS) Market Revenue, By End-use Application, 2014 – 2022 (US$ Bn)
TABLE 7 North America Real Time Location System (RTLS) Market Revenue, By Country, 2014 – 2022 (US$ Bn)
TABLE 8 U.S. Real Time Location System (RTLS) Market Revenue, By Technology, 2014 – 2022 (US$ Bn)
TABLE 9 U.S. Real Time Location System (RTLS) Market Revenue, By End-use Application, 2014 – 2022 (US$ Bn)
TABLE 10 Canada Real Time Location System (RTLS) Market Revenue, By Technology, 2014 – 2022 (US$ Bn)
TABLE 11 Canada Real Time Location System (RTLS) Market Revenue, By End-use Application, 2014 – 2022 (US$ Bn)
TABLE 12 Europe Real Time Location System (RTLS) Market Revenue, By Technology, 2014 – 2022 (US$ Bn)
TABLE 13 Europe Real Time Location System (RTLS) Market Revenue, By End-use Application, 2014 – 2022 (US$ Bn)
TABLE 14 Europe Real Time Location System (RTLS) Market Revenue, By Country, 2014 – 2022 (US$ Bn)
TABLE 15 U.K. Real Time Location System (RTLS) Market Revenue, By Technology, 2014 – 2022 (US$ Bn)
TABLE 16 U.K. Real Time Location System (RTLS) Market Revenue, By End-use Application, 2014 – 2022 (US$ Bn)
TABLE 17 France Real Time Location System (RTLS) Market Revenue, By Technology, 2014 – 2022 (US$ Bn)
TABLE 18 France Real Time Location System (RTLS) Market Revenue, By End-use Application, 2014 – 2022 (US$ Bn)
TABLE 19 Germany Real Time Location System (RTLS) Market Revenue, By Technology, 2014 – 2022 (US$ Bn)
TABLE 20 Germany Real Time Location System (RTLS) Market Revenue, By End-use Application, 2014 – 2022 (US$ Bn)
TABLE 21 Rest of Europe Real Time Location System (RTLS) Market Revenue, By Technology, 2014 – 2022 (US$ Bn)
TABLE 22 Rest of Europe Real Time Location System (RTLS) Market Revenue, By End-use Application, 2014 – 2022 (US$ Bn)
TABLE 23 Asia Pacific Real Time Location System (RTLS) Market Revenue, By Technology, 2014 – 2022 (US$ Bn)
TABLE 24 Asia Pacific Real Time Location System (RTLS) Market Revenue, By End-use Application, 2014 – 2022 (US$ Bn)
TABLE 25 Asia Pacific Real Time Location System (RTLS) Market Revenue, By Country, 2014 – 2022 (US$ Bn)
TABLE 26 China Real Time Location System (RTLS) Market Revenue, By Technology, 2014- 2022 (US$ Bn)
TABLE 27 China Real Time Location System (RTLS) Market Revenue, By End-use Application, 2014 – 2022 (US$ Bn)
TABLE 28 Japan Real Time Location System (RTLS) Market Revenue, By Technology, 2014 – 2022 (US$ Bn)
TABLE 29 Japan Real Time Location System (RTLS) Market Revenue, By End-use Application, 2014 – 2022 (US$ Bn)
TABLE 30 India Real Time Location System (RTLS) Market Revenue, By Technology, 2014 – 2022 (US$ Bn)
TABLE 31 India Real Time Location System (RTLS) Market Revenue, By End-use Application, 2014 – 2022 (US$ Bn)
TABLE 32 Rest of Asia Pacific Real Time Location System (RTLS) Market Revenue, By Technology, 2014 – 2022 (US$ Bn)
TABLE 33 Rest of Asia Pacifc Real Time Location System (RTLS) Market Revenue, By End-use Application, 2014 – 2022 (US$ Bn)
TABLE 34 Rest of World Real Time Location System (RTLS) Market Revenue, By Technology, 2014 – 2022 (US$ Bn)
TABLE 35 Rest of World Real Time Location System (RTLS) Market Revenue, By End-use Application, 2014 – 2022 (US$ Bn)
TABLE 36 Rest of World Real Time Location System (RTLS) Market Revenue, By Region, 2014 – 2022 (US$ Bn)
TABLE 37 Latin America Real Time Location System (RTLS) Market Revenue, By Technology ype, 2014 – 2022 (US$ Bn)
TABLE 38 Latin America Real Time Location System (RTLS) Market Revenue, By End-use Application, 2014 – 2022 (US$ Bn)
TABLE 39 Middle-East and Africa Real Time Location System (RTLS) Market Revenue, By Technology, 2014 – 2022 (US$ Bn)
TABLE 40 Middle-East and Africa Real Time Location System (RTLS) Market Revenue, By End-use Application, 2014 – 2022 (US$ Bn)

Frequently Asked Question:

What is the size of Real Time Location System Market?

The market for Real Time Location System is expected to reach USD$ XX Bn in 2022.

What is the Real Time Location System Market CAGR?

The Real Time Location System Market is expected to see significant CAGR growth over the coming years, at 38.6%

What is the Forecast period considered for Real Time Location System Market?

The report is forecasted from 2016 -2022.

What is the base year considered for Real Time Location System Market?

The base year of this report is 2015.

Who are the major players in this market?

Zebra Technologies Corporation, Stanley Healthcare Solutions (AeroScout Inc.), Ekahau, Inc., Ubisense Group Plc., Motorola Solutions Inc., Awarepoint Corporation. are some of the major players in the global market.

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