Real Time Location System (RTLS) Market Strategies and Forecasts 2025 FMI | Page 4

Report
Description
Report Description
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RTLS Market Segmentation
Global RTLS market is segmented on the basis of verticals, technologies and regions. On
the basis of verticals, the market is sub-segmented into various industrial verticals, such
as Logistics & transportation, industrial manufacturing and processing, healthcare, retail,
government & defence, education, hospitality and others. Out of all these verticals,
industrial manufacturing and processing vertical is expected to dominate throughout
forecasting period.
On the basis of technology, the market is sub-segmented into various wireless
communication technologies such as WiFi, RFID, ultrasound, infrared and ZigBee
communication. Amongst all technologies RFID technology is leading the Global RTLS
market with highest market revenue. It is mainly because of enhanced features of RFID
technology, such as low maintenance cost, high accuracy and long battery life as
compared to other wireless communication technologies such as WiFi. However, WiFi
technology also provides some benefits, such as ease of deployment which is really
beneficial for organizations with existing WiFi network. Latest technologies like ZigBee,
are showing high market potential because of its extended battery life and high accuracy.