Europe RTLS Market By Technology, By Component, By Industry Vertical - Forecast up to 2025 - ResearchAndMarkets.com
Summary
DUBLIN--(BUSINESS WIRE)--The "Europe RTLS Market By Technology (WiFi, UWB, Infrared [IR], Ultrasound, Bluetooth, GPS, and Others), By Component (Hardware, Software, and Services), By Industry Vertical - Forecast up to 2025" report has been added to The Europe RTLS market is expected to grow at a double-digit CAGR during the forecast period 2019-2025. Additionally, heavy reliance on analytics solutions to handle the increasing volume of unstructured data coupled with a rising focus on smart workflow optimization is accelerating the growth of the Europe RTLS market. However, data security & privacy concerns and high upfront cost, along with the complexity of integrating with the existing infrastructure, are the key factors identified as restraints that will deter the progression of the Europe RTLS market. In terms of technology, the market is segmented into WiFi, UWB, RFID, infrared (IR), ultrasound, Bluetooth, GPS, and others. These technologies are anticipated to witness significant growth during the forecast period as well, mainly due to the availability of retrofit solutions and customer preference to utilize the existing WiFi infrastructure to reduce cost & complexity.