“After much experimentation in the marketplace, Real Time Locating Systems (RTLS) have found there place across a range of industries, from healthcare to manufacturing, according to Frost & Sullivan, which says that the RTLS market was worth some US$201.3 million in 2004, and is forecast to reach some US$1.26 billion in 2011.
There are several alternatives as far as simple locating technologies are concerned. However RTLS has a key role to play where real-time data is essential and when the assets need to be located while in transit. Growing disloyalty among consumers with regard to shifting brands, as well as higher aspirations of companies to increase profit margins, the aggressive approach of the US government toward homeland security, and emerging laws and regulations concerning consumerism, have all nurtured the growth of RTLS.”
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