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NEW YORK, Nov. 12, 2024 /PRNewswire/ — According to a new comprehensive report from The Insight Partners, the global real-time location systems (RTLS) market is observing healthy growth owing to the rising demand for connected devices. The report runs an in-depth analysis of market trends, key players, and future opportunities. For Detailed Market Insights, Visit: https://www.theinsightpartners.com/reports/real-time-location-systems-market-research

The RTLS market primarily comprises hardware/component providers, RTLS manufacturers, system integrators, and end users. The RTLS consists of components such as software, transmitters, receivers, smart devices, infrared tags, and other types of tags. These components are further provided to RTLS manufacturers for the production of a system.

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Market Overview and Growth Trajectory:

Real-Time Location Systems Market Growth: According to an exhaustive report by The Insight Partners, the Real-Time Location Systems Market is experiencing significant growth, driven by the growing use of RTLS in the healthcare sector. The market, valued at $6.16 billion in 2023, is expected to grow at a Compound Annual Growth Rate (CAGR) of 26.6% during 2023–2031.

The demand for connected devices, including smartphones, tablets, and different wearable devices, such as smartwatches, fitness trackers, VR headsets, web-enabled glasses, smart jewelry, and Bluetooth headsets, is increasing across the world. Smartphones and tablets help the user accurately track location information in real time. The devices help the user to know the real-time traffic scenario and find the fastest route to the destination. It also assists parents to monitor the movement of their children through different location-tracking apps.

Rising Demand for Connected Devices: The adoption of connected devices such as smartphones and tablets are increasing tremendously. According to the Groupe Speciale Mobile Association (GSMA), smartphone adoption across the world was 76% in 2022, totaling 6.4 billion smartphone connections. The adoption is expected to rise to 92% by 2030, making 9 billion connections globally. According to the same report, smartphone adoption in North America was 84% in 2022 and is expected to climb to 90% by 2030. Similarly, the smartphone adoption rate in Europe would increase from 84% in 2022 to 91% by 2030. In Sub-Saharan Africa, an underpenetrated market, the smartphone adoption rate is predicted to grow from 51% in 2022 to 87% by 2030. This is further boosting the integration of real-time location systems across the world.

Growing E-Commerce Sector: There has been a surge in online shopping across the world. E-commerce sales have witnessed a significant growth rate over recent years. According to the International Air Transport Association (IATA), in 2021, 2.14 billion people (i.e., ∼27.6% of the world’s population) shopped for products from online portals. In addition, APAC leads the global e-commerce market, where China accounts for a significant percentage of the regional market growth. As per the International Trade Administration, China is the largest e-commerce market across the world, generating ∼50% of the world’s transactions.

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Emergence of 5G: The 5G network is ∼100 times faster than the 4G network, making real-time data acquisition easier. As the 5G network provides strong connectivity and high-speed data transfer, its demand is increasing across the world. According to the Groupe Speciale Mobile Association (GSMA), 5G penetration across the world is expected to reach 54% by 2030 from 17% in 2022. North America has the highest 5G penetration, with 39% in 2022; it is expected to reach 91% by 2030. 5G penetration in Asia Pacific (except China) and Europe is expected to increase from 4% and 11% in 2022 to 41% and 87% by 2030, respectively.

Geographical Insights: In 2023, North America led the market with a substantial revenue share, followed by Europe and Asia Pacific. Asia Pacific is expected to register the highest CAGR during the forecast period.

Real-Time Location Systems Market Segmentation, Applications, Geographical Insights:

Based on offering, the real-time location systems market is segmented into hardware, software, and services. The hardware segment held the largest share of the market in 2023.By technology, the real-time location systems market is segmented into RFID, UWB, BLE, Ultrasound, Infrared, GPS, Wi-Fi, and ZIGBEE. The BLE segment dominated the market in 2023.In terms of industry vertical, the real-time location systems market is categorized into retail, government and defense, manufacturing, healthcare, logistics, heavy industries, construction, oil and gas, automotive, and others. The healthcare segment held a larger share of the market in 2023.By application, the real-time location systems market is segmented into personnel or staff locating and monitoring, environmental monitoring, access control and security, warehouse management and monitoring, supply chain management and operation automation or visibility, and others. The supply chain management and operation automation or visibility segment dominated the market in 2023.The real-time location systems market is segmented into five major regions: North America, Europe, APAC, Middle East & Africa, and South & Central America.  

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Key Players and Competitive Landscape:

The Real-Time Location Systems Market is characterized by the presence of several major players, including:

Aruba NetworksAiRISTA Flow IncQorvo IncImpinj IncSiemens AGZebra Technologies CorpSonitor Technologies ASStanley Black & Decker IncTeleTracking Technologies IncUbisense LtdSlamcore LtdKudan IncMicrosoft CorpSevensense Robotics AGNavVis GmbH

These companies are adopting strategies such as new product launches, joint ventures, and geographical expansion to maintain their competitive edge in the market.

Real-Time Location Systems Market Recent Developments and Innovations:

“Houston Airports partnered with HPE Aruba Networking””Sonitor and Spectralink announced a strategic partnership””Ubisense announced a strategic partnership with Advanced Realtime Tracking (ART)””Slamcore, a leader in vision-based location mapping, partnered with Intralink”

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Real-Time Location Systems Market Drivers, Challenges, Future Outlook and Opportunities:

The market growth in North America is attributed to the increasing number of internet users. According to the World Bank Group, ~92% of the population in the region uses the Internet. Such high Internet penetration in the region is fueling the growth of the e-commerce industry in North America. According to the Census Bureau of the Department of Commerce, the US retail e-commerce sales for the first quarter of 2024 was US$ 289.2 billion, an increase of 2.1% compared to the fourth quarter of 2023. Thus, the growth of the e-commerce industry is driving the real-time location systems market in North America.

Real-time location systems (RTLS) are used to determine the location of an object or a person. They can accurately locate, track, and manage assets, inventory, or people and help companies make knowledgeable decisions. The system consists of a transponder, a receiver, and software to interpret the data. RTLS transmitters or receivers are spaced throughout a building to provide the desired coverage. RTLS is used across many end-use verticals, such as heavy industries, manufacturing, retail, oil & gas, automotive, transportation and logistics, construction, government and defense, and education. Also, they are used for specific applications such as employee tracking and high-value asset tracking. The growing use of RTLS in the healthcare industry is significantly bolstering the growth of the real-time location systems market. In May 2022, Sonitor (a provider of ultrasound-based RTLS and indoor positioning systems) showcased its flagship SenseTM RTLS technology at the Oracle Cerner Healthcare Conference. The live demonstrations highlighted the clinical benefits of Sonitor’s platform, including enhanced patient care, improved operational efficiencies, and infection control management. The company’s reliable and accurate RTLS technology and seamless integration capabilities have helped the company attract a number of customers desiring RTLS solutions.

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The growing penetration of ultra-wideband (UWB) technology-based RTLS solutions that provide highly accurate positioning data with low power consumption is bolstering the growth of the real-time location systems market. End-use industries, such as healthcare, manufacturing, and logistics, are demanding UWB technology-based RTLS solutions to improve efficiency, shorten lead times, and reduce costs. The rising demand for RTLS solutions from sports, entertainment, and automotive sectors is also driving the market. The availability of indoor tracking is encouraging the healthcare vertical to opt for RTLS, which is expected to further fuel the market growth in the coming years. Bluetooth Low-Energy (BLE) solutions are cheaper and easier to integrate with existing systems and devices, and they offer a detection accuracy of up to 1.5 meters. In May 2023, u-blox launched a u-blox NINA-B5 Bluetooth LE series of standalone modules for the automotive industry. Thus, the growing use of BLE solutions is boosting the growth of the real-time location systems market. Moreover, the abilities of RTLS to analyze and eliminate workflow bottlenecks and save time and money are bolstering the market growth.

The offering segment highlights various components that are used to make up real-time location systems, from physical components to supporting services. Hardware components provide physical infrastructure, while the software components enable the analysis and data processing. On the other hand, the services ensure the successful implementation of the systems. The hardware used for real-time location systems consists of anchors, tags, modules, transceivers, location engine, kits, sensors, and more. These components are integrated with a software solution such as RFID, Wi-Fi, UWB, BLE, ultrasound, IR, GPS, and other systems for tracking and monitoring various assets of an organization. Hardware providers partner with software providers to deploy complete solutions according to the requirements of end users. Industries such as healthcare, manufacturing, logistics, and retail heavily rely on RTLS hardware for asset management, inventory control, personnel tracking, and seamless operations. Similarly, the hardware used for simultaneous localization and mapping (SLAM) consists of sensors such as RGB-D cameras, light detection and ranging (LIDAR), and GPS; processing units such as graphics processing unit (GPU) and single instruction multiple data (SIMD) calculation; and more. These components play a vital role in enabling SLAM technology to build and update maps, operate efficiently and simultaneously, and understand the environment. This helps the implementation of the SLAM technology in various growing industries, such as automotive, oil & gas, government and defense, and others.

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Conclusion:

Increased demand for real-time location systems in developing economies, such as India and China, is expected to create lucrative opportunities for market players in Asia Pacific during the forecast period. The growing manufacturing, retail, and logistics industries are raising the need for asset tracking, fueling the demand for real-time locating systems in the region. The rising demand for RTLS and SLAM in the above industries is pushing the market players to provide advanced solutions to customers. According to the State Council of China, the retail industry is booming in the country with an increased sales of 11% in 2023 accounting 2.24 trillion compared to the previous year. The growing demand for advanced technologies in these countries is expected to fuel the growth of the real-time location systems market in APAC.

With projected growth to $40.70 billion by 2031, the Real-Time Location Systems Market represents a significant opportunity for hardware/component providers, system integrators, investors, RTLS manufacturers, industry stakeholders and end users. By staying abreast of market trends, embracing innovation, and focusing on quality and performance, companies can position themselves for success in this dynamic and evolving market landscape.

Related Report Titles:

RTLS for Healthcare Market Size, Share, & Growth by 2030Maritime Real-Time Positioning System Market Analysis and Forecast by Size, Share, Growth, Trends 2031Real-Time Tracking Management System Market Size and Forecasts (2021 – 2031)Location Intelligence Market Size and Forecasts (2021 – 2031)SLAM Technology Market Size and Forecasts (2021 – 2031)Emergency Location Transmitter Market Size and Forecasts (2021 – 2031)Environmental Monitoring Market Size and Forecasts (2021 – 2031)Warehouse Management System Market Size & Share Report 2030 

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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LEWES, Del., Nov. 12, 2024 /PRNewswire/ — Sben, Inc., a leader in supporting small business owners, is proud to announce the official launch of the Small Business Exchange Network (SBEN). SBEN is a groundbreaking media company dedicated to helping small business owners—especially solo ventures—transition their businesses to the next generation of entrepreneurs. Unlike traditional business brokers, SBEN offers a unique platform that connects business owners with ideal takeover candidates in an innovative and transparent way.

SBEN was created to fill a critical gap in the market. With more than 27 million solo ventures in the United States—representing over 80% of small businesses—many of these entrepreneurs face challenges when it comes to transitioning their businesses. Industry estimates suggest that most solo ventures will not successfully transfer beyond their current owners, leading to significant loss of economic value.

Aftab Jiwani, a lifelong small business owner and founder of SBEN, emphasizes the importance of creating a new approach to business transitions: “SBEN is NOT a business broker. We are here to facilitate the gradual transfer of ownership in a way that benefits both business owners and those seeking self-employment opportunities. Our mission is simple: to help businesses continue thriving by connecting them with people ready to take them to the next level.”

SBEN stands apart from traditional business brokers in several key ways:

No Commission-Based Fees:
Unlike brokers, SBEN does not charge commissions to business sellers or buyers. Instead, SBEN is focused on providing a direct and cost-effective solution for business owners seeking to transition.

A Streaming Network for Business Exposure: Through SBEN.tv available on Apple TV, Fire TV, Roku, Amazon Fire TV, and mobile apps—business owners can showcase their businesses to a broad audience. This allows potential buyers to engage with businesses they might not otherwise have access to.

Ongoing Support for Both Owners and Buyers: SBEN facilitates the business transfer process with attorney-prepared agreements and escrow services, ensuring a smooth and secure transition for both parties.

How SBEN Works:
Business owners can list their solo ventures on SBEN.com with just five simple questions and a short video about their business. From there, SBEN handles all inquiries and ensures the transfer process is seamless and stress-free. The transition is designed to be gradual, so owners can continue earning income over time, while new owners take over and build on the existing customer base.

SBEN also offers a powerful feature for potential business buyers: individuals and families interested in owning a business can sign up for alerts on the types of businesses they are interested in taking over. This helps match the right candidates with the right opportunities.

“If you’ve built a solid business and you’re ready to transition out, SBEN is here to help you do that. It’s a win-win—owners get the chance to recoup the value of their life’s work, and new owners get to realize their dream of being their own boss,” Jiwani says.

SBEN invites all business owners of solo ventures to visit https://www.SBEN.com to learn more and begin the process of listing their business. Whether you’re ready to step into retirement, seek a change, or simply move on to a new project, SBEN is the platform to help your business transition smoothly.

About SBEN
The Small Business Exchange Network (SBEN) is a digital platform and streaming service dedicated to helping small business owners transition their businesses to the next generation of entrepreneurs. Unlike traditional business brokers, SBEN offers a unique approach that connects business owners with takeover candidates through a transparent, model. SBEN is committed to ensuring that small businesses continue to thrive under new ownership, helping entrepreneurs achieve their dreams of self-employment.

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TROY, Mich., Nov. 12, 2024 /PRNewswire/ — Logicalis US, a leading technology services provider, today announced the availability of the Intelligent Security platform, which provides a blueprint approach to its security portfolio designed to deliver proactive advanced security for customers throughout North America.

The Intelligent Security portfolio, designed by Logicalis security specialists, creates an umbrella of standards under which examine solutions that will provide the best results for customers. The portfolio gives customers the most comprehensive observability and protection available, based on tracking and analyzing cyber threats and knowledge of the latest prevention methods deployed across its customer base. At the same time, it enables Logicalis to review its available solutions, whether networking or collaboration or otherwise, through a security lens to provide the best-possible and most secure offerings available.

Logicalis’ tenth annual CIO report found that of the 83% of CIOs who experienced cyberattacks in the last 12 months, only 43% feel prepared for another breach. Intelligent Security is designed to help CIOs manage these pressures, leveraging Logicalis’ security capabilities as well as its relationships with global partners such as Cisco and Microsoft, where the company has earned the highest levels of security accreditations.

“The launch of Intelligent Security in the US underscores our commitment to providing organizations with the tools they need to secure their entire network,” said Jon Groves, CEO of Logicalis US. “While it is common to focus on one area of the security fabric, we recognize that in today’s cyber landscape, there are no silos. From secure connectivity to the cloud to each individual worker’s entry points and more, with Intelligent Security we offer the opportunity to see activity and secure companies across the entire footprint.”

Our Managed Intelligent Security services are underpinned by Logicalis’ Digital Fabric Platform, providing CIOs with deeper-level insights and recommendations to enhance the performance of their entire digital ecosystem. The portfolio delivers a concise and comprehensive proposition for customers, including:

Advisory: Providing customers with a range of advisory services dedicated to helping them understand their security needs and identify the right solutions for their business.Secure workplace: Securing worker communications and devices as remote working continues to impact the workplace security landscape.Secure connectivity: Enforcing zero trust security from edge-to-edge, ensuring networks are robust enough to enable safe IoT, 5G and edge computing.Secure hybrid cloud: Safeguarding cloud environments to ensure data, applications, and IT resources are safe.Secure operations: Providing 24/7/365 best practice proactive threat detection and incident response, across three global security regions, using AI and automation to identify and triage.

Logicalis continues to prove its robust security offer with global achievements including earning Microsoft-verified Managed Extended Detection and Response (MXDR) Partner Status; and being one of only six partners globally working with Cisco to develop an XDR proposition and enhance its Cisco security capabilities.

“Security threats are growing in scale and sophistication, meaning companies are demanding more from their managed security services,” added Groves. “We believe our portfolio, our partnerships, and our investments in cyber talent for the next generation will deliver customers what they need: AI-ready Managed Security with governance and SOC Protection wherever they are in the world.” 

About Logicalis US
We are Architects of Change™. We help organizations succeed in a digital-first world. At Logicalis, we harness our collective technology expertise to help our clients build a blueprint for success, so they can deliver sustainable outcomes that matter.

Our lifecycle services across cloud, connectivity, collaboration and security are designed to help optimize operations, reduce risk and empower employees.

As a global technology service provider, we deliver next-generation digital managed services, to provide our clients with real-time visibility and actionable insights across the performance of their digital ecosystem including; availability, user experience, security, economic performance and sustainability.

Our 7000+ ‘Architects of Change’ are based in 27 countries around the globe, helping our 10,000+ clients across a range of industry sectors, create sustainable outcomes through technology.

Logicalis has annualized revenues of $1.7 billion, from operations in Europe, North America, Latin America, Asia Pacific, and Africa.

It is a division of Datatec Limited, listed on the Johannesburg Stock Exchange, with revenues of over $4.6 billion.

For more information visit https://us.logicalis.com

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