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Real-Time Location Systems Market Skyrockets to $40.70 Billion by 2031 Dominated by Tech Giants – Aruba Networks, AiRISTA Flow Inc and Qorvo Inc | The Insight Partners

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The global real-time location systems market is set for explosive growth, with projections indicating a surge to $40.70 billion by 2031. This remarkable expansion, driven by increase in demand for tube and clamp scaffolding.

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.  

Purchase Premium Copy of Global Real-Time Location Systems Market Size and Growth Report (2023-2031) at: https://www.theinsightpartners.com/buy/TIPTE100000390/

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 

About Us:

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.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Ankit Mathur
E-mail: ankit.mathur@theinsightpartners.com
Phone: +1-646-491-9876
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Cineverse Podcast Network Expands with Midnight Pulp and RetroCrush Audio Series, and New True Crime Show Creepy Places

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New Shows Join Top-10 Podcast Network as it Celebrates Record Growth Driven by Popular Horror Lineup Under the BloodyFM Sub-brand

LOS ANGELES, Nov. 25, 2024 /PRNewswire/ — Cineverse Podcast Network, the audio division of next-gen entertainment studio Cineverse (Nasdaq: CNVS), has today announced a major expansion that goes well beyond its horror roots. Now home to popular entertainment, true crime and horror podcasts, the Cineverse Podcast Network is well-positioned to build upon its recent success.

In fact, Cineverse has grown its podcast revenue 98% during the fiscal quarter that ended Sept. 30 year over year and 60% from the previous quarter. The Cineverse Podcast Network also recorded 15 million downloads and listens in October, setting a new monthly record.

Among the drivers of this growth is Creepy Places: A True Crime Podcast, which recently launched via a partnership between Cineverse’s fan-first horror brand Bloody Disgusting and host Jon Grilz. The popular show at the intersection of true crime and historical hauntings has attracted 1.3 million monthly downloads since premiering in September and joins other additions to Cineverse’s growing podcast portfolio:

The iconic horror brand Dead Meat brings its dedicated fan base and over 200 episodes to Cineverse with the recently signed Dead Meat Podcast, hosted by Chelsea Rebecca and James A. Janisse, creators of the Dead Meat YouTube channel with over 6.6 million subscribers.Extending Cineverse’s popular action/cult movie streaming brand of the same name, Midnight Pulp will premiere in 2025. Hosted by Diana Prince, who plays “Darcy the Mail Girl” on Shudder’s top series The Last Drive-in with Joe Bob Briggs, each episode of the podcast will explore an entry from the streaming video channel, with Prince taking questions from listeners on everything from relationship advice to movie recommendations.Following a soft launch earlier this year, RetroCrush is Cineverse’s first official podcast created for anime fans. Hosts Malcolm Crawford, C2 and “it’s Eman” – three well-known anime fans – explore the hidden gems and popular shows featured on Cineverse’s RetroCrush streaming channel in weekly episodes.

“From partnering with talent and IP that come with pre-existing fan bases, to leveraging our owned-and-operated brands like Bloody Disgusting, Midnight Pulp and RetroCrush – all part of the company through strategic acquisitions from the past few years – we have quietly built one of the industry’s top podcast networks,” said Cineverse President and Chief Strategy Officer Erick Opeka. “Creators and partners – including advertisers, platforms and studios – are seeing this success and now coming to us to explore opportunities to work together in audio, and we are well-positioned to grow even further in the new year.”

These new podcasts follow other recently released shows on the Cineverse Podcast Network:

Mayfair Watchers Society: The chart-topping fiction podcast returned in May with Season 2, featuring 24 episodes every other week. Created in partnership with Trevor Henderson, the author of Scarewaves and prominent horror artist, the series brings Henderson’s creatures to life and features a full cast, original music and immersive sound design.Nightmare Soup: The horror fiction anthology podcast also premiered earlier this year, taking listeners back to their favorite horror stories from childhood. Inspired by iconic books like Scary Stories to Tell in the Dark and Goosebumps, the 10-episode series airs every other Sunday.

Now home to more than 50 shows and ranking among the top 10 podcast networks by audience, the Cineverse Podcast Network has set the stage for significant ad sales growth over the next few quarters.

ABOUT CINEVERSE

On a mission to uplift storytellers and entertain fans with the power of technology, Cineverse  (NASDAQ: CNVS) distributes over 71,000 premium films, series, and podcasts. Engaging over 150 million unique monthly users, Cineverse delivers more than one billion minutes of curated content each month – connecting fans with stories that resonate.

With properties like the box office sensation Terrifier 3, iconic horror destination Bloody Disgusting, the Bob Ross Channel, women’s entertainment channel Dove, and a leading podcast network, Cineverse is the first stop for audiences seeking authentic and experiential content. From a vibrant range of content and fandom channels, to next-gen advertising offerings and streaming solutions, Cineverse is setting the stage for a new era of entertainment.

Press Contacts:

For Media
The Lippin Group for Cineverse, cineverse@lippingroup.com

For Investors
Julie Milstead, investorrelations@cineverse.com

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SOURCE Cineverse Corp.

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Neighborly Appoints Stacy Lynn Bourgeois as Chief Marketing Officer

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WACO, Texas, Nov. 25, 2024 /PRNewswire/ —  Neighborly®, the world’s largest home services company, today announced the appointment of Stacy Lynn Bourgeois as its new Chief Marketing Officer (CMO), effective December 2. She will serve as a member of Neighborly’s corporate leadership team and report directly to CEO Mike Davis.

Stacy Lynn brings a wide array of experience in business and brand strategy, organizational leadership, customer insight, data analytics, and marketing technology,” said Davis. “Her expertise and innovative approach to marketing will be instrumental in helping us better connect with our customers, differentiating our brands, making Neighborly and our service brands ridiculously easy to do business with while navigating an increasingly competitive landscape.”

The fanatical focus on the end consumer also serves Neighborly’s core mission of driving same-store sales growth with its franchise business owners. Bourgeois’ mixed background in both franchising and non-franchised business makes her uniquely qualified to deliver for both our customers, end-consumers, and franchise business owners.

Bourgeois is a strategic marketer who has driven double-digit growth while compiling a breadth of experiences. Throughout her career, she has launched new physical and digital products as well as a new restaurant concept at Yum! brands, stood up several new teams such as performance marketing and data science, implemented a new marketing technology stack, and led Pizza Hut through an agency review and countless creative campaigns.

She joins Neighborly from Amazon, where she broadened her scope from marketing to business more holistically in roles such as Global Head of Product, Quality & Operations for Amazon Renewed or U.S. Head of Musical Instruments. In her time with Amazon, she’s enhanced the discoverability of preowned products, increased conversion rates, simplified customer experience, improved operations, and owned a multibillion-dollar P&L. Even in general management-focused roles, she’s anchored on driving growth through the customer – such as offering free lessons with an instrument purchase on Amazon.

I am thrilled to be joining the incredible team at Neighborly and support our franchise owners,” said Bourgeois. “Customers invite Neighborly and our brands into their homes, which is deeply personal and requires tremendous trust. My goal is to earn this trust by listening to and innovating for customers in a way that builds lasting relationships with our amazing brands.”

Bourgeois will be based in Irving, Texas.

About Neighborly®

Neighborly® is the world’s largest home services company with more than 30 brands and 5,500 franchises collectively serving 14 million+ customers by repairing, maintaining, and enhancing their homes and businesses. Through Neighborly.com and the Neighborly mobile app, we connect consumers to local service providers that meet rigorous franchisor standards across 19 service categories. More information about Neighborly, and its franchise concepts, is available at Neighborlybrands.com. To learn about franchising opportunities with Neighborly, click here.

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SOURCE Neighborly

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EHA Highlights Commitment to Innovation and Collaboration at ASH Annual Meeting

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THE HAGUE, Netherlands, Nov. 25, 2024 /PRNewswire/ — The European Hematology Association (EHA) will showcase its dedication to advancing research and fostering collaboration at the 66th American Society of Hematology (ASH) Annual Meeting and Exposition from December 7-10, 2024, in San Diego, California, USA.

The partnership between EHA and ASH is testament to both organizations’ commitment to progress and improving patient care. The EHA-ASH Joint Symposium, scheduled for Sunday, December 8 from 12:30-13:30 (PDT), will focus on myelodysplastic syndromes, showcasing expert insights from Amy DeZern of Johns Hopkins University and Matteo Della Porta of Humanitas Cancer Center. EHA President Antonio Almeida remarked, “The collaboration between EHA and ASH holds immense significance for the global medical community. Both organizations serve as pivotal platforms for advancing the understanding, research, education, and treatment of blood disorders. […] By combining our strengths, together, we can enhance research, education, advocacy, and patient care, generating significant benefits that resonate across nations and communities.” This joint session is another milestone in a fruitful collaboration that continues to shape the future of hematology.

In 2024, EHA reached unprecedented levels of engagement, connecting more professionals than ever. Membership surged by 25%, bringing EHA’s community to over 8,300 members, and the EHA2024 Congress attracted a record-breaking 17,900 delegates. This growth reflects EHA’s commitment to a member-focused approach, empowering professionals to exchange knowledge, collaborate on research, and share best practices on a global scale.

HemaSphere, EHA’s peer-reviewed journal, has recently achieved a significant milestone with a 2023 Impact Factor of 11.9, ranking it seventh among hematology journals globally. This development is a testament to the high-quality, cutting-edge research that HemaSphere publishes and its value to the hematology community.

With a vision for “Borderless Hematology,” EHA will continue to drive global connectivity, innovation, and excellence.

ASH delegates are invited to learn about EHA at booth #300.

About EHA

The European Hematology Association (EHA) is a membership organization serving a community of over 8,000 medical professionals, researchers, and scientists with an active interest in hematology. EHA is the largest Europe-based organization connecting hematologists worldwide and supports career development and research, harmonizes hematology education, and advocates for hematologists and hematology.

Website: www.ehaweb.org

“Towards prevention, cure, and quality of life for all patients with blood disorders”.

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SOURCE European Hematology Association (EHA)

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