Real-time tracking of objects & people indoors (warehouses, hospitals, factories)
Unveiling the Power of Real-Time Location Systems (RTLS) real-time location systems (RTLS) market size is expected to grow from USD 5.2 billion in 2023 to USD 16.2 billion by 2028, at a CAGR of 25.5% from 2023 to 2028. In today’s dynamic environments, knowing the whereabouts of people, assets, and equipment is no longer a luxury, it’s a necessity. Real-time Location Systems (RTLS) step in to bridge this gap, offering a powerful solution for tracking the location and movement of objects within a defined space, typically indoors. Here, we delve into the world of RTLS, exploring its functionalities, benefits, and applications. Beyond Traditional Tracking: Imagine a vast warehouse where misplaced inventory can stall operations. Or a hospital where locating vital medical equipment can be critical. Traditional methods, like manual searches or barcode scanning, often prove inefficient and time-consuming. RTLS offers a real-time solution, continuously pinpointing the location of tagged object