DUBLIN, Nov 12, 2010 (BUSINESS WIRE) -- Research and Markets (http://www.researchandmarkets.com/research/ee2271/asia_pacific_real) has announced the addition of Frost & Sullivan's new report "Asia Pacific Real Time Location System (RTLS) Market" to their offering.
This Frost & Sullivan research service titled Asia Pacific RTLS Market Beyond Just Traditional Track and Trace provides an in-depth analysis of the market drivers and restraints, industry trends, and competitive environment in addition to the challenges and issues faced by market participants. In this research, Frost & Sullivan's expert analysts thoroughly examine the following: tags, readers, middleware, and system integration.
Market Overview Asia Pacific Real Time Location System (RTLS) Market - Beyond Just Traditional Track and Trace The Asia Pacific real-time location system (RTLS) market is poised for high growth as the technology offers a high level of precision in location tracking compared to other existing methods. Companies have realized that a surefire route to more efficiently managed operations is through better manageability of their resources, both in terms of assets and personnel. RTLS is a means to achieve this end. Unlike other track and trace technologies, RTLS offers a higher granularity. This is essential for numerous applications, which require a greater degree of accuracy. Various governments along with industry-based associations have been investigating and promoting RFID usage across verticals to highlight potential benefits. Although RTLS is relatively a nascent technology and is more prevalent in North America and Europe, the Asia Pacific community is now beginning to understand what RTLS has to offer, notes the analyst of this research service. The region on the whole is beginning to see more deployments taking place in the enterprise across various verticals including the healthcare, manufacturing and logistics, transportation, and emerging markets such as personnel tracking.
Despite the bright outlook, the RTLS market is not without its challenges. RTLS technology is still in the nascent stage. Hence, there is lack of standards governing the usage of this technology, which is a major barrier for widespread adoption. A more collective effort by all vendors in setting up standards will be vital for the overall acceptance of RTLS in the global market. To ensure that RTLS technology is more standards driven, vendors are required to form a working group and collaborate their innovations on an agreed set of platform or architecture. Apart from this, the total cost of ownership of this technology remains a major impediment to market penetration. Both hardware and system integration cost can be significant, especially for larger scale rollouts; hence, many potential end users prefer to wait for the cost of RTLS to reduce before embarking on an initiative.
In order not to only grow but also ensure survivability during this current economic meltdown, stakeholders need to be more dynamic and be willing to invest in areas where strong promise of ROI is achievable. Initial results have shown that RTLS provides tremendous promise in cost saving activities, besides significantly improving operational efficiency and enhancing security levels, which are also critical in running any organization. Proper feasibility studies or cost benefit analysis obviously need to be conducted first, and once potential gains are deduced, stakeholders need to push ahead and lead towards an RFID initiative in order to bring its operations to a higher level, says the analyst. Stakeholders need to be more aggressive and seriously consider leveraging on RTLS as a technology to enable a more competitively run enterprise as this is crucial for long-term sustainability and profitability.
Market Sectors Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research: By End-user Vertical Security Transportation Healthcare Livestock Supply chain Key Topics Covered: 1. Executive Summary 2. RTLS Market Overview 2.1 Introduction 2.2 Types of RTLS Technologies 2.3 Market Engineering Measurements 2.4 Industry Challenges 2.5 Market Drivers 2.6 Market Restraints 3. Market Trends 3.1 Market Dynamics 4. Technology Trends 4.1 Technology Dynamics 5. Regional Revenue Forecast 6. Conclusion For more information visit http://www.researchandmarkets.com/research/ee2271/asia_pacific_real SOURCE: Research and Markets CONTACT: Research and Markets Laura Wood, Senior Manager email@example.com U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 Copyright Business Wire 2010 -0- KEYWORD: Asia Pacific INDUSTRY KEYWORD: Technology