RFID Real Time Locating Systems Market To Reach $1.26 Billion In 2010

Jan. 23, 2006
Manufacturing is one of the key industries that will push the RFID Real Time Locations System (RTLS) market to hit $1.26 billion by 2011. That's quite a leap considering that the 2004 market was at $201.3 million according to a new study by Frost & ...

Manufacturing is one of the key industries that will push the RFID Real Time Locations System (RTLS) market to hit $1.26 billion by 2011. That's quite a leap considering that the 2004 market was at $201.3 million according to a new study by Frost & Sullivan, a Palo-Alto, Calif.-based consulting company.

"The drawbacks of existing systems instigate the need for real time locating system," says Frost & Sullivan research associate Sathya Durga. "The need for real time data is growing in every vertical as it is perceived to provide efficiency and better customer service by providing access to the right information at the right time."

As the market matures the channel members in the RTLS industry face the hurdle of a learning curve on installation. The report suggests that in order for companies to receive results from this type of software customized training should be provided.

Frost & Sullivan

Interested in information related to this topic? Subscribe to our weekly RFID eNewsletter.

Popular Sponsored Recommendations

Drive Industry 4.0 Results with Machine Learning

Aug. 9, 2023
Discover the key to smarter, faster, more cost-efficient growth.

Guide to Turning Product Data into Profitable Content and Experiences

Sept. 11, 2023
Businesses can lose up to 9.5% of their annual revenue due to bad digital experiences. This guide highlights the need for enriched product content to deliver profitable content...

3D Printing a More Efficient Factory Floor

Nov. 16, 2023
Today’s additive manufacturing platforms make it simple to print a wide range of high-performing industrial parts as soon as possible and right where you need them — unlocking...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!