The Latin America, Middle East and Africa Real-time Location Systems Market would witness market growth of 28.9% CAGR during the forecast period (2021-2027).
Hospitals can increase staff communication, convert manual entry into electronic health records (EHR), and monitor the status of samples sent to the lab by incorporating clinical mobility throughout their businesses. Furthermore, there are many organizations that are using RTLS to track medical equipment, supplies, and specimens, and many want to use it to boost operational efficiency.
Navigational systems and mobile phones, for example, have real-time locating systems built-in. Wireless nodes, which are usually tags or badges that produce signals, are also included in the systems. Inventory & asset tracking fleet tracking, navigation, people tracking, & network security are among applications of real-time locating systems. For example, fleet-tracking systems allow a company to follow a vehicle's location and speed, optimize routes, schedule jobs, and analyze driver productivity. Additionally, Wi-Fi Protected Access (WPA) restricts the physical places where users can connect to the limited access.
Due to increased government backing and initiatives for the use of real-time location systems, the Middle East and Africa area is predicted to grow positively throughout the forecast period. Furthermore, substantial investments in technology and rising applications of solutions over different sectors would fuel the real-time location system market. As real-time location system technology becomes more widely available, patients will be able to search for nearby hospitals and labs at their leisure.
The UAE has a solid healthcare infrastructure as among the most economically developed and diversified economies in the Middle East. The UAE government has made building a world-class healthcare infrastructure a primary priority, and as a response, the industry has grown and grown tremendously in recent years.
The Brazil market dominated the LAMEA Real-time Location Systems Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $298.7 million by 2027. The Argentina market is poised to grow at a CAGR of 29.6% during (2021 - 2027). Additionally, The UAE market would witness a CAGR of 28.6% during (2021 - 2027).
Based on Technology, the market is segmented into RFID, Ultra-Wideband, Wi-Fi, ZigBee, Infrared and Others. Based on Industry, the market is segmented into Healthcare, Manufacturing & Processing, Retail, Transportation & Logistics and Others. Based on Component, the market is segmented into Hardware, Software and Services. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Real-time location systems Market is Predict to reach $18.5 Billion by 2027, at a CAGR of 26.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Impinj, Inc., Zebra Technologies Corporation, Stanley Black & Decker, Inc., Cerner Corporation, Lockheed Martin Corporation, Hewlett Packard Enterprise Company, General Electric (GE) Co., Alien Technology, LLC, Tracktio, and Savi Technology, Inc.
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