Rising Usage of Smartphones to Boost Global Location-Based Services (LBS) and Real Time Location Systems (RTLS) Market

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Location-Based Services (LBS) and Real Time Location Systems (RTLS) Market

San Francisco, California, August 08, 2018 – Real-time location systems and location-based services are an interconnection of innovations that is surging up progressively because of the increasing utilization of cell phones, the growing refinement with which a cell phone user can locate the other person, and commercial significance of the geographical data picked up from the usage of cell phones. Real-time location systems make utilization of the advanced mapping services of present cell phones to give precise location, while location-based services give a stage to outside users to utilize the location data for various purposes.

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The market for global location-based services (LBS) and real time location systems (RTLS) has expanded throughout the years because of surge in the number users who are using smartphones, rise in competition in the market, and increased popularity of business intelligence.

Life sciences and healthcare are the two major contributors in the application segment of the global location-based services (LBS) and real time location systems (RTLS) market. A few user-based firms, for example, hospitals utilize location facility to offer their services. The Geographic Information System (GIS) innovation offers different facilities, for example, efficiency in collection of field data and reporting, and through deep insights and web based mapping, it supports surveillance of disease and treatment.

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The global location-based services (LBS) and real time location systems (RTLS) market on the basis of geography is categorized into Europe, Asia Pacific, Americas, and Rest of the World. Among these, the nations of Asia Pacific, India and China significantly affected the development of the global location-based services (LBS) and real time location systems (RTLS) market. Governments’ drives to standardize RTLS and LBS innovations and rising demand for upgrading the supply chain activities are a couple of the key driving factors contributing in the market growth.

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