Real-time Location Systems Market Regional Analysis

North America is forecasted to emerge as the leader in terms of global real-time location system demand outlook. Quick adoption of real-time location systems by businesses in this region and the presence of a strong technological infrastructure has allowed this region to hold sway over others. Canada and the United States are estimated to be the most opportune markets for suppliers of real-time location systems in this region. The favorable regulatory environment and presence of key real-time location systems companies also aid the dominance of this region. Military and defense industry will drive innovation in real-time location systems for North American countries going forward.

Rapid digital transformation and rising demand for asset tracking are allowing Asia Pacific to emerge as the fastest expanding market for real-time location systems companies. High investments in development of connectivity infrastructure, rising technological proliferation in multiple industry verticals, and evolving consumer preferences are all expected to directly or indirectly boost the adoption of real-time location systems in this region. China, Japan, and India are slated to be the key markets for all real-time location systems companies looking to make a mark in the Asia Pacific region. Supportive government initiatives are also expected to create new opportunities for real-time location systems providers going forward.