Real Time Location Systems Industry to Reach $22 Billion in 2020

Quake Global announces the real time location systems industry to reach $22b in 2020.

Quake Global has announced that the RFID market was valued in the region of $9.5 billion in 2014 and is projected to reach an impressive $22 billion this year. RFID (Radio Frequency Identification) is small electronic devices that are made up of readers and tags. The real time location systems work similar to bar code systems, but with added benefits including being able to scan numerous items at the same time, rather than one individual item at a time. This can save valuable time, energy and money in the long run.

Real time location systems offer a number of advantages over the bar code systems. The systems are used to improve efficiency at the operational level, tracking and managing assets, people, equipment and inventory. There are two types of readers available; active and passive. The active devices require power and rely on connection to electricity, while passive RFID readers rely on electromagnetic waves discharged by the reader. Passive tags take up approximately seventy percent of the RFID industry.

The retail market holds onto the largest share of the RFID market, accounting for more than thirty percent in 2014.Meanwhile, the demand for these systems in the transport and logistics industry continues to rise in 2020. The RFID market is growing for inventory, product management, anti-counterfeiting, asset tracking and more.

Paula Dycalco, the Director of Marketing at Quake Global, said “North America has embraced RFID technology and accounted for more than forty-four percent of the RFID market share in 2014. Real time location systems have grown in demand in the health care industry, especially during the current COVID-19 pandemic. They enable medical staff to quickly locate patients, samples, equipment and more in real time, saving time and energy.”

Quake Global remains a leading choice for quality real time location systems in health care. The team is delighted with their success as the demand for their RFID systems continues to rise in the third quarter of 2020. The experienced team at Quake Global is working hard behind the scenes, ensuring they continue to provide clients with first class services to improve their tracking and monitoring moving forward.

About Us: Quake Global is a leading provider of synchronized relevant data on demand. This company has a proven track record as the pioneer of machine to machine development. They have been supplying powerful stand alone and integrated solutions to clients in a host of industries since 1998. Quake Global caters to the transport, logistics, industrial and health care industries on a global scale offering real time data via cell, Wi-Fi, RFID and satellite. Their cloud-based system provides actionable data, network flexibility and adaptable products that clients can count on. To find out more, visit https://www.quakeglobal.com.