RTLS vendors are starting to offset declining hardware sales with service models such as analytics and device management LONDON, Sept. 8, 2022 /PRNewswire/ Real-Time Location Systems (RTLS) are now an underutilized solution in most factories, warehouses, hospitals, smart offices, and other businesses. Today, boutique systems offered by solution providers leverage standalone deployments with proprietary hardware to help drive revenue. However, hardware costs will drop drastically as the industry moves away from proprietary systems to reduce vendor lock-in, increase interoperability, and reduce the initial costs of investments. As a result, much of the industry, including many traditional hardware vendors, is looking to diversify its portfolio and complement hardware sales by monetizing deployments through services models augmented by additional features such as analytics and device management. According to global technology intelligence firm ABI Research, RTLSservice revenue will be wo
RTLS vendors are starting to offset declining hardware sales with service models such as analytics and device management LONDON, Sept. 8, 2022 /PRNewswire/ Real-Time Location Systems
RTLS vendors are starting to offset declining hardware sales with service models such as analytics and device management LONDON, Sept. 8, 2022 /PRNewswire/ Real-Time Location Systems (RTLS) are now an underutilized solution in most factories, warehouses, hospitals, smart offices, and other businesses. Today, boutique systems offered by solution providers leverage standalone deployments with proprietary hardware to help drive revenue. However, hardware costs will drop drastically as the industry moves away from proprietary systems to reduce vendor lock-in, increase interoperability, and reduce the initial costs of investments. As a result, much of the industry, including many traditional hardware vendors, is looking to diversify its portfolio and complement hardware sales by monetizing deployments through services models augmented by additional features such as analytics and device management. According to global technology intelligence firm ABI Research, RTLSservice revenue will be wo