Live Breaking News & Updates on Ardware Costs Will Drop Drastically As The Industry Moves Away From Proprietary Systems To Reduce Vendor Lock In

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 ....

City Of , United Kingdom , Mark Qi , Deborah Petrara , Juniper Networks , Research Indoor Positioning , Location Technologies Research Analyst , Real Time Location Systems , Cooper Lighting , Indoor Positioning , Location Technologies , Market Data , Rtls Vendors Are Starting To Offset Declining Hardware Sales With Service Models Such As Analytics And Device Management London , Sept 8 , 022 Prnewswire Real Time Location Systems Rtls Are Now An Underutilized Solution In Most Factories , Smart Offices , Nd Other Businesses Today , Outique Systems Offered By Solution Providers Leverage Standalone Deployments With Proprietary Hardware To Help Drive Revenue However , Ardware Costs Will Drop Drastically As The Industry Moves Away From Proprietary Systems To Reduce Vendor Lock In , Increase Interoperability , Nd Reduce The Initial Costs Of Investments Asa Result , Uch Of The Industry , Ncluding Many Traditional Hardware Vendors , S Looking To Diversify Its Portfolio And Complement Hardware Sales By Monetizing Deployments Through Services Models Augmented Additional Features Such As Analytics Device Management According Global Technology Intelligence Firm Abi Research , Tlsservice Revenue Will Be Worth Us 3 7 Billion In 2022 And Rise To 24 9 By 2030 , Ta Cagr Of 26 8 Quot As Rtls Hardware ,