Global Indoor Location Market, By Component (Technology, Software Tools, Services), Application (Sales & Marketing Optimization, Customer Experience Management, Remote Monitoring, Inventory Management, Predictive Asset Analytics, Risk Management, Emergency Response Management), Vertical (Retail, Transportation, Entertainment, Hospitality, Public Buildings, Others), Deployment Mode (Cloud, On-Premises), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Indoor Location Market
The indoor location market will reach at an estimated value of USD 357.80 billion and grow at a CAGR of 40.05% in the forecast period of 2021 to 2028. Rising inefficiency of the GPS technology in indoor premises is an essential factor driving the Indoor location market
Indoor location deals with tracking an object present in an indoor location. For tracking such objects indoor positioning system or IPS technology is used which can help in locating humans or any object inside an organization with the help of signals. It is extensively applicable in retail, transportation, entertainment, hospitality, public buildings, and others
Rising reliable assistance from governments for ensuring public safety is a crucial factor accelerating the market growth, also rising number of applications powered by beacons and BLE tags, rising integration of beacons in cameras, LED lightings, POS devices, and digital signage, increasing proliferation of smartphones, connected devices, and location-based applications among customers and rising inefficiency of the GPS in an indoor environment are the major factors among others boosting the indoor location market. Moreover, rising demand for RFID tags across the retail industry, rising demand for indoor location technologies to support lean automation and robotic processes and rising research and development activities in the market will further create new opportunities for indoor location market in the forecast period mentioned above.
However, rising data and security concerns and increasing stringent government rules and regulations are the major factors among others restraining the market growth, and will further challenge the indoor location market in the forecast period mentioned above.
This indoor location market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the indoor location market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Indoor Location Market Scope and Market Size
The indoor location market is segmented on the basis of component, application, vertical and deployment mode. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, the indoor location market is segmented into technology, software tools and services.
- Based on application, the indoor location market is segmented into sales & marketing optimization, customer experience management, remote monitoring, inventory management, predictive asset analytics, risk management and emergency response management.
- Based on vertical, the indoor location market is segmented into retail, transportation, entertainment, hospitality, public buildings and others.
- The indoor location market is also segmented on the basis of deployment mode into cloud and on-premises.
Indoor Location Market Scope Country Level Analysis
The indoor location market is analysed and market size, volume information is provided by country, component, application, vertical and deployment mode as referenced above.
The countries covered in the indoor location market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the indoor location market due to rising number of applications powered by beacons and BLE tags, rising rapid increase in the adoption of indoor location as a demand for customized indoor location solutions due to the increasing use of proximity-based solutions in the retail sector in this region. Asia-Pacific is the expected region in terms of growth in smart lecture capture market due to rising indoor location technologies coupled with rising demand for customization in offerings in this region.
The country section of the indoor location market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Indoor Location Market Share Analysis
The indoor location market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to indoor location market.
The major players covered in indoor location market report are Apple Inc., Telefonaktiebolaget LM Ericsson, Microsoft, Broadcom, Gbrmpa, HERE, Qualcomm Technologies, Inc., Senion, Zebra Technologies Corp., STMicroelectronics, AeroScout Industrial, Ekahau, Hewlett Packard Enterprise Development LP, AISLE411, Glopos Technologies, IndoorAtlas Ltd., Navizon Inc, Nearby Now and Sensewhere among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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