Indoor Location Market to 2023 – Growing Steady at 42.0% CAGR and Projected to Reach US$ 40.99 Billion

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The Global Indoor Location Market size is expected to grow from US$ 7.11 Billion in 2017 to US$ 40.99 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 42.0% during forecast period. This report spread across 169 Pages, Profiling 12 Companies and Supported with 84 Tables and 46 Figures is now available in this market research.

Most Popular Companies in the Indoor Location Market include are Apple (US), Broadcom (US), Cisco Systems (US), Ericsson (Sweden), GeoMoby (Australia), Google (US), Micello (US), Microsoft (US), Qualcomm (US), Senion (Sweden), STMicroelectronics (Switzerland), and Zebra Technologies (US).

“In Terms of growth rate, the sensor and tag-based technology is expected to record the highest growth rate in the indoor location market during the forecast period.”
Among the Technologies, the sensor and tag-based technology is a high-growth segment in the indoor location market. To monitor natural phenomena, such as heat, pressure, humidity, and air pollution, in a certain indoor space, multiple sensors are integrated with connected devices. Tags are also used to monitor products and assets in the retail and manufacturing verticals respectively. Adoption of the sensor and tag-based technology is increasing, due to the easy adoption of technology.

“The Cloud-Based deployment mode is expected to have the larger market size than the on-premises segment.”
The Cloud Deployment mode is expected to have the larger market size than the on-premises segment. Cloud-based indoor location solution providers are developing robust cloud-based solutions for their users. Additionally, organizations are migrating to either a private or a public cloud. Moreover, the cloud deployment mode provides flexibility for business operations and can also be integrated with predictive analytics to provide real-time business insights.

“North America is expected to witness the largest market size in the indoor location market during the forecast period.”
North America is expected to lead the indoor location market with significant Research and Development (R&D) as well as technological advancements in the indoor location technology. Consequently, several North American companies and industries are strategically adopting the indoor location technology at various levels to succeed in the respective market and increase productivity.

Breakdown of primary participants’ profile:
• By Company Type: Tier I- 18%, Tier II- 40%, and Tier III- 42%
• By Designation Level: C-Level- 34%, D-Level- 28%, and Others- 38%
• By Region: North America- 32%, Europe -28%, MEA- 22%, and APAC- 18%

Report Highlights:
The Objective of the report is to define, describe, and forecast the indoor location market size on the basis of components (technology, software tools, and services), deployment modes, applications, verticals, and regions. The report aims to provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the market growth, and it tracks and analyzes the market scenario on the basis of the technological developments, product launches, partnerships, acquisitions, and business expansions related to the market

Target Audience for Indoor Location Market : Business organizations, Indoor location Software Development Kit (SDK) providers, Indoor location platform providers, Cloud service providers, Research organizations, Investors and venture capitalists, System integrators, Value-Added Resellers (VARs) and distributors, Service professionals, Government authorities/non-profit associations, Compliance regulatory authorities.

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