Location of Things (LoT) Market Global Production, Growth, Share, Demand and Forecast to 2027 – ESRI, Alphabet Inc. (Google), HERE Technologies, IBM Corporation, Microsoft, Navizon Inc., Qualcomm Incorporated, Skyhook, Trimble Inc., Wireless Logic Limit

Factors such as growing emphasis towards enhanced customer experience coupled with increase in number of connected devices are expected to the major factors expected to boost the growth of indoor location market in the coming years. Also, North America and Asia-Pacific region are anticipated to provide numerous profitable opportunities for the market players operating in the indoor location market in the coming years.

Market Insights

Increasing scope of application for indoor location to propel the market growth

Despite of emerging instances of the large scale indoor location system majority of the enterprises up till now have been testing these systems on a smaller scale, subsequently capturing the successes and later analyzing and designing the business case for large-scale deployments. Year 2019 onwards the indoor location market is anticipated to witness rollout for the large scale deployment of these indoor location services across numerous industry verticals. Sophistication of the connectivity and sensing technology in devices, advent of open ecosystem enabling the organizations to build more flexible business models and wide availability of the low-cost sensors and tags are some of the factors that would contribute to the growth in coming years. Logistics & transportation, manufacturing, and smart building are some of the prominent sector projected to experience this growth. Thus, the indoor location market is expected to provide substantial lucrative business opportunities for the indoor location market players in the coming years. Currently, the remote monitoring, inventory management, and predictive asset analytics collectively accounted for almost half of the global indoor location market by application in 2018. Moreover, the indoor location market for customer experience management is expected to grow with a CAGR of 27.6% in the coming years.

Leading Location of Things (LoT) Market Players:
ESRI
Alphabet Inc. (Google)
HERE Technologies
IBM Corporation
Microsoft
Navizon Inc.
Qualcomm Incorporated
Skyhook
Trimble Inc.
Wireless Logic Limited

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Increase in number of internet connected devices

Through advancement in positioning technologies the location positioning and navigation capabilities has improved significantly in the past decade. Further, the growing popularity of location based services especially for smartphones has gained substantial momentum in the past few years. As a result, the leading retailers and luxury retail brands are increasingly focusing on optimizing of marketing strategies towards their loyal customers through adoption of indoor location services for offering more exclusive offers. Subsequently, the retail industry is anticipated to be one of the major market driving forces for indoor location market in the coming years.

Application Insights

The inventory management segment is projected to witness a lucrative CAGR growth of 28.3% in the global indoor location market. The application for indoor location in recent years has witnessed a drastic increase across the globe. These applications vary from customer assistance and marketing to disaster management and recovery, asset management & tracking, security. The demand for warehouse space has exploded in recent years as eCommerce continues to grow. But it’s not just about the space. Customer expectations have evolved, which means warehouses need to operate more efficiently and extend services that reflect the customer journey. Often, this means embracing innovation and establishing new processes quickly. Indoor mapping and positioning technology for the inventory management streamlines the steps involved, cutting down on the time it takes to complete them. As a result, the growing scope of application is anticipated to drive the market growth of indoor location market in the forecast period.

Global Location of Things (LoT) Market – By Application

Mapping & Navigation
Asset Management
Location Intelligence
Media & Marketing
Global Location of Things (LoT) Market – By Industry Verticals

Retail
Industrial
Transportation & Logistics
Government & Utilities
Defense
Media & Entertainment
Healthcare
Others

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Reason to Buy

– Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Location of Things (LoT) Market
– Highlights key business priorities in order to assist companies to realign their business strategies.
– The key findings and recommendations highlight crucial progressive industry trends in the Location of Things (LoT) Market, thereby allowing players to develop effective long term strategies.
– Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
– Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
– Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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