Indoor LBS Market 2027 Global Significant Growth, Technological Advancement, Comprehensive Study on Key Players: Google(US), Apple(US), HERE Maps(FI), Aisle411(US), Broadcom(US), IndoorAtals(FI), Senion(SE),

Increasing penetration of connected devices, such as mobile phones and tablets, worldwide is expected to drive the market over the forecast period. Furthermore, rising use of location-based services for promotional applications is anticipated to stimulate the growth of the market over the coming years.

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Market Segment by Manufacturers, this report covers Google(US), Apple(US), HERE Maps(FI), Aisle411(US), Broadcom(US), IndoorAtals(FI), Senion(SE),

Infrastructure development such as retail malls, parks, educational institutes, and hospitals provide lucrative scope for implementation of location-based services (LBS) for navigations and tracking purposes. Moreover, increasing deployment of local area network and home area networks, such as Wi-Fi and WLAN, is projected to provide an upthrust to the indoor LBS market over the forecast period.

Advancements in infrastructure facilities such as shopping malls, skyscrapers, and hi-tech parks across various regions are leading to increased implementation of indoor LBS. Most of the educational institutes and business organisations worldwide are adopting virtual private networks (VPNs) for data protection, which enables them to adopt location-based services.

Indoor LBS is also used to provide assistance and security. Spiraling use of monitoring devices by government authorities to track public activities is also poised to stoke the growth of the market. Apart for this, growing implementation of location-based services in the retail sector for promotional purposes is likely to benefit the growth of the market.

Technological advancements are encouraging industry players to use analytics and business intelligence to enhance location accuracy, thereby increasing tracking efficiency. However, real-time accuracy of the information remains a challenge for industry participants.

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North America was the largest regional market for indoor LBS. The region is home to key industry players operating in the market that have pioneered development of location-based service technologies for various applications. Moreover, these companies are very aggressive when they come to service innovation, as a result of which, the application portfolio of indoor LBS continues to expand.

Asia Pacific is poised to be the fastest growing region during the forecast period. Growing penetration of retail companies in the region is likely to augment the regional market. Furthermore, infrastructural development, such as commercial offices, townships, and shopping malls, in the region is offering lucrative opportunities for implementation of location-based services.

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