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North American Indoor Navigations & Maps Market Estimated to reach nearly $2.1 billion in 2025 at a CAGR of +25.7% | IBM Corp., Telefonaktiebolaget LM Ericsson

01-14-2020 01:44 PM CET | Media & Telecommunications

Press release from: Orion Market Research

Indoor Navigations & Maps Market

Indoor Navigations & Maps Market

North American indoor navigations & maps market was valued at around $387 million in 2018, which is further estimated to reach nearly $2.1 billion in 2025 at a CAGR of 25.7% during the forecast period. The US and Canada are the major economies of North America. The region has well-developed ICT infrastructure and has witnessed huge adoption of a large number of connected devices. The presence of major players in North America, which include IBM Corp., Google LLC, Apple Inc., and Microsoft Corp. further gives a boost to the growth of the market in the region. Moreover, high internet penetration is one of the factors that is augmenting market growth in North America. According to the ITU database in 2018, around 69.6 individuals using the internet per 100 inhabitants in North America encourage the adoption of connected devices in the region, which in turn, spur the growth of the market.

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The Major players of the North American indoor navigations & maps market include Apple, Inc., Google LLC, IBM Corp., Telefonaktiebolaget LM Ericsson, and Microsoft Corp.

North American indoor navigations & maps market is segmented on the basis of technology and application. On the basis of technology, the market is further segmented into Bluetooth, Wi-Fi, Ultra-Wideband Technology, and Others. During the forecast period, the market of Bluetooth in indoor navigations & map systems is estimated to have a major market share at the highest CAGR due to the significant adoption of the beacon technology in indoor navigations & map systems. Further, on the basis of application, the market is segmented into healthcare, retail, manufacturing, energy and utilities, and others.

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These players adopt various strategies to capitalize on market growth opportunities. Mergers and acquisitions, product launch, geographical expansion, partnerships, and collaborations are the majorly adopted strategies by the market players. For instance, in April 2019, Google LLC launched a new mobile application as 'WifiRttScan'. The applications are for developers, vendors, universities, and other users for research and test the indoor location mapping features within Android P. Earlier to this, the mobile application was only compatible with Pixel smartphones.
North American Indoor Navigations & Maps Market Segmentation

North American Indoor Navigations & Maps Market by Technology

• Bluetooth
• Wi-Fi
• Ultra-Wideband Technology
• Others (Magnetic Positioning)

North American Indoor Navigations & Maps Market by Application

• Healthcare
• Retail
• Manufacturing
• Energy and Utilities
• Others (Transportation)

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Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Contact no: +1 646-755-7667, +91 7803040404

About Orion Market Research

OMR provide global and regional market reports of various domains such as healthcare, energy, IT, chemicals, and automobiles. OMR provide a 360-degree view of the market with parametric analysis, key market insights, key findings, statistical forecasts, competitive landscape, extensive segmentation, key trends, strategic recommendations and detailed company profiles.

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