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Indoor Positioning and Indoor Navigation (IPIN) Market 2021 | In-depth Analysis with Current and Future Trends to Elucidate the Imminent Investment Pockets

03-22-2021 01:27 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Indoor Positioning and Indoor Navigation (IPIN) Market 2021 |

The global indoor positioning and indoor navigation (IPIN) market held $2.64 billion in 2017, and is estimated to generate $43.51 billion by 2025, growing at a CAGR of 42% from 2018 to 2025. The report offers a detailed analysis of key market trends, growth factors & opportunities, key segments, Porter's five forces analysis, value chain, and competitive landscape.

Rise in adoption of Bluetooth beacons, increase in demand for proximity marketing, rise in need for indoor location-based services (LBS), and increased market for real-time location systems (RTLS) are some of the factors anticipated to offer lucrative opportunities for the growth of the indoor positioning and indoor navigation market during the forecast period.

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Based on component, the services segment accounted for the highest share in 2017, accounting for more than two-fifths of the total revenue, and is estimated to maintain its dominance during the forecast period. However, the software segment would witness the highest CAGR of 44.6% from 2018 to 2025.

Based on technology, the Bluetooth low energy segment is estimated to portray the fastest CAGR of 45.9% during the forecast period. However, the Wi-Fi segment contributed to the highest share in 2017, accounting for more than one-third of the total market share, and is estimated to contribute the highest share throughout the forecast period. The research also analyzes segments including ultra-wideband technology and others.

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Based on end use industry, the retail segment accounted for the dominant share in the global market in 2017, accounting for more than one-fifth of the total market share, and is estimated to maintain its dominance during the forecast period. However, the healthcare segment is expected to maintain the fastest CAGR of 47.8% from 2018 to 2025. The report discusses segments including manufacturing, office spaces, travel & hospitality, logistics, public spaces, and warehouses.

Get detailed COVID-19 impact analysis on the indoor positioning and indoor navigation (IPIN) market: https://www.alliedmarketresearch.com/request-for-customization/5127

Geographically, Asia-Pacific is expected to hold the highest CAGR of 48.1% during the forecast period. However, North America accounted for the largest share, holding more than one-third of the total market share in 2017, and will maintain its highest contribution during the forecast period.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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The European IPIN market is estimated to grow at an impressive rate of 27.5% during the forecast period. Major economies that are analyzed in the European IPIN market include UK, Germany, Italy, Spain, France, and the Rest of Europe. Increasing the implementation of connected intelligent urban mobility, ubiquitous geolocation technologies, the emergence of new positioning technologies and multi-sensor positioning systems, and location-based marketing and advertising are the factors playing a
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