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Indoor Location Market Set to Expected Grow with Massive CAGR of 25.3% by 2027 | Major Players – IndoorAtlas, STMicroelectronics, GeoMoby, Senion and Cisco Systems

06-18-2021 02:43 PM CET | IT, New Media & Software

Press release from: The Insight Partners

/ PR Agency: The Insight Partners
Indoor Location Market

Indoor Location Market

The growing popularity of location-enabled services will escalate the Indoor location Market at a CAGR of 25.3%

The latest market study on "Indoor location Market to 2027 by Deployment Type (On-Premise and On-Cloud); by Technology (Tags, Nodes, Ultra-Wideband, Bluetooth, Wi-Fi, Visible Light Communication and Radiofrequency Identification); By Components ( Hardware, Software, and Services); by Application (Remote Monitoring, Customer Experience Management, Inventory Management, Emergency Response Management, Sales and Marketing Optimization, Risk Management, Predictive Asset Analytics, and Others,) and Verticals (Hospitality, Retail, Transportation & Logistics, Entertainment, Public Buildings, Manufacturing, and Others) - Global Analysis and Forecast", the indoor location market is estimated to reach US$ 24,601.1 million by 2027 from US$ 3,493.8 million in 2018. The report includes a key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

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The implementation of an indoor location system has recently witnessed significant adoption in diverse verticals ranging from manufacturing to logistics to security to sports. The growth in adoption of indoor location system is attributed to several factors such as the widespread availability of low-cost sensors and tags, the sophistication of the sensing and connectivity capabilities in devices that do not impact battery life, and the introduction of open ecosystems that allow organizations to construct more flexible business models without locking them into hardware or software.

The implementation of an indoor location system has recently witnessed significant adoption in diverse verticals ranging from manufacturing to logistics to security to sports. The growth in adoption of indoor location system is attributed to several factors such as the widespread availability of low-cost sensors and tags, the sophistication of the sensing and connectivity capabilities in devices that do not impact battery life, and the introduction of open ecosystems that allow organizations to construct more flexible business models without locking them into hardware or software.

There has been constant development in the indoor location industry. For instance, Here company enhanced its HERE Positioning by integrating it with GiPStech’s inertial sensors technology. The advancement is expected to provide an enhanced smartphone experience for users when they are locating themselves. Also, Zebra Technologies introduced PS20, a new Android-based mobile barcode scanner that allows shoppers to pay for items without going through traditional checkout. The device supports Visible Light Communication (VLC) that can transmit location data with the help of fluorescent light to create indoor position systems.

Research Methodology

The report has its roots definitely set in thorough strategies provided by proficient data analysts. The research methodology involves the collection of information by analysts only to have them studied and filtered thoroughly in an attempt to provide significant predictions about the market over the review period. The research process further includes interviews with leading market influencers, which makes the primary research relevant and practical. The secondary method gives a direct peek into the demand and supply connection. The market methodologies adopted in the report offer precise data analysis and provides a tour of the entire market. Both primary and secondary approaches to data collection have been used. In addition to these, publicly available sources such as SEC filings, annual reports, and white papers have been used by data analysts for an insightful understanding of the market. The research methodology clearly reflects an intent to extract a comprehensive view of the market by having it analyzed against many parameters. The valued inputs enhance the report and offer an edge over the peers.

Growing Popularity of Location Enabled Services

The implementation of an indoor location system has recently witnessed significant adoption in diverse verticals ranging from manufacturing to logistics to security to sports. The growth in adoption of indoor location system is attributed to several factors such as the widespread availability of low-cost sensors and tags, the sophistication of the sensing and connectivity capabilities in devices that do not impact battery life, and the introduction of open ecosystems that allow organizations to construct more flexible business models without locking them into hardware or software.

Through advancement, in positioning technologies, location positioning and navigation capabilities have 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 marketing strategies towards their loyal customers through the 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 in the coming years.

The Global Indoor Location Market has been segmented as follows:

Global Indoor Location Market - By Deployment Type

Cloud
On-premise

Global Indoor Location Market - By Technology

Tags
Nodes
Ultra-Wideband
Bluetooth
Wi-Fi
Visual Light Communication
RFID
Others

Global Indoor Location Market - By Components

Hardware
Software
Services

Global Indoor Location Market - By Application

Remote Monitoring
Customer Experience Management
Inventory Management
Emergency Response Management
Sales & Marketing Optimization
Risk Management
Predictive Asset Analytics
Others

Global Indoor Location Market - By Vertical

Hospitality
Retail
Transportation & Logistics
Entertainment
Public Buildings
Manufacturing
Others

The final report will add the analysis of the Impact of Covid-19 in this report Indoor Location Market.

Adapting to the recent novel COVID-19 pandemic, the impact of the COVID-19 pandemic on the global Indoor Location Market is included in the present report. The influence of the novel coronavirus pandemic on the growth of the Indoor Location Market is analyzed and depicted in the report.

Some of the companies competing in the Indoor Location Market are 

IndoorAtlas Ltd
STMicroelectronics N.V.
GeoMoby
Senion
Cisco Systems
Zebra Technologies corporation
Broadcom, Inc.
Qualcomm Incorporated
Ericsson
Micello Inc. (Here Global B.V.)

Indoor Location Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America

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ABOUT US:

The Insight Partners is a one stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Our research model is very simple. We believe in client servicing and delivering best quality to our customers. Through our research content, we are making sure that our customers get the value of their money along with better quality data and analysis.

Our research content is majorly focused on market trends in terms of market sizing, competitive landscaping, company analysis, regional or country analysis etc. We provide a detailed break-up of segmentation in terms of geography, technology, product and services etc.; which helps our clients to get deeper analysis on various research topics.

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