Growing popularity of location enabled services will escalate the Indoor location Market at a CAGR of 25.3%

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 include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis - https://www.theinsightpartners.com/sample/TIPTE100001041/?utm_source=OpenPR&utm_medium=10593

Leading Indoor Location market Players: Broadcom, Inc., Cisco Systems, Inc., Ericsson, Geomoby, Indooratlas Ltd, Micello Inc. (HERE global b.v.), Qualcomm Incorporated, Senion, STMicroelectronics N.V., Zebra Technologies Corporation

The implementation of indoor location system has recently witnessed a 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 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 availability of positioning technologies has a profound influence over various daily activities and tasks such as navigation, positioning, tracking, monitoring, route optimizing and locating various assets among other applications. Further, the market continues to witness an increase in the scope of application through innovative services and solutions assisting improved level accuracy of positioning technologies. Moreover, the rise in adoption of GPS (Global Positioning System) technologies through an increase in smartphone penetration coupled with the growing popularity of location-based service mobile application has further boosted the demand for superior positioning technologies in the past decade. As a result, the indoor location that leverages the vulnerability of commonly available commercial GPS system in determining efficient position location within an infrastructure. The indoor location-based systems, equipment, and products facilitate assistance in identifying the asset location, tracking, monitoring and proximity among other attributes across a facility with multiple levels. The indoor location solution constitutes sensors and receivers for efficiently identifying asset within a facility. Subsequently, the indoor location has a profound scope of application among various end-users for asset monitoring, inventory management, logistics & transportation, predictive asset management, and sales & marketing optimization among other uses.

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The Global Indoor Location Market has been Segmented as Follows:
By Deployment Type
On-premise
Cloud

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

By Components
Hardware
Software
Service

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

By Vertical
Hospitality
Retail
Transportation & Logistics
Entertainment
Public Buildings
Manufacturing
Others

Reasons to Buy
• Save the time and resources required for entry level research by getting an insight into the leading players and segments of global Indoor Location market.
• The report highlights key business priorities which will help companies to reform their business strategies and establish themselves in the global market.
• The key findings and recommendations given in the report emphasize on crucial progressive industry trends in the Indoor Location market thereby enabling players to develop effective long term strategies in order to garner their market revenue.
• Gain crucial insights into global market trends and outlook and the factors driving and hindering market growth.
• 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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Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

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

This release was published on openPR.