Indoor Location Software Market Booming Worldwide With Leading Key Players -Apple, Broadcom, Cisco Systems, Ericsson, Geomoby, Google, Micello, Microsoft, Qualcomm Technologies, Senion, Stmicroelectronics, Zebra Technologies

The indoor location market size is projected to grow from USD 8.8 billion in 2022 to USD 24.0 billion by 2027, at a CAGR of 22.4% during the forecast period. The growing integration of beacons in cameras, LED lighting, PoS devices, and digital signage is expected to drive the indoor location market.

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Some of the Top companies Influencing this Market include:

Apple, Broadcom, Cisco Systems, Ericsson, Geomoby, Google, Micello, Microsoft, Qualcomm Technologies, Senion, Stmicroelectronics, Zebra Technologies

Various factors are responsible for the market's growth trajectory, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global Indoor Location Software .This report is a consolidation of primary and secondary research, which provides market size, share, dynamics, and forecast for various segments and sub-segments considering the macro and micro environmental factors. It also gauges the bargaining power of suppliers and buyers, threat from new entrants and product substitutes, and the degree of competition prevailing in the market.

Indoor Location Software Market Types:

Cloud, On-Premises.

Indoor Location Software Market Applications:

Retail, Inventory Management, Energy, Others

Remote monitoring application expected to register higher CAGR during forecast period
Remote monitoring applications improve the quality, user experience, and convenience of users with various technologies such as BLE, Wi-Fi, and UWB. For example, in warehouses, indoor location technology is used for tracking parcels and products to centralize the monitoring of parcels. infsoft offers indoor tracking solutions with the BLE technology for inventory management of assets on company premises.

Bluetooth Low Energy (BLE) technology estimated to account for largest market share in 2022
BLE signals from battery-driven beacons are a core technology of the indoor location. BLE is one of the latest technologies that has emerged and become an industry standard available on most devices today. In the Belgian city of Michelin, several bicycles were stolen. To address this issue, infsoft offered an indoor tracking solution based on Bluetooth beacons and infsoft Locator Nodes. The solution enabled the city authorities to retrieve the bicycles, convict the perpetrators, and reduce the number of thefts.

By deployment mode, cloud segment expected to register higher CAGR during forecast period
The Cloud-based indoor location solutions' deployment is a cost-effective and efficient way of managing location-based data issues across organizations. The pay-per-use pricing of cloud solutions helps organizations reduce their infrastructure cost. Cloud-based solutions are deployed on pools of server, storage, and networking resources that improve RoI on indoor location technologies such as Wi-Fi, BLE beacons, ultrasound, and UWB. Some popular companies offering cloud-based indoor location solutions include HPE, Esri, Mist, Zebra Technologies, and HID Global.

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The report provides insights on the following pointers:

Market Penetration: Comprehensive data on the product portfolios of the top players in the Indoor Location Software market.

Product Development/Innovation: Detailed information about upcoming technologies, R&D activities, and market product debuts.

Competitive Assessment: An in-depth analysis of the market's top companies' market strategies, as well as their geographic and business segments.

Market Development: Information on developing markets in its entirety. This study examines the market in several geographies for various segments.

Market Diversification: Extensive data on new goods, untapped geographies, recent advancements, and investment opportunities in the Indoor Location Software market.

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Recent Developments:
In October 2021, Zebra Technologies acquired Antuit Holdings Pte. Ltd. Through this acquisition, the company expanded its portfolio of software solution offerings by combining Antuit's platform with its existing software solutions and EVM products.
In July 2021, Microsoft partnered with NEC. NEC adopted Microsoft Azure as its preferred cloud platform to deliver enhanced capabilities to drive sustained digitalization, help customers transform their business models, and build Digital Workplaces for the post-pandemic.
In April 2020, Apple partnered with Google to enable the use of Bluetooth technology for dealing with the COVID-19 pandemic. The partnership aimed to provide contract tracking Bluetooth technology to help governments and health agencies reduce the spread of the virus, considering user privacy and security.

Technology Segment Insights
Based on technology, the indoor location market is bifurcated into tags, nodes, ultra-wideband, bluetooth, wi-fi, visible light communication and radiofrequency identification. Majority of the indoor location systems in the market use a combination of technologies in order accomplish their functions efficiently. Some of these technologies include Wi-Fi, Ultra Wideband, Bluetooth, RFID, and VLC among. Owing to the wide-scale use of multiple technologies, the indoor location networks in the coming years are anticipated to become highly heterogeneous.

Component Segment Insights
Based on component, the indoor location market is bifurcated into hardware, software and services. There is a myriad method in which an indoor location system can be deployed, and a range of technologies that an enterprise can choose from. However, implementation of the indoor system requires a basic of three components that includes the hardware, software and services. The hardware basically comprises of nodes components, networking devices, sensors, receivers and transmitters. The software segment comprises of the APIs that support functioning of the system along with providing analytical insights. Designing and implementation of indoor location requires the managed and professional services, which also contribute to the overall indoor location market revenue.

Application Segment Insights
Based on application, the indoor location market is bifurcated into remote monitoring, customer experience management, inventory management, emergency response management, sales and marketing optimization, risk management, predictive asset analytics and others. The application for indoor location in recent years has witnessed a drastic increase across the globe. These applications vary from customer assistance and marketing to disaster management and recovery, asset management & tracking, security.

Verticals Segment Insights
Based on verticals, the indoor location market is bifurcated into hospitality, retail, transportation & logistics, entertainment, public buildings, manufacturing and others. Understanding customers' locations indoors is of special importance to retailers, mall owners, the travel and transportation industry (airports, train stations), banks, hospitals, security managers, and any enterprise that provides services to people who are indoors. The need to understand customer behavior in indoor venues is essential for any business aiming to provide a more personal and compelling shopping experience, optimize the physical store layout, improve store operations, and ultimately drive improved user experience, sales conversion rates, and increased revenue.

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