Global Indoor Location Market - Industry Trends and Forecast to 2028

The indoor location market will reach at an estimated value of USD 357.80 billion and grow at a CAGR of 40.05% in the forecast period of 2021 to 2028. Rising inefficiency of the GPS technology in indoor premises is an essential factor driving the Indoor location market

Indoor location deals with tracking an object present in an indoor location. For tracking such objects indoor positioning system or IPS technology is used which can help in locating humans or any object inside an organization with the help of signals. It is extensively applicable in retail, transportation, entertainment, hospitality, public buildings, and others

Rising reliable assistance from governments for ensuring public safety is a crucial factor accelerating the market growth, also rising number of applications powered by beacons and BLE tags, rising integration of beacons in cameras, LED lightings, POS devices, and digital signage, increasing proliferation of smartphones, connected devices, and location-based applications among customers and rising inefficiency of the GPS in an indoor environment are the major factors among others boosting the indoor location market. Moreover, rising demand for RFID tags across the retail industry, rising demand for indoor location technologies to support lean automation and robotic processes and rising research and development activities in the market will further create new opportunities for indoor location market in the forecast period mentioned above.

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