Indoor Location-Based Services (LBS) Market CAGR Of 43.3% During The Forecast Period

The global indoor LBS market size was valued at USD 1.83 billion in 2018. It is estimated to post a CAGR of 43.3% during the forecast period.

During the course of the projection period, the market is anticipated to grow as linked devices, such as mobile phones and tablets, become more widely used. Additionally, it is projected that increased use of location-based services for promotional purposes would spur market expansion in the upcoming years. Retail centres, parks, educational institutions, and hospitals are examples of infrastructure development that offer profitable opportunities for the deployment of location-based services (LBS) for navigation and tracking. Moreover, it is anticipated that throughout the course of the forecast period, the indoor LBS market would experience an uptick due to the growing deployment of local area networks and home area networks, such as WLAN and Wi-Fi.

Assistance and security are also provided via indoor LBS. The government's increasing use of surveillance tools to keep tabs on citizen activity is also anticipated to fuel industry expansion. In addition to this, expanding use of location-based services for marketing in the retail industry is projected to help the market expand. Industry participants are being pushed by technological improvements to leverage analytics and business intelligence to improve location accuracy and boost tracking effectiveness. For those in the industry, obtaining accurate information in real time is still difficult.

Assistance and security are also provided via indoor LBS. The government's increasing use of surveillance tools to keep tabs on citizen activity is also anticipated to fuel industry expansion. In addition to this, expanding use of location-based services for marketing in the retail industry is projected to help the market expand. Industry participants are being pushed by technological improvements to leverage analytics and business intelligence to improve location accuracy and boost tracking effectiveness. For those in the industry, obtaining accurate information in real time is still difficult.

The growth of home area networks like Wi-Fi and the expansion of infrastructure are the main factors driving the indoor LBS market in India. In addition to this, a significant growth-inducing aspect is the increased usage of connected devices like tablets and smartphones as well as the expansion of social media platforms. The extensive use of location-based navigation, virtual private networks (VPNs), and search and advertising analytics by top companies in the nation to increase data security are some other aspects that are fostering a favourable outlook for the industry in the nation.

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Global Indoor Location-based Services (LBS) Market: Segmentations

Global Indoor Location-based Services (LBS) Market: Major Players
HERE
Shopkick
IndoorAtlas
Sprooki
Cisco Systems
GloPos
Navizon
Microsoft
YOOSE
Qualcomm Technologies
iinside
Micello
Google
Ruckus Wireless
Apple

Global Indoor Location-based Services (LBS) Market: By Types
Hardware
Software
Services

Global Indoor Location-based Services (LBS) Market: By Applications
Indoor Mapping
Parking Solution
Navigation Services
Social Media Services
Others

Global Indoor Location-based Services (LBS) Market: Regional Analysis
The countries covered in the regional analysis of the Global Indoor Location-based Services (LBS) market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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The Indoor Location-based Services (LBS) market report offers a clear assessment of the present and future state of the industry, the most up-to-date industry analysis, and a thorough investigation of the leading suppliers, geographical regions, product categories, and application areas. We are aware of the competitive advantages and offer competitive analysis for every rival separately.

Market Trends:

The growth of home area networks like Wi-Fi and the expansion of infrastructure are the main factors driving the indoor LBS market in India. In addition to this, a significant growth-inducing aspect is the increased usage of connected devices like tablets and smartphones as well as the expansion of social media platforms. The extensive use of location-based navigation, virtual private networks (VPNs), and search and advertising analytics by top companies in the nation to increase data security are some other aspects that are fostering a favourable outlook for the industry in the nation.

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• Provision of market value (USD Billion) data for each segment and sub-segment
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• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
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