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Micro-Location Technology Market Analysis, Trends, Growth, Research And Forecast 2032
Micro-Location Technology Market
The Business Research Company's Micro-Location Technology Global Market Report 2023 identifies growing use of mobile devices as the major driver for the micro-location technology market's growth in the forecast period. A mobile device is a compact hand-held gadget with a touch-screen display and other capabilities. Mobile devices utilize micro location-based technology to determine the in-house location of any assets, persons, or other equipment.
The global micro-location technology market is expected to grow from $18.15 billion in 2022 to $21.76 billion in 2023 at a compound annual growth rate (CAGR) of 19.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the micro-location technology market is expected to grow to $42.77 billion in 2027 at a CAGR of 18.4%.
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Major competitors in the micro-location technology market are Apple Inc., Cisco Systems Inc., Google LLC, CenTrak, Humatics Corporation, Sewio Networks, Siemens AG, Ubisense Group, Zebra Technologies Corporation, Hewlett Packard Enterprise Development LP, Bluvision (Hid Global Corp), Visible Assets Inc.
A key trend in the micro-location technology market includes product innovation. Major companies operating in the micro-location technology market are focused on developing new technological solutions to strengthen their position. For instance, in March 2022, Smith Micro Software, Inc., a US-based company providing software solutions to wireless and cable service providers, launched Micro's SafePath® 7 platform. The wireless carrier will offer its subscribers enhanced digital family safety functionalities such as powerful parental controls, real-time location services, and app evasion features. The SafePath platform includes SafePath Family, SafePath IoT, and SafePath Home provides comprehensive and simple-to-use capabilities for protecting digital lifestyles and managing connected devices through a single app.
Read More On The Global Micro-Location Technology Market Report Here:
https://www.thebusinessresearchcompany.com/report/micro-location-technology-global-market-report
The micro-location technology market is segmented -
• By Component: Hardware, Software, Services
• By Technology: Bluetooth Low Energy, WiFi, Near Field Communication, Beacons, Other Technologies
• By Application: Proximity Marketing, Asset Management
• By End Use: Healthcare, Transportation and Logistics, BFSI, Sports and Entertainment, Commercial
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the micro-location technology market.
The Business Research Company's "Global Micro-Location Technology Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Micro-Location Technology Market Include:
1. Executive Summary
2. Micro-Location Technology Market Characteristics
3. Micro-Location Technology Market Trends And Strategies
4. Micro-Location Technology Market - Macro Economic Scenario
5. Micro-Location Technology Market Size And Growth
……
26. Africa Micro-Location Technology Market
27. Micro-Location Technology Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Micro-Location Technology Market
29. Micro-Location Technology Market Future Outlook and Potential Analysis
30. Appendix
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