Press release
Enterprise Indoor Location-Based Services Global Market Expected to hit $3.67 Billion by 2028, Top Factors Leading The Industry Worldwide
Enterprise Indoor Location-Based Services Global Market
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=16419&type=smp
According to The Business Research Company's, The enterprise indoor location-based services market size has grown exponentially in recent years. It will grow from $0.66 billion in 2023 to $0.93 billion in 2024 at a compound annual growth rate (CAGR) of 40.7%. The growth in the historic period can be attributed to enhanced passenger comfort, demand for privacy and security, increased passenger traffic, increased focus on operational efficiency, and operational efficiency for airports.
The enterprise indoor location-based services market size is expected to see exponential growth in the next few years. It will grow to $3.67 billion in 2028 at a compound annual growth rate (CAGR) of 40.1%. The growth in the forecast period can be attributed to advancements in location-based technologies, adoption of Internet of Things (IoT) Devices, development of Industry 4.0, increasing indoor positioning using light, and growing usage of analytics for business process optimization. Major trends in the forecast period include adopting Internet of Things (IoT) devices, indoor positioning technologies, integrating smart building technologies, technological advancement, and increasing partnerships.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/enterprise-indoor-location-based-services-global-market-report
Market Drivers and Trends:
The growing adoption of internet of things (IoT) devices is expected to drive the growth of the enterprise indoor location-based services market. Internet of things (IoT) devices are physical objects or devices embedded with sensors, software, and other technologies to connect and exchange data over the Internet or other networks without human intervention. The adoption of internet of things (IoT) devices is due to technological advancements, increasing connectivity options such as 5G, and expanding applications across industries. Enterprise indoor location-based services (LBS) leverage internet of things (IoT) devices to enhance operational efficiency, customer experience, and safety within indoor environments such as office buildings, warehouses, retail stores, and healthcare facilities. For instance, in January 2022, data from the GSM Association, a UK-based non-profit organization, global IoT connections are projected to reach 23.3 billion by 2025, up from 15.1 billion in 2021. Therefore, growing adoption of internet of things (IoT) devices drives the growth of the enterprise indoor location-based services market.
Major companies operating in the enterprise indoor location-based services market focus on developing innovative solutions, such as geolocation platforms, to deliver real-time geolocation services that can reach tall buildings. Geolocation platforms are software systems or services that utilize various technologies to determine and manage the geographic location of devices, assets, or individuals. For instance, in February 2023, Radisys Corporation, a US-based company that provides telecom solutions, announced the launch of Radisys ReachPoint, a geolocation platform based on smart networks. This innovative platform offers precise indoor navigation capabilities, enabling employees and visitors to navigate complex office spaces effortlessly. The solution enables enterprises to get the location of any connected device without relying on GPS, using geospatial data from cell towers and Wi-Fi nodes.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Zebra Technologies Corporation, HPE Aruba Networking, Cisco Meraki, Geotab Inc., DecaWave Limited, Shopkick, Cisco DNA Spaces, Navigine, Ekahau, Ubisense, Pointr, Inpixon, IndoorAtlas Oy, Navizon Inc., Aisle411 Inc., Senion AB, Steerpath Oy, MazeMap AS, Infsoft GmbH, Airista Flow Inc., Locatify
Enterprise Indoor Location-Based Services Market 2024 Key Insights:
• The enterprise indoor location-based services market size is expected to see exponential growth in the next few years. It will grow to $3.67 billion in 2028 at a compound annual growth rate (CAGR) of 40.1%.
• Impact Of IoT Devices On Enterprise Indoor Location-Based Services Market
• Geolocation Platform Innovations For Precise Enterprise Indoor Navigation
• North America was the largest region in the enterprise indoor location-based services market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=16419&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Enterprise Indoor Location-Based Services Global Market Expected to hit $3.67 Billion by 2028, Top Factors Leading The Industry Worldwide here
News-ID: 3714853 • Views: …
More Releases from The Business research company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Enterprise
Why SMBs Deserve Enterprise-Level IT - Without the Enterprise Price Tag
Small and mid-sized businesses (SMBs) often operate under the misconception that enterprise-level IT solutions are reserved only for large corporations with unlimited budgets. Yet in today's digital-first economy, SMBs face many of the same risks and operational demands as their larger counterparts: cybersecurity threats, regulatory compliance, and the need for efficient, reliable technology to support growth. A managed IT services provider, Cortavo [https://cortavo.com/what-is-cortavo], has demonstrated that enterprise-level IT does not…
OpenPayd's Ozan Ozerk Named Enterprise Entrepreneur at 2025 Enterprise Awards
London, 19 June 2025 - Dr. Ozan Ozerk, founder of OpenPayd, has been named "Enterprise Entrepreneur" at this year's Enterprise Awards, an event that celebrates the UK's most impactful technology founders. The ceremony took place at Drapers' Hall on the evening of 18 June, bringing together leaders from across the innovation and investment landscape.
The recognition comes after a period of substantial growth for OpenPayd. In the past 12 months, the…
Redefining Enterprise Connectivity: Enterprise VSAT Market Poised for Remarkable …
Enterprise VSAT's market was estimated to be worth US$ 4,324.5 Mn in 2022, and by the end of 2033, it is anticipated to have increased to US$ 8,110.5 Mn. In 2023, the market for corporate VSAT is anticipated to be worth $4,514.8 Mn USD. From 2023 to 2033, the enterprise VSAT market is anticipated to expand at a 6.0% CAGR.
Businesses in industries like retail and consumer goods, healthcare, BFSI, media…
Enterprise WLAN Market Awareness Overview 2025 | , Hewlett-Packard Enterprise, H …
Global Enterprise WLAN Market: Snapshot
The global enterprise WLAN is registering a significant rise in its valuation, thanks to the increasing penetration of Internet across the world. The rapidly rising market for enterprise WLAN technology is anticipated to boost the cloud technology and the Internet of Things (IoT) industries as well, inducing intense competitiveness. Moreover, the continual technological advancements are projected to increase WLAN applications in a number of industry sectors…
Enterprise Mobility Market - Generating an Increasing Demand for Enterprise Mobi …
Geographically-spread enterprises are constantly faced with scenarios that require the convergence of a large number of communication channels and inclusion of foreign computing devices in the central network.
With a vast rise in mobile devices that need to be integrated with enterprise networks, mostly owing to the increasing trend of policies such as bring-your-own-device and choose-your-own-device, and diversely located workplaces and employees, the need for adopting enterprise mobility solution has…
Enterprise Mobility Market - Generating an Increasing Demand for Enterprise Mobi …
Geographically-spread enterprises are constantly faced with scenarios that require the convergence of a large number of communication channels and inclusion of foreign computing devices in the central network. With a vast rise in mobile devices that need to be integrated with enterprise networks, mostly owing to the increasing trend of policies such as bring-your-own-device and choose-your-own-device, and diversely located workplaces and employees, the need for adopting enterprise mobility solution has…
