Press release
Global Micro-Location Technology Market: Surging at a CAGR of 16.8%, Key Growth Drivers and Upcoming Trends
What Is The Projected Market Size Of The Global Micro-Location Technology Market And Its Growth Rate?
•The micro-location technology market has seen a significant upswing recently, growing from $29.83 billion in 2024 to $34.93 billion in 2025 at a CAGR of 17.1%. The increase is attributed to factors such as augmented reality integration, indoor navigation, ubiquity of mobile devices, retail personalization, and smart building solutions.
•The micro-location technology market is projected to maintain its rapid growth, soaring to a whopping $64.97 billion in 2029 at a CAGR of 16.8%. This growth is being driven by industry 4.0 and logistics, initiatives for smart cities, healthcare innovations, transformations in retail, rising demand for indoor navigation, and rapid advancements in IoT.
What Is Driving The Growth In The Micro-Location Technology Market?
The surge in mobile device use is the primary propellant for the growth of the micro-location technology market. Mobile devices, equipped with a compact touchscreen display and various other functionalities, use micro-location technology for determining in-house locations of assets, individuals, or equipment. For example, a report by Uswitch Limited published in February 2023 disclosed that in 2022, there were 71.8 million active mobile connections, marking a 3.8% increase from the previous year. It is projected that by 2025, 68.3 million people will be living in the UK, and 95% of them will possess smartphones. Consequently, the explosive growth in mobile device usage is driving the micro-location technology market.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8852&type=smp
Who Are the Key Players Driving Micro-Location Technology Market Growth?
•Apple Inc.
•Cisco Systems Inc.
•Google LLC
•CenTrak Inc.
•Humatics Corporation
•Hewlett Packard Enterprise Development LP
•Sewio Networks
•Siemens AG
•Zebra Technologies
•Ubisense Group
•Aruba Networks
•Kontakt.io
•Ruckus Networks
•Estimote Inc.
•Camco Technologies nv
•Quuppa Intelligent Locating System
•Mist Systems, Inc.
•DecaWave Limited
•Redpine Signals
•Visible Assets Inc
•Gimbal Inc.
•Bluvision
•Pole Star
•Inpixon
•Pointr
•IndoorAtlas Oy
•KIO RTLS
•Locatify
•MERIDIAN
•Navisense GmbH
•sensewhere Ltd.
•Hexagon AB
•Broadcom Inc.
•MiTAC Digital Technology Corporation
What Are The Key Trends In The Micro-Location Technology Market?
•Emerging Use Cases
•Edge Computing and Edge Analytics
•Safety and Security Solutions
•Augmented Reality (AR) Integration
•Supply Chain Optimization
What Are The Segments Of The Global Micro-Location Technology Market?
•By Component: Hardware, Software, Services
•By Technology: Bluetooth Low Energy, Wi-Fi, Near Field Communication, Beacons, Other Technologies
•By Application: Proximity Marketing, Asset Management
•By End Use: Healthcare, Transportation And Logistics, BFSI, Sports And Entertainment, Commercial
Which Region Leads The Micro-Location Technology Market?
In 2024, North America held the biggest share in the micro-location technology market. However, Asia-Pacific is anticipated to be the fastest-growing region in the forecast period. The micro-location technology market report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/micro-location-technology-global-market-report
What Is Covered In The Micro-Location Technology Market Global Market Report?
- Market Size Analysis: Analyze the Micro-Location Technology Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Micro-Location Technology Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Micro-Location Technology Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Micro-Location Technology Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report: -
https://www.thebusinessresearchcompany.com/sample.aspx?id=8852&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
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
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 Global Micro-Location Technology Market: Surging at a CAGR of 16.8%, Key Growth Drivers and Upcoming Trends here
News-ID: 3823623 • Views: …
More Releases from The Business Research Company
Global High-Resolution Anoscopy Market Outlook 2025-2034: Trends, Innovations, A …
The High-Resolution Anoscopy Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the High-Resolution Anoscopy Market Size and Projected Growth Rate?
The market size for high-resolution anoscopy has experienced significant growth over the past few years. The market is predicted to increase from $15.03 billion…
Condyloma Acuminata Treatment Market Size Projected To Reach $2.2 Billion By 203 …
"The Condyloma Acuminata Treatment Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Condyloma Acuminata Treatment Market Size During the Forecast Period?
In the past few years, the condyloma acuminata treatment market has seen significant growth. The market value, which is anticipated to…
Household Type Fans Market Forecast 2025-2034: Comprehensive Analysis And Growth …
"The Household Type Fans Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Household Type Fans Market?
The market size for household fans has seen consistent expansion in recent years. The projections indicate an increase from $32.22 billion in 2024…
Grain Fumigants Industry Report 2025-2034: Market Dynamics, Trends, And Forecast …
The Grain Fumigants Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Grain Fumigants Market Size During the Forecast Period?
The Grain Fumigants Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This…
More Releases for Technology
Insurance Technology Market Outlook 2021 | TIA Technology, Patriot Technology So …
Insurance Technology Market has recently added by Qurate Research to its vast repository. This intelligence report includes investigations based on Current scenarios, Historical records, and future predictions. Report includes overview, which interprets value chain structure, industrial environment, regional analysis, applications, market size, and forecast. The report is integrated with imperative insights on the market, which will support the clients to make precise business decisions. The report incorporates data regarding the…
Global Insurance Technology Market 2019 – Top Companies Xchanging, Insurance T …
"Insurance Technology or Insurtech refers to the use of technology innovations designed to squeeze out savings and efficiency from the current insurance industry model. Insurtech is a portmanteau of “insurance” and “technology” that was inspired by the term fintech.”
Global Insurance Technology Market Research Report is a valuable source of insightful data for business strategists. Provides industry Overviews, including Growth Analysis, Past & Future Costs, Revenue, Demand and Supply Data (where…
Insurance Technology Market Analysis By Major Players | Xchanging, Insurance Tec …
The global Insurance Technology market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of between 2018 and 2025.
This report studies the Insurance Technology market size by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and…
Insurance Technology Market – Major Technology Giants in Buzz Again | TIA Tech …
Global Insurance Technology Market Size, Status and Forecast 2025 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing capital structure of the Global Insurance Technology Market. Some of the key players profiled in the study are Xchanging, Insurance Technology…
Global Insurance Technology Market 2018-2025 Health and Life Insurance By Xchang …
In 2017, the global Insurance Technology market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of between 2018 and 2025.
This report studies the Insurance Technology market size by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges,…
Ultrasonic Technologies Market by Technology (Motor/actuator technology, medical …
The global ultrasonic technologies market provides alteration of processes with the use of oscillating sound of very high frequency. It is expected that the market would grow at a respectable rate as the technology is being widely adopted. Various verticals such as industrial units and healthcare are using ultrasound as it is considered a highly efficient technology. In the healthcare sector, it is used for diagnosis and treatment by minimal…
