Press release
Global Micro-Location Technology Market: Surging at a CAGR of 16.8%, Key Growth Drivers and Upcoming Trends
Micro-Location Technology Market Size
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.
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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.
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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.
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