Emerging Trends to Drive Indoor Location Market Growth at 21.7% CAGR Through 2029

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Indoor Location Market Size Growth Forecast: What to Expect by 2025?
The dimension of the indoor location market has remarkably expanded in the past few years. Projections indicate an increase from $14.09 billion in 2024 to $17.36 billion in 2025, marking a compound annual growth rate (CAGR) of 23.2%. The growth witnessed in the historic period represents a surge in application usage powered by beacons and Bluetooth low energy tags, an escalated use of proximity-oriented solutions in retail, the upswing in acceptance of IoT and connected devices like wearables and smartphones, as well as an increased focus on consumer preference and behaviour.

How Will the Indoor Location Market Size Evolve and Grow by 2029?
The indoor location market is anticipated to experience rapid expansion in the upcoming years, reaching a value of $38.04 billion in 2029, with a compound annual growth rate (CAGR) of 21.7%. This predicted growth during the forecast period could be ascribed to numerous factors such as government plans for smart cities, the limitations of GPS technology for indoor use, a strong demand for navigation services, an escalating necessity for real-time and accurate location services, and a surge in the application of data analytics in retail. Noteworthy trends to look out for within the forecast period encompass advancements in technology, the incorporation of augmented reality, real-time location systems (RTLS), indoor navigation using augmented reality (AR), and the emergence of cloud-based indoor location platforms.

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What Drivers Are Propelling the Growth of Indoor Location Market Forward?
The surge in smartphone usage is anticipated to boost the advancement of the indoor location market. A smartphone is a mobile device that provides high-level computing and connectivity capabilities, typically encompassing features like access to the internet, touchscreen interfaces, and the capacity to operate third-party applications. The rise in smartphone use is attributed to its multifunctional nature, accessibility, enhanced technology, app environment, its role in work and education, as well as its entertainment functions. Smartphones are crucial for indoor location, exploiting an array of sensors, wireless technologies, and mapping applications to offer precise indoor positioning and navigation services. For example, Uswitch Limited, a financial conduct authority resident in UK, reported that the number of mobile connections in the UK increased by 3.8% (about 2.6 million connections) to 71.8 million in February 2024. Predictions suggest that by 2025, there will be 68.3 million inhabitants in the UK, out of which 95% (or roughly 65 million individuals) will possess smartphones. Therefore, the uptick in smartphone usage fuels the progress of the indoor location market.

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What Are the Key Trends Driving Indoor Location Market Growth?
Leading corporations in the domain of indoor location markets are now creating cutting-edge products like the ArcGIS Indoor Positioning System (IPS) to establish a better footing in the market. The ArcGIS IPS is a high-tech solution that allows real-time indoor location tracking in structures. For example, Esri, an American software firm, crafted the ArcGIS Indoor Positioning System (IPS) in July 2022. This technology facilitates real-time indoor location services via Esri's ArcGIS Indoors mobile app and tailor-made applications fashioned by the ArcGIS Runtime software development kit (SDKs). The ArcGIS IPS, with the aid of Bluetooth beacons fitted inside structures, picks up radio signals to trace the location of user mobile devices, showing their spot on the map by a blue dot. The technology bolsters indoor navigation, promises the capture and analysis of location information data for GIS teams, facility supervisors, and top management, and aids in managing flexible seating layouts while guaranteeing safety for on-site workers in hybrid work environments.

What Are the Key Segments in the Indoor Location Market?
The indoor locationmarket covered in this report is segmented -

1) By Offering: Hardware, Solutions, Services
2) By Technology: Bluetooth Low Energy (BLE), Ultra-wideband (Uwb), Wi-Fi, Radio Frequency Identification (RFID), Magnetic Positioning
3) By Application: Emergency Response Management, Sales And Marketing Optimization, Remote Monitoring, Predictive Asset Maintenance, Supply Chain Management, Inventory Management
4) By Vertical: Retail, Travel And Hospitality, Media And Entertainment, Transportation And Logistics, Government And Public Sector, Manufacturing, Healthcare And Pharmaceuticals

Subsegments:
1) By Hardware: Beacons, Sensors, RFID Tags, Wi-Fi Access Points
2) By Solutions: Indoor Mapping Solutions, Positioning and Navigation Solutions, Indoor Tracking Solutions, Data Analytics Solutions
3) By Services: Installation and Deployment Services, Consulting Services, Maintenance and Support Services, Integration Services

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Who Are the Key Players Shaping the Indoor Location Market's Competitive Landscape?
Major companies operating in the indoor location market are Apple Inc., Google LLC, Microsoft Corporation, Cisco Systems Inc., Mist Systems Inc., Broadcom Inc., Hewlett Packard Enterprise Company (HPE), Nokia Corporation, CommScope Inc., Secure Energy Services Inc., Zebra Technologies Corporation, Acuity Brands Inc., Halma plc, HERE Global B.V., Environmental Systems Research Institute Inc. (Esri), STANLEY Healthcare, Orient Electric Limited, Polaris Wireless Inc., Ubisense Limited, Inpixon, Sonitor Technologies AS, IndoorAtlas Ltd., HID Global Corporation, Quuppa Oy, InnerSpace Technology Inc., AiRISTA Flow Inc., Pozyx Labs NV, Mapxus Limited, Kontakt.io Inc., infsoft GmbH

What Geographic Markets Are Powering Growth in the Indoor Location Market?
North America was the largest region in the indoor location market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the indoor location market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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