In 2022, the worldwide indoor location market is anticipated to reach a market value of US$ 7530.5, and by 2032, it is anticipated to reach a market value of US$ 28,500.5, with a CAGR of 14.2%.
The development of technology to track people or things in inside spaces can be credited with the growth of the indoor location business. The market for indoor location experienced a CAGR of 11.5% from 2016 to 2021.
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An indoor location is a system used to locate people or objects inside a building with the help of radio waves, acoustic signals, magnetic fields, and other sensory information which are collected through mobile devices. Indoor location is a tracking of any object which is present in indoor and also known as indoor localization.
Indoor positioning system advanced technology is used for tracing objects which can locate objects or humans situated in a company with the help of radio waves or acoustic signals collected by handheld devices including mobile phones, and other devices.
Indoor Location Market: Drivers & Restraints
The major factors driving the growth of indoor location market are consistent support to governments for confirming public safety, increased usage of smartphones, and inadequacy of GPS technology in indoor locations. Moreover, rising usage of smartphones with innovative mobile applications, mobile commerce, trend of digitalization, and technological advancements are boosting to the growth of the indoor location market.
In addition, the government awareness to have improved positioning technology for urban security segment and public safety are enhancing the demand for indoor location solutions. In indoor location market, professional services are majorly crucial and comprise solutions offered by the service providers to increase the awareness and growth of indoor location solutions and technology for attracting customers to stores and navigation.
In terms of indoor location services segment, this segment is accounting a high adoption rate in the overall indoor location market owing to its requirement to flow with shifting technology that can be used for advance development in the market.
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Indoor location Market: Key Players
Some of the key players identified in the indoor location market are:-
- Apple Inc.
- Broadcom Corporation
- CISCO Systems Inc.
- Ericsson, Google Inc.
- Microsoft Corporation
- Motorola Solutions
- Nokia Corporation
- STMicroelectronics N.V.
- Qualcomm.
- Others
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
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Key Segments Profiled in the Indoor Location Industry Survey
Indoor Location by Service Type:
- Managed Indoor Location Services
- Professional Indoor Location Services
Indoor Location by Technology Type:
- RF-based Indoor Location
- Sensor and Tag Based Indoor Location
- Others Indoor Location Technology Types
Indoor Location by Software Tools Type:
- Indoor Location Software Tools
- Indoor Location Visualization Tools
- Indoor Location Analytics Tools
- Context Indoor Location Accelerator Tools
- Other Indoor Location Software Tools
Indoor Location by End Use Type:
- Indoor Location for Transportation
- Indoor Location forHospitality
- Indoor Location for Entertainment
- Indoor Location for Shopping
- Indoor Location for Public Buildings
- Indoor Location for Other End Users
Indoor Location by Application:
- Indoor Location for Risk Management
- Indoor Location for Predictive Asset Analytics
- Indoor Location for Emergency Response Management
- Indoor Location for Remote Monitoring
- Indoor Location for Marketing and Customer Experience Management
- Indoor Location for Inventory Management
- Indoor Location for Other Applications
Indoor Location by Region:
- North America Indoor Location Market
- Latin America Indoor Location Market
- Europe Indoor Location Market
- East Asia Indoor Location Market
- South Asia Indoor Location Market
- Oceania Indoor Location Market
- Middle East & Africa Indoor Location Market
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