Indoor Location Market Size 2023 at more than 22% CAGR by 2029 | Exactitude Consultancy

Indoor Location Market Overview:

Indoor location market size is expected to grow at more than 22% CAGR from 2023 to 2029. It is expected to reach above USD 20.35 billion by 2029 from USD 6.25 billion in 2022.

Indoor Location Market 2023 research report covers obvious information regarding the development rate, market estimates, drivers, limitations, future-based demand, and revenue during the forecast period. The report explores the current outlook in global and key regions from the outlook of players, countries, product types and end industries.

Additionally, technology industry the report provides insights into the regional analysis that refuges different regions, contributing to the growth of the market. The Global Indoor Location Market consists of data collected from numerous primary and secondary sources. This information has been verified and validated by the industry analysts, thus provided that significant insights to the researchers, analysts, managers, and other industry professionals. This document further supports in understanding market trends, applications, specifications, and market.

Indoor location is the tracking of an object in an indoor environment. Using acoustic signals or radio waves received by portable devices such as mobile phones, Interior Positioning System (IPS) technology used for tracking items can find people or objects inside a business. The development of indoor positioning systems has also given businesses more accuracy in a variety of settings, irrespective of the hardware employed. In addition, the method has assisted various production facilities in effectively managing their floor level.

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Who are the Top Players Indoor Location Market?

Some of the major companies operating in the global Indoor Location market is Zebra Technologies, Inpixon, Mist, HID Global, Google, Microsoft, Apple, Cisco, HPE, Acuity Brands, Esri, CenTrak, Sonitor, Ubisense, infsoft, Polaris Wireless and Others.

Recent Developments:

• In October 2021, Zebra Technologies acquired Antuit Holdings Pte. Ltd. Through this acquisition, the company expanded its portfolio of software solution offerings by combining Antuit’s platform with its existing software solutions and EVM products.
• In July 2021, Microsoft partnered with NEC. NEC adopted Microsoft Azure as its preferred cloud platform to deliver enhanced capabilities to drive sustained digitalization, help customers transform their business models, and build Digital Workplaces for the post-pandemic

Key Market Segments: Global Indoor Location Market

Indoor Location Industry by Component, 2020-2029, (USD MILLION)

Hardware

Solutions

Services

Indoor Location Industry by Deployment Mode, 2020-2029, (USD Million)

Cloud

On-Premises

Indoor Location Industry by Organization Size, 2020-2029, (USD Million)

Large Enterprizes

Small & Medium Size Enterprizes

Indoor Location Industry by Technology, 2020-2029, (USD Million)

BLE

UWB

Wi-Fi

RFID

Indoor Location Industry by Application, 2020-2029, (USD Million)

Sales & Marketing Optimization

Emergency Response Management

Remote Monitoring

Predictive Asset Management

Inventory Management

Supply Chain Management

Indoor Location Industry by End User, 2020-2029, (USD Million)

Healthacre & Pharmaceuticals

Travel & Hospitality

Transportation & Logistics

Media & Entertainment

Retail

Manufacturing

Government & Public Sectors

Driver: Proliferation of smartphones, connected devices, and location-based applications among customers

There is an exponential rise in smartphone penetration. More evidently, there is a change in the consumers’ buying behavior of mobiles. Startups and established organizations are quickly adapting to the new developments and finding ways to provide location-based applications for engaging their indoor users. The deployment of indoor location technology has helped retailers to enhance their user experiences and provide proper navigation for objects or any locations. Indoor location solutions bring with them an opportunity for organizations to connect customers inside large indoor spaces with their brands, products, and partners, providing them with different ways to increase customer relationships and sales. The proliferation of various technologies, such as BLE and Wi-Fi, enables users to detect a person’s location within a specific range.

Indoor Location Market Regional Insights

North America: The market in North America is expected to grow at a significant rate due to the high adoption of e-commerce and the increasing use of IoT and AI technologies. The U.S. and Canada are expected to be major contributors to the market growth.

Europe: The market in Europe is expected to grow at a significant rate due to the increasing adoption of e-commerce and the growing demand for contactless delivery options. The UK, Germany, and France are expected to be major contributors to the market growth.

Asia Pacific: The market in Asia Pacific is expected to grow at a significant rate due to the increasing adoption of e-commerce and the growing demand for Indoor Location Market in countries such as China, Japan, and South Korea.

Latin America: The market in Latin America is expected to grow at a moderate rate due to the increasing adoption of e-commerce and the growing demand for Indoor Location Market in countries such as Brazil and Mexico.

Middle East and Africa: The market in Middle East and Africa is expected to grow at a moderate rate due to the increasing adoption of e-commerce and the growing demand for Indoor Location Market in countries such as Saudi Arabia, UAE, and South Africa.

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TABLE OF CONTENTS

Global Indoor Location Market Research Report 2023 – 2029

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Pipeline Analysis

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers and Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

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