Indoor Location market research study involved Indoor Location Market by System, Technology, and Opportunity that is the extensive use of secondary sources, directories, and databases, such as D&B Hoovers, Bloomberg Businessweek, and Factiva, to identify and collect information useful for the technical, market-oriented, and commercial aspects of the indoor location market.
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Some of the major vendors in the indoor location market are Apple (US), Broadcom (US), Cisco Systems (US), Ericsson (Sweden), GeoMoby (Australia), Google (US), Micello (US), Microsoft (US), Qualcomm (US), Senion (Sweden), STMicroelectronics (Switzerland), and Zebra Technologies (US).
Key Target Audience for Indoor Location Market by Component such as technology, software tools, and services and deployment mode cloud, and On-premises at last Application, Vertical like transportation, hospitality, entertainment, retail, and public buildings are Business organizations, Indoor location Software Development Kit (SDK) providers Indoor ,location platform providers ,Cloud service providers, Research organizations, Investors and venture capitalists, System Integrators, Value-Added Resellers (VARs) and distributors, Service professionals, Government authorities/non-profit associations, Compliance regulatory authorities.
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The global indoor location market size is expected to grow from $ 7.11 billion in 2017 to $ 40.99 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 42.0% during forecast period. The growing trend of digitalization, increasing use of connected devices, and reliable assistance from governments for ensuring public safety are the major factors driving the growth of the indoor location market, while deployment and maintenance challenges are some of the major restraints for the growth of the indoor location market.
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North America is expected to lead the indoor location market with significant Research and Development (R&D) as well as technological advancements in the indoor location technology. Consequently, several North American companies and industries are strategically adopting the indoor location technology at various levels to succeed in the respective market and increase productivity.
In the process of determining and verifying the market size of the several segments and sub-segments gathered through secondary research, extensive primary interviews were conducted with the key people. The breakup of the profiles of the primary participants is given below:
- By Company Type: Tier I- 18%, Tier II- 40%, and Tier III- 42%
- By Designation Level: C-Level- 34%, D-Level- 28%, and Others- 38%
- By Region: North America- 32%, Europe -28%, MEA- 22%, and APAC- 18%
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Among the technologies, the sensor and tag-based technology is a high-growth segment in the indoor location market. To monitor natural phenomena, such as heat, pressure, humidity, and air pollution, in a certain indoor space, multiple sensors are integrated with connected devices.
Tags are also used to monitor products and assets in the retail and manufacturing verticals respectively. Adoption of the sensor and tag-based technology is increasing, due to the easy adoption of technology.
The objective of the report is to define, describe, and forecast the indoor location market size on the basis of components (technology, software tools, and services), deployment modes, applications, verticals, and regions. The report aims to provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the market growth, and it tracks and analyzes the market scenario on the basis of the technological developments, product launches, partnerships, acquisitions, and business expansions related to the market.
The report also forecasts the market size of the different market segments with respect to the 5 major regions:
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