Industrial, Manufacturing & Heavy Industry Market News

Indoor location market worth 40.99 billion USD by 2022 according to market forecasts

Industrial Market Research

Indoor location market categorizes the global market by component as technology, software tools, and services, by deployment mode, by application, by vertical and by region.

- Advertising -

The report "Indoor Location Market by Component (Technology, Software Tools, and Services), Deployment Mode (Cloud, and On-premises), Application, Vertical (Transportation, Hospitality, Entertainment, Retail, and Public Buildings), and Region - Global Forecast to 2022", The global indoor location market size is expected to grow from USD 7.11 Billion in 2017 to USD 40.99 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 42.0% during the forecast period. Hassle-free navigation, improved decision-making, and increased adoption of connected devices are boosting the growth of the indoor location market across the globe.  

Speak To Our Analyst

Location analytics segment of software tools is expected to dominate the indoor location market during the forecast period.

Among the software tools, location analytics is the expected to have the largest market size in the indoor location market during the forecast period.

- Advertising -

Location analytics is a business intelligence process to generate insights from location-based data. Location analytics converts raw data as per the specific location into valuable insights through a more visual approach.

Location analytics analyze data collected from indoor locations such as retail stores, stadiums, airports, and other locations.

Sensor and tag-based segment of technology is expected to exhibit the largest market size in the indoor location market.

Among the technologies, sensor and tag-based technology is expected to grow at the highest CAGR in the indoor location market during the forecast period. The sensor technology uses Microelectromechanical Systems (MEMS), whereas the tag-based technology includes Radio Frequency Identification (RFID) tags, Quick Response (QR) code, and Near Field Communication (NFC) tags.

Sensors are used in mobile devices to estimate the direction and distance traveled so as to direct pedestrian for navigation and also to monitor some natural phenomena such as heat, pressure, humidity, and air pollution.

PDF Brochure     

The Asia Pacific (APAC) region is expected to witness the highest growth rate in the indoor location market during the forecast period.

APAC is expected to have the highest growth rate during the forecast period, due to the adoption of indoor location by users and verticals in the region. China, Australia, New Zealand, and India are the frontrunners in adopting indoor location via connected devices such as smart phones, tablets, and smart watches.

Additionally, the APAC region has the presence of a pool of social media users in China, India, and Australia.

Some of the major vendors in the indoor location market are Apple (US), Broadcom (US), Cisco (US), Ericsson (Sweden), GeoMoby (Australia), Google (US), Micello (US), Microsoft (US), Qualcomm (US), Senion (Sweden), STMicroelectronics (Switzerland), and Zebra (US).

News From

MarketsandMarkets™ - Business ResearchMarketsandMarkets™
Category: Market Research Publishers and RetailersCompany about: MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth ...
This email address is being protected from spambots. You need JavaScript enabled to view it.