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Indoor location Market Top Key Players, Demand, Opportunities And Forecasts To 2027

The inventory management segment is projected to witness a lucrative CAGR growth of 28.3% in the global indoor location market.

Latest market study on “Indoor location Market to 2027 by Deployment Type (On-Premise and On-Cloud); by Technology (Tags, Nodes, Ultra-Wideband, Bluetooth, Wi-Fi, Visible Light Communication and Radiofrequency Identification); by Components ( Hardware, Software and Services); by Application (Remote Monitoring, Customer Experience Management, Inventory Management, Emergency Response Management, Sales and Marketing Optimization, Risk Management, Predictive Asset Analytics and Others) and Verticals (Hospitality, Retail, Transportation & Logistics, Entertainment, Public Buildings, Manufacturing and Others) – Global Analysis and Forecast”, the indoor location market is estimated to reach US$ 24,601.1 million by 2027 from US$ 3,493.8 million in 2018. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

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The implementation of indoor location system has recently witnessed a significant adoption in diverse verticals ranging from manufacturing to logistics to security to sports. The growth in adoption of indoor location system is attributed to several factors such as widespread availability of low-cost sensors and tags, the sophistication of the sensing and connectivity capabilities in devices that do not impact battery life, and the introduction of open ecosystems that allow organizations to construct more flexible business models without locking them into hardware or software.

Some of the key companies operating in indoor location market across the globe include BROADCOM, Cisco Systems Inc., Ericsson AB, Geomoby, IndoorAtlas Ltd., Infsoft GmbH, Micello Inc., Qualcomm Technologies Inc., Senion, Sensware Ltd., Sonitor Technologies, Spreo, STMicroelectronics, and Zebra Technologies Corporation among various other leading market players. Several other players are also functioning in the market worldwide, contributing significant revenue shares year on year.

The implementation of indoor location system has recently witnessed a significant adoption in diverse verticals ranging from manufacturing to logistics to security to sports. The growth in adoption of indoor location system is attributed to several factors such as widespread availability of low-cost sensors and tags, the sophistication of the sensing and connectivity capabilities in devices that do not impact battery life, and the introduction of open ecosystems that allow organizations to construct more flexible business models without locking them into hardware or software.

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There has been constant development in indoor location industry. For instance, Here company enhanced its HERE Positioning by integrating it with GiPStech’s inertial sensors technology. The advancement is expected to provide enhanced smartphone experience for users when they are locating themselves. Also, Zebra Technologies introduced PS20, a new Android-based mobile barcode scanner that allows shoppers to pay for items without going through traditional checkout. The device supports Visible Light Communication (VLC) that can transmit location data with the help of fluorescent light to create indoor position systems.

Despite of emerging instances of the large scale indoor location system majority of the enterprises up till now have been testing these systems on a smaller scale, subsequently capturing the successes and later analyzing and designing the business case for large-scale deployments. Year 2019 onwards the indoor location market is anticipated to witness rollout for the large scale deployment of these indoor location services across numerous industry verticals. Sophistication of the connectivity and sensing technology in devices, advent of open ecosystem enabling the organizations to build more flexible business models and wide availability of the low-cost sensors and tags are some of the factors that would contribute to the growth in coming years. Logistics & transportation, manufacturing, and smart building are some of the prominent sector projected to experience this growth.

The report segments the global Indoor location market as follows:

Global Indoor Location Market – By Technology

Tags
Nodes
Ultra-Wideband
Bluetooth
Wi-Fi
Visual Light Communication
RFID
Others

Global Indoor Location Market – By Application

Remote Monitoring
Customer Experience Management
Inventory Management
Emergency Response Management
Sales & Marketing Optimization
Risk Management
Predictive Asset Analytics
Others

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Reasons To buy

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global indoor location market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the indoor location market, thereby allowing players across the value chain to develop effective long term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
  • Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.

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