The Global Indoor Location Market is expected to witness around 38% CAGR during 2021-26. The use of indoor location services is not restricted to any specific industry. They are used extensively across various verticals, such as Retail, Logistics, Manufacturing, Healthcare, Travel & Hospitality, etc. The mounting use of Bluetooth beacons in PoS devices, LEDs, cameras, etc., increasing government concerns toward enhancing public safety is the prime aspect driving the global market during 2021-26.
Further, the surging usage of smartphones and connected devices is also accelerating the use of indoor location systems. The inadequacy of the GPS technology in indoor locations is another crucial factor encouraging the demand for indoor location systems. Additionally, the rising trend of digitalization and mobile commerce is also propelling the overall market growth, further states the research report, “Global Indoor Location Market Analysis, 2021.”
Key Questions Answered in the Study
Transportation & Logistics and Travel & Hospitality Together Captures Largest Share of the Global Indoor Location market
The Transportation & Logistics and Travel & Hospitality sectors are the largest users of indoor location services. These services offer mobile assistance to travelers at airports or train stations and guide them to their desired locations. They also help in managing passenger inflow and crowds in such public places.
Moreover, it also contributes to public safety by aiding in the route optimization of security guards. Furthermore, indoor location systems are also used widely in the logistic industry to track goods & employees in real-time. It, in turn, enhances overall productivity, provides dynamic decision support, and speeds-up logistic processes.
Substantial Adoption of Indoor Positioning in the US & Canada to Drive the North America Market during 2021-26
Geographically, North America is expected to capture the largest share of the Global Indoor Location Market. The surging adoption of location-based applications in retail sectors across North America drives the regional market. In addition, the increasing prevalence of advanced technologies like Wi-Fi, BLE (Bluetooth Low Energy), and Ultra-Wide Band (UWB) in indoor positioning is also encouraging overall market growth across the region.
In the region, the United States is the largest market, followed by Canada, since most organizations present in these countries have started adopting indoor location systems for asset tracking & visitor management. Currently, these countries are investing massively in the ultrasound technology for improved facilities of resource utilization to enable patient-centric care. Hence, the rising usage of indoor navigation services is driving the regional market, reveals MarkNtel Advisors in their research report, “Global Indoor Location Market Analysis, 2021.”
According to MarkNtel Advisors, the leading players in the Global Indoor Location Market are Zebra Technologies, Inpixon, HPE, MIST Systems, HID Global, Google, Microsoft, Apple, Cisco, Acuity Brands, Centrak, Sonitor, Ubisense, Infsoft, HERE, Indooratlas, Stanley Healthcare, Midmark, Quuppa, Airista Flow, Innerspace, ESRI, and SYOOK.