According to MarkNtel Advisors’ research report, “Global Indoor Location Market Analysis, 2021,” the market is likely to grow at a CAGR of 38% during 2021-26. The growth of the Global Indoor Location market owes to the significant rise in smartphone-connected devices, rapid digitalization, and escalating number of applications powered by Bluetooth Low Energy (BLE) tags. Besides, increasing technological advancements in smartphones, growing penetration of the global positioning system (GPS) technology, and a boost in government inclination to improve positioning for public safety are other critical aspects likely to fuel the overall market growth in the forecast period.
Key Questions Answered in the Study
Indoor Navigation Attains the Largest Market Share
Based on the Component, the market divides into Hardware, Software, and Solution. The Software segment further bifurcates into Indoor Tracking and Indoor navigation. Of them all, the Indoor Navigation segment accounted for the largest market share in the Global Indoor Location Market in the previous few years. Indoor location is gaining popularity as it is likely to become a crucial part of any online service and mobile device that helps improve the overall customer experience. It is also beneficial for providing direction & navigation of location within the building premises and assist visitors or employees in the indoor environments to find the actual floor level.
“Global Indoor Location Market Analysis, 2021” provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Indoor Location providers across the globe. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.
Asia-Pacific Exhibits Fastest Growth
The Asia-Pacific region is likely to register the fastest growth in the Global Indoor Location market during 2021-26. It owes to the growing technological advancements and applications of indoor location solutions and rising government investment toward improving IT infrastructure. Moreover, escalating presence of indoor location players, rising number of online users, and considerable inclination toward smartphone-connected devices are the major factors anticipated to bolster the growth of the Indoor Location Market in the forthcoming period. Therefore, based on these factors, the Asia-Pacific region is very likely to contribute to the overall market growth in the forecast period, reveals MarkNtel Advisors in their research report, “Global Indoor Location Market Analysis, 2021.”
According to MarkNtel Advisors, the major 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.