The Global Indoor Location market is projected to grow at a rapid pace on account of significant rise in smartphone connected devices, rapid digitalization and escalating number of applications powered by Bluetooth Low Energy (BLE) tags. Besides these, increasing technological advancement in smartphones, growing penetration of the global positioning system (GPS) technology, and boost in government inclination to improve positioning for public safety are projected to place a positive impact toward the market growth in the forecast period.
According to MarkNtel Advisors’ research report titled “Global Indoor Location Market Analysis, 2020”, the Global Indoor Location market is anticipated to grow at a CAGR of around 36% during 2020-25. Based on Deployment Mode, cloud-based deployment acquired the majority market share in 2019. This is due to rising adoption of cloud-based indoor location solutions due to cost-effectiveness, easy maintenance, and effective management.
“Global Indoor Location Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and growth opportunities available for Indoor Location providers across the globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
Based on Organization Size, Large-size organization acquired the highest market share in 2019. The growth of the segment is attributed to rising adoption of indoor location solutions and hardware among the organizations in order to enhance customer experience. Large-scale universities and educations institutions are increasingly deploying indoor positioning solutions and hardware in directing visitors, students, to precise locations within the facility from their location outside. It is also used to help students reserving their participation for a conference or booking a seat in the library.
Asia-Pacific Registered Fastest Growth
Asia-Pacific is expected to register fastest growth in Global Indoor Location market in 2019. The market growth of attributed to growing technological advancement and application of indoor location solutions, and rising government investment in 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 as stated in MarkNtel Advisors’ research report “Global Indoor Location Market Analysis, 2020”.
According to MarkNtel Advisors, the key players with a considerable market share 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 , low, Innerspace, ESRI, and SYOOK.
Key questions answered in the study: