Market Overview
Indoor location deals with the network of devices that helps locate people or objects through advanced technologies & signals.
According to MarkNtel Advisors’ research report, “Global Indoor Location Market Analysis, 2021,” the market is likely to grow at a CAGR of around 38% during 2021-26. The market growth owes to the burgeoning number of connected devices to monitor heat, pressure, humidity, air pollution, and rising adoption & demand for indoor location technology among various verticals, such as manufacturing and healthcare, to improve lean automation and robotics processes. Moreover, the escalating investment in IT infrastructure and surging inclination toward deploying sensors & tag-based technology are other critical aspects likely to contribute to the market growth in the forecast years.
| Report Coverage | Details |
| Study Period | Historical Data: 2016-20 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| CAGR (2021-26) | 38% |
| Regions Covered | USA, Canada, Mexico |
| Europe: Germany, UK, France, Italy, Spain | |
| Asia-Pacific: China, India, Japan, South Korea, Australia | |
| South America: Brazil | |
| Middle East & Africa: UAE, Saudi Arabia, South Africa | |
| Key Companies Profiled | 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, SYOOK |
| Unit Denominations | USD Million/Billion |
COVID-19 Positively Impacted the Market
The spread of the COVID-19 pandemic has changed the way how people used to access their indoor environment. Social distancing among people in indoor spaces has resulted in dramatically increasing the Global Indoor Location Market growth. Although, lockdown imposed by the government in the wake of the COVID-19 outbreak has affected the Global Indoor Location Market owing to the movement restrictions and shutdown of malls, retail shops, etc. However, with the lockdown upliftment and all the indoor spaces reopened, the rising need to follow social distancing measures and surging awareness regarding the value of mapping in indoor spaces are likely to accelerate the growth of the Global Indoor Location Market.
Market Segmentation
Transportation and Logistics Vertical Accounted for the Largest Market Share
Based on the Verticals, the market bifurcates into Retail, Transportation & Logistics, Entertainment, Manufacturing, Healthcare, and Travel & Hospitality. Of them all, the Transportation & Logistics segment acquired the largest share in the Global Indoor Location Market in the previous few years. It primarily owes to the rising adoption of indoor location solutions in the transportation industry to optimize services by understanding the customer behavior and increasing the requirement for mobile support for travelers to guide them at airports, railway stations, and airports. Moreover, in the logistics industry, the increasing need to reduce wastage of time in asset location management and track & identify asset locations is also likely to drive the overall market growth in the forecast period, cites MarkNtel Advisors in their research report, “Global Indoor Location Market Analysis, 2021.”
Large-Size Organization Attained Highest Market Share
Based on the organization size, the market divides into Large and Mid-Size & Small size Organization. Among these segments, the Large-Scale organization captured a significant market share in the Global Indoor Location Market in the previous few years. It owes to the rising adoption of indoor location solutions & hardware among organizations to enhance customer experience. Moreover, large-scale universities and educational institutions are deploying indoor positioning solutions and hardware in directing visitors & students to precise locations within the facility from outside. It also helps students reserve their participation for a conference or booking a seat in the library.
Regional Landscape
North America Dominated the Market
Geographically, North America held the largest share in the Global Indoor Location Market in the previous few years. It owes to the surging investments by market players for developing several advanced technologies and offer various applications of indoor location solutions. In addition to this, the rising number of indoor location industry players in the region also fuels the growth of the Indoor Location Market in North America.
Market Driver
Burgeoning Technological Advancements
The launch of cloud and IoT systems helps companies to automate their operations. The mounting applications of IoT are beneficial for various verticals for enhancing their operations. Further, rapid market penetration of smartphones, several mobile applications, digitalization, technological advancements, mobile commerce augments the growth of the Indoor Location Market across the globe.
Market Challenge
Limitations in Accuracy
Although the Indoor Location market offers many new business opportunities, it also poses certain shortcomings, including limited accuracy & precision, complicated maintenance process of indoor sensing platforms, and scarcity of data quality assessment tools.
Competitive Landscape
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.
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation, and Statistics
Frequently Asked Questions
A. The Global Indoor Location Market is forecast to grow at a CAGR of 38% during 2021-26.
A. 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 are a few of the leading players in the Global Indoor Location Market.
A. Transportation & Logistics is likely to attain the highest CAGR during the forecast period and maintain its significant market share.
A. North America continues to grow at the highest CAGR during 2021-26, thereby presenting immense opportunities to market players of the Global Indoor Location Market.
A. The burgeoning number of connected devices to monitor heat, pressure, humidity, & air pollution and rising adoption & demand for indoor location technology among verticals such as manufacturing & healthcare to improve lean automation & robotics processes drive the growth of the Global Indoor Location Market.
A. The spread of the COVID-19 pandemic has changed the way how people used to access their indoor environment. Social distancing measures among people in indoor spaces have dramatically increased the Global Indoor Location Market growth.
