Indoor Location Market

Indoor Location Market is predicted to reach at USD 19,900 Million by 2028 at a CAGR of 22.9% during the forecast period.

Indoor Location Market Overview

Indoor location is the tracking of an object present in an indoor location. For tracking such an object’s positioning, system is used, which helps humans locate any object inside an organization with the help of signals. It is primarily applicable in retail, transport, entertainment, hospitality, public buildings, and others.

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Major Indoor Location Market Drivers

The factors driving the global indoor location market include the increasing proliferation of smartphones, connected devices, and location-based applications powered by beacons and BLE tags among consumers. Moreover, increasing demand for RFID tags in the retail sector and the rising demand for indoor location technologies to support lean automation and robotic processes will further propel the market growth of the Indoor Location over the forecast period. In addition, advancement in technology has encouraged manufacturers to build the most advanced type of solutions with the help of Internet of Things sensor devices such as beacons, sensors, and others. Geographic Information System (GIS) uses various types of location-based data to build 3D visualization and maps, will increase the demand for the Indoor Location market.

Restraint in the Indoor Location Market

However, sensitive location-based data for users has increased data and security concerns. Users provide their unique identification to the service provider to gain information related to the position and can be a severe threat if the data leaks because of external cyber-attacks and may hamper the global Indoor Location market.

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Application – Segment Analysis

Based on the Application, indoor navigation & maps are expected to grow at the fastest rate in the global indoor location market during the forecast period. Indoor navigation tracks objects and humans inside a building using acoustic signals or radio waves through an indoor positioning system. For instance, KeenEthics provides iBeacon solutions to make mall and retail navigation easier. With indoor positioning, retailers can easily understand the behaviour of the customer, such as which section they visit or where they stay the longest.

Vertical – Segment Analysis

Based on the Vertical, travel & tourism segment is projected to capture the largest market share over the forecast period in the global Indoor Location market. The use of beacons in travel & hospitality is more in airlines & airports to auto-detect users’ presence inside the airport using geofencing technology. Moreover, it helps to know on which floor the user is located, enabling better and effective communication. For instance, the Cote d’Azur Airport in Paris uses beacon-enabled app in order to send contextual retail information to passengers, based on the location of the user in the terminal.

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Regional – Segment Analysis:

Based on the region, the North America region is expected to capture a significant market share in the global indoor location market due to the rising adoption of smartphones and the growth of IoT technology in the region. According to GSMA, the smartphone penetration in North America is 83% in 2019 with a USD 280 billion in revenue, and adoption of 5G connections will rise to 48% by 2025 with 205 million subscribers. Moreover, the presence of leading companies in the region such as Zebra Technologies, Google LLC, Cisco Systems will further create demand for the indoor location market.

Top Market Players

Various notable players operating in the market include Cisco Systems, Google LLC, Zebra Technologies, Inpixon, Polaris Wireless, Mapxus, InnerSpace, Microsoft Corporation, Motorola Solution, Qualcomm, and among others.

Key Developments:

• • In 2021, Inpixon acquired Design Reactor, a SaaS app platform. It will help organizations offer a location-based employee app that focuses on the workplace, enhances the experience, and hosts virtual and hybrid events.
  • In 2020, Cisco Systems launched Phunware location-based services in Meraki. It allows customers and partners to view, demo, and deploy commercial solutions. It offers a real-time blue dot indoor positioning, navigation, and wayfinding across a campus or facility.

Segments covered in the Report:

The global Indoor Location market has been segmented on the basis of Application, Vertical, Technology, Component and regions. Based on Application, the market is segmented into Indoor Navigation & Maps, Tracking, & Tracing, Monitoring & Emergency Management. Based on Vertical, the market is segmented into Travel & Tourism, Media & Entertainment, Transport & Logistics, Government & Public Sector, Manufacturing, Others. Based on Technology, the market is segmented into Wi-Fi, RFID, Magnetic Positioning, Others. Based on Component the market is segmented into Hardware, Solutions, Services.

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Market Segmentation

Global Indoor Location Market by Application

• • Indoor Navigation & Maps
  • Tracking, & Tracing
  • Monitoring & Emergency Management

Global Indoor Location Market by Vertical

• • Travel & Tourism
  • Media & Entertainment
  • Transport & Logistics
  • Government & Public Sector
  • Manufacturing
  • Others

Global Indoor Location Market by Technology

• • Wi-Fi
  • RFID
  • Magnetic Positioning
  • Others

Global Indoor Location Market by Component

• • Hardware
  • Solutions
  • Services

Global Indoor Location Market by Region

• • North America Indoor Location Market (Option 1: As a part of the free 25% customization)

    • North America Indoor Location Market by Application
    • North America Indoor Location Market by Vertical
    • North America Indoor Location Market by Technology
    • North America Indoor Location Market by Component
    • US Indoor Location Market All-Up
    • Canada Indoor Location Market All-Up

  • Europe Indoor Location Market (Option 2: As a part of the free 25% customization)

    • Europe Indoor Location Market by Application
    • Europe Indoor Location Market by Vertical
    • Europe Indoor Location Market by Technology
    • Europe Indoor Location Market by Component
    • UK Indoor Location Market All-Up
    • Germany Indoor Location Market All-Up
    • France Indoor Location Market All-Up
    • Spain Indoor Location Market All-Up
    • Rest of Europe Indoor Location Market All-Up

  • Asia-Pacific Indoor Location Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific Indoor Location Market by Application
    • Asia-Pacific Indoor Location Market by Vertical
    • Asia-Pacific Indoor Location Market by Technology
    • Asia-Pacific Indoor Location Market by Component
    • China Indoor Location Market All-Up
    • India Indoor Location Market All-Up
    • Japan Indoor Location Market All-Up
    • Rest of APAC Indoor Location Market All-Up

  • RoW Indoor Location Market (Option 4: As a part of the free 25% customization)

    • RoW Indoor Location Market by Application
    • RoW Indoor Location Market by Vertical
    • RoW Indoor Location Market by Technology
    • RoW Indoor Location Market by Component
    • Brazil Indoor Location Market All-Up
    • South Africa Indoor Location Market All-Up
    • Saudi Arabia Indoor Location Market All-Up
    • UAE Indoor Location Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Indoor Location Market All-Up

Major Players Operating in the Indoor Location (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Cisco Systems
  • Google LLC
  • Zebra Technologies
  • Inpixon
  • Polaris Wireless
  • Mapxus
  • InnerSpace
  • Microsoft Corporation
  • Motorola Solution
  • Qualcomm