Indoor Location Market Size is expected to reach US$ 24,601.1 Mn by 2027
The Indoor Location Market is estimated to reach US$ 24,601.1 million by 2027 from US$ 3,493.8 million in 2018. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
This research report provides insights into the “Indoor
Location Market.” This report summarizes the results of the
assessment carried out by The Insight Partners in the field of the Benefits
Management Platform for the global perspective. The report provides an analysis
of the Benefits Indoor Location Market by deployment, application, and
geography.
The implementation of indoor location system has recently
witnessed a significant adoption in diverse verticals ranging from
manufacturing to logistics to security to sports. The growth in adoption of
indoor location system is attributed to several factors such as widespread
availability of low-cost sensors and tags, the sophistication of the sensing
and connectivity capabilities in devices that do not impact battery life, and
the introduction of open ecosystems that allow organizations to construct more
flexible business models without locking them into hardware or software.
The report provides the current market size for the Indoor
Location Market, defines trends, and presents growth forecasts for nine years
from 2022 to 2028. 2020 is considered as the base year, and 2022 to 2028 is the
forecast year for the entire report. All the market numbers for revenue are
provided in US dollars. The market is analyzed by the supply side, considering
the market penetration of Benefits Management Platform for all the regions
globally.
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There has been constant development in indoor location industry.
For instance, Here company enhanced its HERE Positioning by integrating it with
GiPStech’s inertial sensors technology. The advancement is expected to provide
enhanced smartphone experience for users when they are locating themselves.
Also, Zebra Technologies introduced PS20, a new Android-based mobile barcode
scanner that allows shoppers to pay for items without going through traditional
checkout. The device supports Visible Light Communication (VLC) that can
transmit location data with the help of fluorescent light to create indoor
position systems.
The research report focuses on the current Indoor Location market
trends, opportunities, future potential of the market, and competition in the
Benefits Management Platform in North America, Europe, Asia-Pacific, Middle
East & Africa, and South America. The study also provides market insights
and analysis of the Benefits Management Platform, highlighting the technological
market trends, adoption rate, industry dynamics, and competitive analysis of
major players in the industry.
Some of the key companies operating in indoor location
market across the globe include BROADCOM, Cisco Systems Inc., Ericsson AB, Geomoby,
IndoorAtlas Ltd., Infsoft GmbH, Micello Inc., Qualcomm Technologies Inc.,
Senion, Sensware Ltd., Sonitor Technologies, Spreo, STMicroelectronics, and
Zebra Technologies Corporation among various other leading market players.
Several other players are also functioning in the market worldwide,
contributing significant revenue shares year on year.
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
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