Drivers and Trends Benefits Indoor Location Market to Grow at 23.19% CAGR, projected to Reach USD 11.19 billion in 2024
Market Insights
As per recent research by MarkNtel Advisors, The Global Indoor Location Market size was valued at USD 11.19 billion in 2024 & is projected to reach USD 39.11 billion by 2030. The market is also estimated to grow at a CAGR of around 23.19% during the forecast period, i.e., 2024-30.
Global Indoor Location Market Driver:
Rising Penetration of Smartphones & Connected Devices – With the rising usage of smartphones & changing consumer buying behaviors, companies are trying to provide location-based applications to engage their customers in indoor spaces. By offering navigation for products, indoor positioning helps retailers improve the overall customer experience, thus making it popular among retailers. Furthermore, rapid advancements in smartphones are also instigating the usage of indoor location systems, which might reduce the need for satellite-based navigation applications in closed urban situations, thus eventually driving the demand graph of the Indoor Location Market.
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Market Segmentation and Consumer Behavior:
By Component
- Hardware
- Solutions
- Indoor Tracking
- Asset & People Tracking
- Indoor Location Analytics
- Indoor Navigation
- Indoor Tracking
- Services
- Managed Services
- Professional Services
- Deployment & Integration
- Consulting
- Maintenance & Upgrade
By Deployment Mode
- On Premises
- Cloud
By Connectivity
- Bluetooth
- WiFi
- Ultra Wideband Technology
- Others
By Application
- Emergency Management
- Sales & Marketing Optimization
- Remote Monitoring
- Predictive Asset Maintenance
- Supply Chain Management
- Others
By Vertical
- Retail
- Transportation & Logistics
- Entertainment
- Manufacturing
- Healthcare
- Travel & Hospitality
- Others
By Organization Size
- Large
- Mid-Size & Small
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Indoor Location Market Geographical Analysis:
By Region:
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Key Players and Competitive Strategies in the Indoor Location Market
Several prominent players dominate the Indoor Location Market, including:
- Zebra Technologies
- Inpixon
- HPE
- MIST Systems
- HID Global
- Microsoft
- Apple
- Cisco
- Acuity Brands
- Centrak
- Sonitor
- Ubisense
- Infsoft
- HERE
- Indooratlas
- Stanley Healthcare
- Midmark
- Quuppa
- Airista Flow
- Innerspace
- ESRI
- SYOOK
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Questions Addressed in this Study
1.What factors are driving the Indoor Location Market growth?
2.How is the Indoor Location Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Indoor Location Market?
4.What is the current size of the Indoor Location Market, and how is it projected to change in the future?
5.What is the future outlook for the Indoor Location Market in terms of technological advancements and market expansion?
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