Market Research Report
Indoor Location Market by Component (Technology, Software Tools, Services), Deployment Mode (Cloud, On-premises), Application, Vertical (Transportation, Hospitality, Entertainment, Retail, Public Buildings), and Region - Global Forecast to 2022
|Published by||MarketsandMarkets||Product code||318617|
|Published||Content info||171 Pages
|Indoor Location Market by Component (Technology, Software Tools, Services), Deployment Mode (Cloud, On-premises), Application, Vertical (Transportation, Hospitality, Entertainment, Retail, Public Buildings), and Region - Global Forecast to 2022|
|Published: October 19, 2017||Content info: 171 Pages||
The global indoor location market size is expected to grow from USD 7.11 billion in 2017 to USD 40.99 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 42.0% during forecast period. The growing trend of digitalization, increasing use of connected devices, and reliable assistance from governments for ensuring public safety are the major factors driving the growth of the indoor location market, while deployment and maintenance challenges are some of the major restraints for the growth of the indoor location market.
Among the technologies, the sensor and tag-based technology is a high-growth segment in the indoor location market. To monitor natural phenomena, such as heat, pressure, humidity, and air pollution, in a certain indoor space, multiple sensors are integrated with connected devices. Tags are also used to monitor products and assets in the retail and manufacturing verticals respectively. Adoption of the sensor and tag-based technology is increasing, due to the easy adoption of technology.
The cloud deployment mode is expected to have the larger market size than the on-premises segment. Cloud-based indoor location solution providers are developing robust cloud-based solutions for their users. Additionally, organizations are migrating to either a private or a public cloud. Moreover, the cloud deployment mode provides flexibility for business operations and can also be integrated with predictive analytics to provide real-time business insights.
North America is expected to lead the indoor location market with significant Research and Development (R&D) as well as technological advancements in the indoor location technology. Consequently, several North American companies and industries are strategically adopting the indoor location technology at various levels to succeed in the respective market and increase productivity.
In the process of determining and verifying the market size of the several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with the key people. The breakup of the profiles of the primary participants is given below:
Some of the major vendors in the indoor location market are Apple (US), Broadcom (US), Cisco Systems (US), Ericsson (Sweden), GeoMoby (Australia), Google (US), Micello (US), Microsoft (US), Qualcomm (US), Senion (Sweden), STMicroelectronics (Switzerland), and Zebra Technologies (US).
The global indoor location market has been segmented on the basis of components (technology, software tools, and services), deployment modes, applications, verticals, and regions. A detailed analysis of the key market players has been done to provide insights into their business overview, products and services, key strategies, new product launches, partnerships, agreements, collaborations, expansions, and the competitive landscape associated with the indoor location market.
The report will help the market leaders/new entrants in the following ways:
*Details on Business overview, Services offered, Strength of service portfolio, Business strategy excellence, Recent developments might not be captured in case of unlisted companies.