Market Research Report
Geo IoT Technologies, Solutions, Applications and Services 2021 - 2028
|Geo IoT Technologies, Solutions, Applications and Services 2021 - 2028|
Published: September 16, 2021
Content info: 79 Pages
Delivery time: 1-2 business days
This report is the result of an in-depth study to evaluate the scope for Geo IoT in various industrial segments, marketing services and applications and regional demand for presence technologies and LBS in conjunction with IoT. The study covers technology requirements and developments in hardware, software and services suitable for location enabled IoT.
This report also provides financials and strategic approach of companies that lead this segment of business and put forth findings of key strategic initiatives taken by leaders in developing markets for location enabled IoT. It also identifies the scope for location enabled IoT business in various parts of the globe and also provides quantitative data on markets with compound annual growth rates for the period of 2021 to 2026.
Just as location determination has become an essential element of personal communications, so shall presence detection and location-aware technologies be key to the long-term success of the Internet of Things (IoT). Geo IoT will positively impact many industry verticals. For example, location enabled IoT brings connectivity, process improvements, and data to both shoppers and retailers.
Many enterprises are already seeing potential due to inclusion of location tracking in IoT and use the ability of technologies integrated in IoT to sense and detect signals transmitted and received from tagged objects or sensors on a real-time basis. Mind Commerce sees the need for various solutions and applications developed for business and individual needs based on location enabled IoT including smart cities, location based marketing and various indoor location applications inside the stores, hospitals and offices.
The use of mobile phones and beacons as transceivers is encouraging new application areas in location enabled IoT solutions. Location based services and location-based advertising and marketing are the key areas of development using mobile phones and beacons.
Location enabled IoT will soon become a global need. Unlike any other business, location enabled IoT solution providers will need to be strong enough in operations to cater various locations other than they operate today because there will be a continuous requirement for onsite calibrations and up-gradations of the tracking devices such as sensors and beacons.
Most of the time, indoor location systems will leverage a partnering model for business operation. The driver for such partnerships is implicit in indoor requirements. Also, the system components are assemblies used by preferred partners. These partners include database providers, hardware component suppliers, software and middleware suppliers and contract service providers.