Press Release

Indoor Location Market to Witness 16% CAGR

Increasing number of applications powered by beacons and BLE tags to drive global indoor location market

According to TechSci Research report, Global Indoor Location Market By Component, By Deployment, By Organization Size, By Technology, By Application, By End-user, By Region, Competition, Forecast & Opportunities, 2025, the global indoor location market is projected to grow at a formidable rate of around 16% during 2020 – 2025 on account of growing integration of beacons in cameras, LED lightings, POS devices, and digital signages. Also, proliferation of smartphones, connected devices, and location-based applications among customers and inefficiency of the GPS in an indoor environment are boosting the indoor location market.

Browse 166 market data Figures and Tables spread through 125 Pages and an in-depth TOC on "Global Indoor Location Market"

https://www.techsciresearch.com/report/indoor-location-market/5039.html

The global indoor location market is segmented based on component, deployment, organization, technology, application, end-user, company and region. Based on component, the market is categorized into hardware, service and solution. The solution segment is expected to dominate the market during the forecast period, followed by service and hardware segments. Apple Inc, Broadcom., Cisco Systems, Inc., Telefonaktiebolaget LM Ericsson, GeoMoby, Google LLC, HERE (Micello, Inc.), Microsoft, Qualcomm Technologies, Inc., and Senion are among the leading players operating in the indoor location market.  Leading companies are developing advanced technologies in order to stay competitive

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In terms of market segmentation by deployment, cloud based deployment mode account for around two-thirds of the market share in 2019 with on-premise segment grabbing the remaining market share. Over the course of next five years, Cloud based segment is expected to further strengthen its presence across the globe.“Asia Pacific is expected to witness significant growth in the indoor location market over the next five years, since the region is becoming the centre of digital innovation. Countries such as China and India are boosting the region’s indoor location market owing to rising innovation and low costs.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Indoor Location Market By Component, By Deployment, By Organization Size, By Technology, By Application, By End-user, By Region, Competition, Forecast & Opportunities, 2025”, has evaluated the future growth potential of global indoor location market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global indoor location market.

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