Indoor Location Market Size worth approximately $31.4 billion by 2029
This research report categorizes the indoor location market to forecast revenues and analyze trends by Offering, application, technology, vertical, and regions
(EMAILWIRE.COM, August 29, 2024 ) According to a research report titled, "Indoor Location Market Size, Share, Growth Analysis, By Offering (Hardware, Solutions, Services), Technology (BLE, UWB, Wi-Fi), Application, Vertical (Retail, Healthcare & Pharmaceuticals, Manufacturing) and Region - Global Forecast to 2029" published by MarketsandMarkets, the indoor location market is projected to grow from USD 11.9 billion in 2024 to USD 31.4 billion by 2029, at a CAGR of 21.4% during the forecast period.
The need for indoor location solutions is predicted to grow due to the rising number of applications powered by BLE tags and beacons. The availability of the increasing number of mobile devices and the quickly developing market of indoor positioning systems including navigation and asset tracking services. Indoor location solutions are being embraced into the healthcare facilities for asset tracking and monitoring of patients as well as the staff, which positively impacts on the care delivered and the facilities productivity.
Browse in-depth TOC on "Indoor Location Market”
328 - Tables
58 - Figures
324 - Pages
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Based on offerings, the hardware segment holds the largest market size during the forecast period.
Beacons, sensors, tags, gateways, fixed readers, and Wi-Fi access points are all included in the hardware sector. In location, vendors have developed hardware in response to growing customer demand for BLE, sensors, and Wi-Fi technologies to pinpoint their location within a building. Various retail stores integrate beacons and Wi-Fi with in-store signage system that gives customers the remote control to decide what product information or details they want to see. Beacons can also be used with server-based applications. For instance, they enable the tracking and evacuating people and items in big industrial buildings, the analysis of itineraries, security applications (access control, theft protection, dead man's handle), and workplace administration.
Based on technology, ultra-wideband is projected to register the highest CAGR during the forecast period.
The term "UWB" refers to a baseband, carrier-free, impulse technology that sends out very short pulses with a low power spectral density. Its access range spans from 10.6 GHz to 3.1 GHz. This excessive bandwidth provides information rates for the conversion of data for decision-making. UWB positioning is useful where the position of objects in buildings must be determined with high precision. This technology can implement both server-based (asset tracking) and client-based (indoor navigation) applications. UWB has very high sampling rates, which greatly reduces latency.
Based on region, Asia Pacific is projected to register the highest CAGR during the forecast period.
Asia Pacific has seen a rapid and sophisticated uptake of new technology. The Asia Pacific indoor location market is expanding due to the region's growing population and rising infrastructure. The expansion of indoor location solutions in the region is driven by the sharp increase in technology use across verticals to improve the experience of consumers and visitors. Rising startups and their need for location-tracking solutions and government initiatives toward smart city technologies are driving the market's growth.
Indoor Location Companies:
The major vendors covered in the indoor location market include Zebra Technologies (US), Cisco (US), Google (US), Microsoft (US), HPE (US), Apple (US), Esri (US), Acuity Brands (US), Inpixon (US), HERE Technologies (US), HID Global (US), CenTrak (US), Sonitor (Norway), Ubisense (UK), infsoft (Germany), Polaris Wireless (US), Quuppa (Finland), Securitas Healthcare (US), Navigine (US), Blueiot (China), Kontakt.io (US), AiRISTA (US), InnerSpace (Canada), Syook (India), Oriient (Israel), Navenio (England), Situm (Spain), Pozyx (Belgium), Azitek (Portugal), and Mapxus (China).
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit https://www.marketsandmarkets.com/ or follow us on Twitter, LinkedIn and Facebook.
Contact:
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1615 South Congress Ave.
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USA: +1-888-600-6441
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Content Source: https://www.marketsandmarkets.com/PressReleases/indoor-location.asp
The need for indoor location solutions is predicted to grow due to the rising number of applications powered by BLE tags and beacons. The availability of the increasing number of mobile devices and the quickly developing market of indoor positioning systems including navigation and asset tracking services. Indoor location solutions are being embraced into the healthcare facilities for asset tracking and monitoring of patients as well as the staff, which positively impacts on the care delivered and the facilities productivity.
Browse in-depth TOC on "Indoor Location Market”
328 - Tables
58 - Figures
324 - Pages
Download PDF Brochure
Based on offerings, the hardware segment holds the largest market size during the forecast period.
Beacons, sensors, tags, gateways, fixed readers, and Wi-Fi access points are all included in the hardware sector. In location, vendors have developed hardware in response to growing customer demand for BLE, sensors, and Wi-Fi technologies to pinpoint their location within a building. Various retail stores integrate beacons and Wi-Fi with in-store signage system that gives customers the remote control to decide what product information or details they want to see. Beacons can also be used with server-based applications. For instance, they enable the tracking and evacuating people and items in big industrial buildings, the analysis of itineraries, security applications (access control, theft protection, dead man's handle), and workplace administration.
Based on technology, ultra-wideband is projected to register the highest CAGR during the forecast period.
The term "UWB" refers to a baseband, carrier-free, impulse technology that sends out very short pulses with a low power spectral density. Its access range spans from 10.6 GHz to 3.1 GHz. This excessive bandwidth provides information rates for the conversion of data for decision-making. UWB positioning is useful where the position of objects in buildings must be determined with high precision. This technology can implement both server-based (asset tracking) and client-based (indoor navigation) applications. UWB has very high sampling rates, which greatly reduces latency.
Based on region, Asia Pacific is projected to register the highest CAGR during the forecast period.
Asia Pacific has seen a rapid and sophisticated uptake of new technology. The Asia Pacific indoor location market is expanding due to the region's growing population and rising infrastructure. The expansion of indoor location solutions in the region is driven by the sharp increase in technology use across verticals to improve the experience of consumers and visitors. Rising startups and their need for location-tracking solutions and government initiatives toward smart city technologies are driving the market's growth.
Indoor Location Companies:
The major vendors covered in the indoor location market include Zebra Technologies (US), Cisco (US), Google (US), Microsoft (US), HPE (US), Apple (US), Esri (US), Acuity Brands (US), Inpixon (US), HERE Technologies (US), HID Global (US), CenTrak (US), Sonitor (Norway), Ubisense (UK), infsoft (Germany), Polaris Wireless (US), Quuppa (Finland), Securitas Healthcare (US), Navigine (US), Blueiot (China), Kontakt.io (US), AiRISTA (US), InnerSpace (Canada), Syook (India), Oriient (Israel), Navenio (England), Situm (Spain), Pozyx (Belgium), Azitek (Portugal), and Mapxus (China).
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit https://www.marketsandmarkets.com/ or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/indoor-location.asp
Contact Information:
MarketsandMarkets™
Mr. Rohan Salgarkar
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Rohan Salgarkar
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results