Indoor Location Market by Solution (Tag-based Solution and RF-based Solution), Application (Indoor Navigation & Maps, Tracking & Tracing Application and Monitoring & Emergency Management), Service (Support and Managed Services and Consulting) - Global Opportunity Analysis and Industry Forecast, 2021-2027
|ID: VPR/ICT/217||Publishing Year: January 2021||Pages: 89||Format:|
Indoor Location Market was valued at $XXX billion in2019, and it is expected to reach $XXX billion by 2027, registering a CAGR of XX% from 2021 to2027. Indoor Location Systems are devices that are used to locate people or objects inside a building with the help of radio waves, acoustic signals, magnetic fields, and other sensory information that are collected through mobile devices. Indoor Positioning is a technology that locates people or objects where GPS and other satellite technologies lack precision or fail, such as inside multistory buildings, airports, alleys, parking garages, and underground locations. Increased usage of smartphones and consistent support from the government for public safety is driving the market of Indoor Location. While Indoor Location Technology is still unaware of many people is slowing the market growth. With the increasing use of smart devices with mobile applications, mobile commerce, technological advancement, and the growing trend of digitalization is boosting the indoor location market. Indoor Location Technology enhances the customer experience. Indoor navigation is used in different verticals like healthcare, offices, educational institutes, and others. The automobile industry also uses tracking and tracing techniques for identification of companies also used technology for quality checking.
The indoor location market is segmented by Solution, application, and Service.
This segment is bifurcated into a Tag-based solution and RF-based solution. Tag-based solutions are used for real-time location systems using GPS tags to report data directly through cellular. It has different parts such as Ultra Wide-Band Location Tags, WiFi Location Tags, Infrared Location Tags, Passive Location RFID Tags, Active RFID Location Tags. The Bluetooth and wireless LAN are boosting the market of consumer electronics and sensor wireless devices.
The application segmented into Indoor navigation and maps, tracking and tracing application and monitoring and Emergency management. The use of indoor navigation and maps is growing day by day, it helps one to navigate unknown complexes and buildings. Users can locate their location using this navigation system. Tracking and tracing systems are now more used by e-commerce companies. The emerging Iot based tracking and tracing applications are now in trend for various utilizations. Cloud-based emergency management systems are used to monitoring the utilization of storage of data and analyzing mass data structures.
This segment is categorized into Support and Managed Services and Consulting. This is a form of modern IT management. It helps to prevent devices from security software, software patches, and other attacks. Managed services are needed to handle the increasing processes and functions which improves operations and cut expenses.
The industry verticals are segmented into BFSI, Retail, Telecom, Healthcare, Oil & Gas and Mining, Information Technology and Media, Manufacturing, Government (Public utilities & public safety and security), and Others. The tourism industry also use indoor location technology for navigation of hotels and transportation.
INDOOR LOCATION MARKET KEY SEGMENTS:
Market By Solution
- Tag-based Solution
- RF-based Solution
Market By Application
- Indoor Navigation & Maps
- Tracking & Tracing Application
- Monitoring & Emergency Management
Market By Service
- Support and Managed Services
Market By Industry
- Oil & Gas and Mining
- Information Technology and Media
- Government (Public utilities & public safety and security)
Market By Geography
- North America
- Asia Pacific
KEY MARKET PLAYERS
- Cisco Systems, Inc.
- Broadcom Corporation
- Motorola Solutions
- Google, Inc.
- Apple, Inc.
- STMicroelectronics N.V.
- Microsoft Corporation
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