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Indoor Location Market by Component, Deployment Mode, Application, Vertical And Region - Global Forecast to 2022

Indoor Location Market: Global Forecast until 2022

  • October 2017
  • 172 pages
  • ID: 5164656
In this report:
The market size of China is expected to grow from USD ##.## million in 2017 to USD ##,##.## million by 2022, at a CAGR of ##.##% during the forecast period, given the growing adoption of indoor-based technologies in various verticals, including retail, transportation, entertainment, hospitality, public buildings, BFSI, and oil and mining.

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Increasing adoption of connected devices is driving the increase of the indoor location market

The overall indoor location market size is forecasted to grow from ~$7.1B in 2017 to ~$41.0B by 2022, at a Compound Annual Increase rate of 42.00 percent during forecast period. The increasing trend of digitalization, growing use of connected devices, and reliable assistance from governments for ensuring public safety are the main factors driving the rise of the indoor location market, while deployment and maintenance challenges are some of the main restraints for the increase ot the indoor location market.

In terms of rise rate, the sensor and tag-based technology is anticipated to record the maximum growth rate in the indoor location market during the estimate period.

Among the technologies, the sensor and tag-based technology is a high-growth segment in the indoor location market.To monitor natural phenomena, including 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 growing, due to the easy adoption of technology.

The cloud-based deployment mode is intended to have the larger market size than the on-premises segment.

The cloud deployment mode is forecasted 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.

On top of, institutions are migrating to either a private or a public cloud. Furthermore, the cloud deployment mode offers flexibility for business operations and can also be integrated with predictive analytics to offer real-time business insights.

North America continent is anticipated to witness the biggest market size in the indoor location market during the outlook period.

North America (NA) is anticipated to lead the indoor location market with significant Research and Development as well as technological advancements in the indoor location technology. Consequently, various North American firms and sectors are strategically adopting the indoor location technology at severals levels to succeed in the respective market and growth productivity.

In the process of finding out and checking the market size of the different segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with the top people. The breakup of the profiles of the primary participants is presented below:

• By Company category: Tier I - 18.0 percent, Tier II - 40.0 percent, and Tier III - 42.0 percent

• By Designation Level: C-suite - 34.0 percent, D-Level - 28.0 percent, and Others - 38.0 percent

• By Area: North America continent - 32.0 percent, Europe (EU) -28.0 percent, MEA - 22.0 percent, and Asia-Pac - 18 %

Some of the main vendors in the indoor location market are Apple, Broadcom, Cisco (NASDAQ:CSCO), Ericsson (NASDAQ:ERIC), GeoMoby, Google, Micello, Microsoft, Qualcomm, Senion, STMicroelectronics, and Zebra Technologies.

Segment Research

The overall indoor location market has been split on the basis of components (technology, software tools, and services), deployment modes, applications, verticals, and localities. An in-depth study of the main market actors has been done to furnish business insights into their sector overview, products and services, top strategies, recent product launches, alliances, strategic agreements, collaborations, business developments, and the competitive landscape combined with the indoor location market.

Reasons to Buy the Report

The market research will facilitate the market top players/new sector entrants in these ways:

• The document breaks down the indoor location market comprehensively and offers the best approximations of the revenue data for the global market segments and sub-segments across different areas.

• The report benefits partners comprehend the pulse of the sector and offers them information on the main market drivers, market restraints, opportunities, and alternatives.

• The report benefits partners better comprehend their players and obtain additional insights to enhance their rank in the sector. The competitive outlook section includes the MicroQuadrant matrix, wherein 26 industry actors have been placed in 4 quadrants, that is, visionary leaders, dynamic differentiators, innovators, and emerging firms, established on the firms' product offerings and strategic management.

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