Global Indoor Location Market Forecast
The Global Indoor
Location Market has reached USD 14.2 Billion in 2019 and projected to reach USD
171 Billion by 2026 with a significant CAGR of 42.72% during the forcast period
2020-2026. The consistent support to governments for ensuring public safety,
increased penetration of smartphones, and insufficiency of GPS technology in
indoor locations, etc. are some of the major factors that contributes the
growth of indoor location market.
Moreover, trend of
digitalization, innovative mobile applications, mobile commerce, and advancements
in technology are driving the growth of the indoor location market. Logistics
& transportation, manufacturing, and smart building are some of the
significant sector projected to experience this growth.
Location Market: Overview
indoor location is a system used to locate people or objects inside a building
with the help of radio waves, acoustic signals, magnetic fields, and other
sensory information which are collected through mobile devices. Indoor location
is a tracking of any object which is present in indoor and also known as indoor
localization. Indoor positioning system advanced technology is used for tracing
objects which can locate objects or humans situated in a company with the help
of radio waves or acoustic signals collected by handheld devices including
mobile phones, and other devices.
Increasing scope of application for indoor location
drives the market growth
Despite of rising
instances of the large scale indoor location system majority of the enterprises
up till now have been testing these systems on a smaller scale, subsequently
capturing the successes and then analyzing and designing the business case for
large-scale deployments. The indoor location market is anticipated to witness
rollout for the large scale deployment of these indoor location services among several
industry verticals. Sophistication of the connectivity and sensing technology
in devices, introduction of open ecosystem allowing the organizations to build
more flexible business models and varied availability of the low-cost sensors
and tags are some of the factors that would drive the growth in coming years.
Increase in number of internet connected devices
in positioning technologies the location positioning and navigation
capabilities has enhanced significantly in the past decade. Further, the rising
popularity of location based services especially for smartphones has gained considerable
momentum in the past few years. As a result, the leading retailers and luxury
retail brands are progressively focusing on utilizing of marketing strategies
towards their loyal customers through implementation of indoor location
services for providing more exclusive offers. Subsequently, the retail industry
is expected to be one of the major market driving forces for indoor location
market in the future.
Higher cost of indoor location platform
and lack of technical expertise restrict the growth of the market
high cost of installing indoor location as well as the complex deployment and
maintenance restrict the growth of the market. Also, there is lack of technical
expertise which creates intricacies in the implementation of such technology.
These factors hampers the growth of indoor location market.
Location Market: Component
Based on Component,
global Indoor Location Market is segmented into Technology, Software Tools and Services.
The services segment is the fastest growing segment in the indoor location
market. Services in the market play a crucial role in the efficient and
effective performance of the network infrastructure. The Indoor Location
software allows easy and efficient implementation of the Electronic Discovery
Reference Model (EDRM) model that includes identification, preservation,
collection, review,processing, production, and presentation of the significant
data during legal cases leading to reduced costs, time, and manual
Location Market: Deployment Mode
Based on Deployment
Mode, global Indoor Location Market is bifurcated into Cloud, On-Premise. The
adoption of cloud-based solutions on indoor location market is expected to
grow, mainly due to their benefits such as easy trade data maintenance,
cost-effectiveness, scalability, and effective management. In addition
advantages such as increased storage, scalability, flexibility, security,
portability, and compliance contributing with lucrative growth rate.
Especially, SMEs are adopting the cloud deployment type largely, due to its
cost-effectiveness and advanced results.
Location Market: Vertical
- On the basis of Vertical, the global Indoor
Location market is classified into Retail, Transportation, Entertainment,
Hospitality, Public Buildings, Others. The retail segment is expected to
dominate the market during the forecast period owing to numerous benefits such
as improved customer searches, effective route planning, and optimized customer
Location Market: Regional Insights
the global Indoor Location market is segmented into North America, Europe,
Asia-Pacific, Latin America & Middle East & Africa. The Asia Pacific is
expected to grow at a faster rate during the forecast period due to the rise in
penetration of indoor location based services, connected devices, and real-time
location system specially among the market in India and China.
Location Market: Competitive Landscape
The major market players in the Indoor
Location market are Apple, Broadcom, Cisco Systems, Ericsson, Geomoby, Google,
Micello, Microsoft, Qualcomm Technologies, Senion, Stmicroelectronics, Zebra
Technologies, HERE, Glopos Technologies, IndoorAtlas Ltd., Navizon Inc,
AeroScout Industrial, Hewlett Packard Enterprise Development LP, Sensewhere,
and Other Prominent Players. These vendors have adopted various startegies to
expand their offerings in the market.
Location Market: Recent Developments
February 2019, ZEBRA TECHNOLOGIES declared that they had completed acquisition
of Temptime Corporation, it is a privately-held developer and manufacturer of
temperature monitoring solutions for mission-critical applications in the
January 2018, Here Technologies publicized to acquire Micello. This acquisition
support HERE’s strategy to offer world-class mapping and advanced location
services both indoors as well as outdoors. In combination with HERE’s unique
tracking technologies, indoor maps will enable new and innovative market
solutions such as the tracking of parts on a factory floor.
Scope of the Report
Historical data – 2016-2019
Base Year – 2019
– 2020 – 2026
in USD Million/Billion
States, Canada, Germany, United Kingdom, France, Italy, Spain, Brazil,
Mexico, Argentina, Japan, China, India, Japan, South Korea, Saudi Arabia,
UAE, South Africa
By Deployment Mode, By Vertical, By Application and Region.
Broadcom, Cisco Systems, Ericsson, Geomoby, Google, Micello, Microsoft,
Qualcomm Technologies, Senion, Stmicroelectronics, Zebra Technologies, HERE,
Glopos Technologies, IndoorAtlas Ltd., Navizon Inc, AeroScout Industrial,
Hewlett Packard Enterprise Development LP, Sensewhere, and Other Prominent
Ø Software Tools
Ø Public Buildings
Ø Sales and Marketing Optimization
Ø Customer Experience Management
Ø Remote Monitoring
Ø Inventory Management
Ø Predictive Asset Analytics
Ø Risk Management
Ø Emergency Response Management
Ø North America
Ø Asia Pacific
Ø Latin America
Ø Middle East & Africa
The objective of the Study:
Ø To analyze and
forecast the global Indoor Location Market size of the market in terms of
Ø To examine the
careful market segmentation and forecast the market size, in terms of value,
based on the region by segmenting.
Ø The Global Indoor
Location Market segmented into five regions,
namely, North America, Europe, Asia Pacific, Latin America and Middle East
& Africa coupled with their leading countries.
Ø To outline, categorized,
and forecast the global Indoor Location Market based on the Component,
Deployment Mode, Vertical, Application, coupled with the region.
Ø To examine
competitive developments like technological advancement, services, and
regulative framework within the global Indoor Location Market.
Ø To highlight the
impact analysis of the factors affecting the market dynamics such as drivers,
restraints, opportunities, and challenges.
Ø To strategically
profile the key players and comprehensively analyze their market shares along
with detailing the competitive landscape for market leaders.