Indoor Location Market Bwc20024
Global Indoor Location Market by Component (Technology, Software Tools, Services), By Deployment Mode (Cloud, On-Premise), By Vertical (Retail, Transportation, Entertainment, Hospitality, Public Buildings, Others), By Application (Sales and Marketing Optimization, Customer Experience Management, Remote Monitoring, Inventory Management, Predictive Asset Analytics, Risk Management, Emergency Response Management, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, And Middle East & Africa); Trend Analysis, Competitive Market Share & Forecast, 2016-2026
- Published Date: April 2020
- Report ID: BWC20024
- Available Format: PDF
- Page: 171
Report Overview
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 forecast period 2020-2026.Global Indoor Location Market Forecast and Trends
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 forecast 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 contribute the growth of the indoor location market.
Moreover, the trend of digitalization, innovative mobile applications, mobile commerce, and advancements in technology drives the growth of the indoor location market. Logistics & transportation, manufacturing, and smart building are significant sectors projected to experience this growth.
Global Indoor Location Market: Overview
An indoor location is a system used to locate people or objects inside a building with radio waves, acoustic signals, magnetic fields, and other sensory information collected through mobile devices. Indoor location is a tracking of any object present in indoor and is known as indoor localization. Indoor positioning system advanced technology is used to track objects that can locate items or humans situated in a company with radio waves or acoustic signals collected by handheld devices, including mobile phones and other devices.
Growth Drivers
The increasing scope of application for indoor location drives the market growth
Even though rising instances of the large scale indoor location system, most enterprises 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 the rollout for the large scale deployment of these indoor location services among several industry verticals. The sophistication of the connectivity and sensing technology in devices, the introduction of an open ecosystem allowing the organizations to build more flexible business models, and varied availability of the low-cost sensors and tags are factors that would drive growth in the coming years.
Increase in the number of internet-connected devices
Through development in positioning technologies, location positioning, and navigation capabilities have enhanced significantly in the past decade. Further, location-based services' rising popularity, 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 marketing strategies towards their loyal customers by implementing indoor location services to provide more exclusive offers. Subsequently, the retail industry is expected to be one of the major market driving forces for the future's indoor location market.
Restraint
The higher cost of indoor location platform and lack of technical expertise restrict the growth of the market
The high cost of installing indoor locations and complex deployment and maintenance restricts the growth of the market. Also, there is a lack of technical expertise, which creates intricacies in implementing such technology. These factors hamper the development of the indoor location market.
Global Indoor Location Market: Component
Based on Component, The 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 the software allows easy and efficient implementation of the Electronic Discovery Reference Model (EDRM) model. This model includes identification, preservation, collection, review, processing, production, and presentation of the essential data during legal cases leading to reduced costs, time, and manual intervention.
Global Indoor Location Market: Deployment Mode
Based on Deployment Mode, the global Indoor Location Market is bifurcated into Cloud, On-Premise. The adoption of cloud-based solutions on the indoor location market is expected to grow, mainly due to their benefits such as easy trade data maintenance, cost-effectiveness, scalability, and effective management besides advantages such as increased storage, scalability, flexibility, security, portability, and compliance contributing to the lucrative growth rate. Especially, SMEs are adopting the cloud deployment type mostly, due to its cost-effectiveness and advanced results.
Global Indoor Location Market: Vertical
- Based on Vertical, the global Indoor The 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 targeting.
Global Indoor Location Market: Regional Insights
Geographically, 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 especially among the market in India and China.
Global Indoor 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, Senior, 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 strategies to expand their offerings in the market.
Global Indoor Location Market: Recent Developments
Ø In February 2019, ZEBRA TECHNOLOGIES declared that they had completed the acquisition of Temptime Corporation, it is a privately-held developer and manufacturer of temperature monitoring solutions for mission-critical applications in the healthcare industry.
Ø In January 2018, Here Technologies publicized to acquire Micello. This acquisition support HERE’s a 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
Attribute |
Details |
Years Considered |
Historical data – 2016-2019 |
|
Base Year – 2019 |
|
Forecast – 2020 – 2026 |
Facts Covered |
Revenue in USD Million/Billion |
Market Coverage |
United States, Canada, Germany, United Kingdom, France, Italy, Spain, Brazil, Mexico, Argentina, Japan, China, India, Japan, South Korea, Saudi Arabia, UAE, South Africa |
Product/Service Segmentation |
By Component, By Deployment Mode, By Vertical, By Application and Region. |
Key Players |
Apple, Broadcom, Cisco Systems, Ericsson, Geomoby, Google, Micello, Microsoft, Qualcomm Technologies, Senior, STMicroelectronics, Zebra Technologies, HERE, Glopos Technologies, IndoorAtlas Ltd., Navizon Inc, AeroScout Industrial, Hewlett Packard Enterprise Development LP, Sensewhere, and Other Prominent Players. |
By Component
Ø Technology
Ø Software Tools
Ø Services
By Deployment Mode
Ø Cloud
Ø On-Premise
By Vertical
Ø Retail
Ø Transportation
Ø Entertainment
Ø Hospitality
Ø Public Buildings
Ø Others
By Application
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 Others
By Region:
Ø North America
Ø Europe
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 value.
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 the 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 the 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.
SCOPE
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Sources
2.2. Quantitative Research
2.2.1. Primary & Secondary Sources
2.3. Breakdown of Primary Research Respondents, By Region
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents
2.5. Market Size Estimation
2.6. Assumption For The Study
2.7. Market Breakdown & Data Triangulation
3. Executive Summary
4. Global Indoor Location Insights
4.1. DROC Analysis
4.1.1. Growth Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. Technological Landscape/Recent Developments
4.3. Regulatory Framework
4.4. Company Market Share Analysis,2019
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Intensity of Rivalry
5. Global Indoor Location Market Overview
5.1. Market Size & Forecast By Value, 2016-2026
5.1.1. By Value (USD Billion)
5.2. Market Share & Forecast
5.2.1. By Component
5.2.1.1. Technology
5.2.1.2. Software Tools
5.2.1.3. Services
5.2.2. By Deployment Mode
5.2.2.1. Cloud
5.2.2.2. On-Premise
5.2.3. By Vertical
5.2.3.1. Retail
5.2.3.2. Transportation
5.2.3.3. Entertainment
5.2.3.4. Hospitality
5.2.3.5. Public Buildings
5.2.3.6. Others
5.2.4. By Application
5.2.4.1. Sales and Marketing Optimization
5.2.4.2. Customer Experience Management
5.2.4.3. Remote Monitoring
5.2.4.4. Inventory Management
5.2.4.5. Predictive Asset Analytics
5.2.4.6. Risk Management
5.2.4.7. Emergency Response Management
5.2.4.8. Others
5.2.5. By Region
5.2.5.1. North America
5.2.5.2. Europe
5.2.5.3. Asia Pacific
5.2.5.4. Latin America
5.2.5.5. Middle East & Africa
6. North America Indoor Location Market
6.1. Market Size & Forecast By Value, 2016-2026
6.1.1. By Value (USD Billion)
6.2. Market Share & Forecast
6.2.1. By Component
6.2.2. By Deployment Mode
6.2.3. By Vertical
6.2.4. By Application
6.2.5. By Country
6.2.5.1. United States
6.2.5.2. Canada
7. Europe Indoor Location Market
7.1. Market Size & Forecast By Value, 2016-2026
7.1.1. By Value (USD Billion)
7.2. Market Share & Forecast
7.2.1. By Component
7.2.2. By Deployment Mode
7.2.3. By Vertical
7.2.4. By Application
7.2.5. By Country
7.2.5.1. Germany
7.2.5.2. United Kingdom
7.2.5.3. France
7.2.5.4. Italy
7.2.5.5. Spain
7.2.5.6. Rest of Europe
8. Asia Pacific Indoor Location Market
8.1. Market Size & Forecast By Value, 2016-2026
8.1.1. By Value (USD Billion)
8.2. Market Share & Forecast
8.2.1. By Component
8.2.2. By Deployment Mode
8.2.3. By Vertical
8.2.4. By Application
8.2.5. By Country
8.2.5.1. China
8.2.5.2. India
8.2.5.3. Japan
8.2.5.4. South Korea
8.2.5.5. Rest of Asia Pacific
9. Latin America Indoor Location Market
9.1. Market Size & Forecast By Value, 2016-2026
9.1.1. By Value (USD Billion)
9.2. Market Share & Forecast
9.2.1. By Component
9.2.2. By Deployment Mode
9.2.3. By Vertical
9.2.4. By Application
9.2.5. By Country
9.2.5.1. Brazil
9.2.5.2. Mexico
9.2.5.3. Argentina
9.2.5.4. Rest of Latin America
10.Middle East & Africa Indoor Location Market
10.1. Market Size & Forecast By Value, 2016-2026
10.1.1. By Value (USD Billion)
10.2. Market Share & Forecast
10.2.1. By Component
10.2.2. By Deployment Mode
10.2.3. By Vertical
10.2.4. By Application
10.2.5. By Country
10.2.5.1. Saudi Arabia
10.2.5.2. UAE
10.2.5.3. South Africa
10.2.5.4. Rest of Middle East and Africa
11.Company Profile (Company Overview, Financial Matrix, Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)*
11.1. Apple
11.2. Broadcom
11.3. Cisco Systems
11.4. Ericsson
11.5. Geomoby
11.6. Google
11.7. Micello
11.8. Microsoft
11.9. Qualcomm Technologies
11.10. Senion
11.11. Stmicroelectronics
11.12. Zebra Technologies
11.13. HERE
11.14. Glopos Technologies
11.15. IndoorAtlas Ltd.
11.16. Navizon Inc
11.17. AeroScout Industrial
11.18. Hewlett Packard Enterprise Development LP
11.19. Sensewhere
11.20. Other Prominent Players
*Financial Details will be captured as per data availability in case of unlisted companies.
**The user segmentation and the companies are subjected to modifications based on the in-depth secondary for the final deliverable.
Market Segmentation
By Component
Ø Technology
Ø Software Tools
Ø Services
By Deployment Mode
Ø Cloud
Ø On-Premise
By Vertical
Ø Retail
Ø Transportation
Ø Entertainment
Ø Hospitality
Ø Public Buildings
Ø Others
By Application
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 Others
By Region:
Ø North America
Ø Europe
Ø Asia Pacific
Ø Latin America
Ø Middle East & Africa
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