Drivers and Trends Benefits Indoor Location Market to Grow at 23.19% CAGR, projected to Reach USD 11.19 billion in 2024

Market Insights

As per recent research by MarkNtel Advisors, The Global Indoor Location Market size was valued at USD 11.19 billion in 2024 & is projected to reach USD 39.11 billion by 2030. The market is also estimated to grow at a CAGR of around 23.19% during the forecast period, i.e., 2024-30.

Global Indoor Location Market Driver:

Rising Penetration of Smartphones & Connected Devices – With the rising usage of smartphones & changing consumer buying behaviors, companies are trying to provide location-based applications to engage their customers in indoor spaces. By offering navigation for products, indoor positioning helps retailers improve the overall customer experience, thus making it popular among retailers. Furthermore, rapid advancements in smartphones are also instigating the usage of indoor location systems, which might reduce the need for satellite-based navigation applications in closed urban situations, thus eventually driving the demand graph of the Indoor Location Market.

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Market Segmentation and Consumer Behavior:

By Component

Hardware
Solutions
- Indoor Tracking
  - Asset & People Tracking
  - Indoor Location Analytics
- Indoor Navigation
Services
- Managed Services
- Professional Services
  - Deployment & Integration
  - Consulting
  - Maintenance & Upgrade

By Deployment Mode

On Premises
Cloud

By Connectivity

Bluetooth
WiFi
Ultra Wideband Technology
Others

By Application

Emergency Management
Sales & Marketing Optimization
Remote Monitoring
Predictive Asset Maintenance
Supply Chain Management
Others

By Vertical

Retail
Transportation & Logistics
Entertainment
Manufacturing
Healthcare
Travel & Hospitality
Others

By Organization Size

Large
Mid-Size & Small

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Indoor Location Market Geographical Analysis:

By Region:

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

Key Players and Competitive Strategies in the Indoor Location Market

Several prominent players dominate the Indoor Location Market, including:

Zebra Technologies
Inpixon
HPE
MIST Systems
HID Global
Google
Microsoft
Apple
Cisco
Acuity Brands
Centrak
Sonitor
Ubisense
Infsoft
HERE
Indooratlas
Stanley Healthcare
Midmark
Quuppa
Airista Flow
Innerspace
ESRI
SYOOK

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Questions Addressed in this Study

1.What factors are driving the Indoor Location Market growth?

2.How is the Indoor Location Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Indoor Location Market?

4.What is the current size of the Indoor Location Market, and how is it projected to change in the future?

5.What is the future outlook for the Indoor Location Market in terms of technological advancements and market expansion?

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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.