Indoor Location Market Worth $2.60 Billion by 2018
DALLAS, June 17, 2013 /PRNewswire/ –
The Report “Indoor Location Market [Indoor Positioning and Indoor Navigation (IPIN);
Indoor Mapping; Indoor LBS; Indoor Analytics; By Positioning Systems (Network-based,
Independent, Hybrid)]: Global Advancements, Market Forecasts and Analysis (2013 – 2018)”,
defines and segments the Global Market into various sub-segments with in-depth analysis
and forecasting of revenues. It also identifies drivers and restraints for this market
with insights into trends, opportunities, and challenges.
- 139 Market Data Tables - 50 Figures - 258 Pages and an in-depth Table of Contents on "Indoor Location Market"
Early buyers will receive 10% customization on this report.
The need for connectivity, access and navigation has fuelled research in this field.
Earlier, commercial positioning and navigation systems manifested as GPS devices, which
are robust for outdoor environments. The absence of satellite signals in indoor
environments clearly indicates the need for newer solutions that also provide enhanced
customer satisfaction, branding and marketing for the environment, apart from its
traditional use case for positioning and navigation.
Furthermore, Indoor Location impacts asset monitoring and automation at the enterprise
level. The technology is expected to bring in integration capabilities of analytical
software tools with the existing maps and navigation software; and such applications will
further enhance the growth of venues, while ensuring customer privacy and other regulatory
policies. MarketsandMarkets expects that the integration of indoor location application
with the existing venue’s basic network and applications will further enhance the growth
of venues, while ensuring customers’ privacy and other regulatory policies.
Report segments the Global Indoor Location Market
Type of Software Solutions:
- Indoor Maps and Navigation and - Indoor Location-Based Analytics
Type of Positioning Systems:
- Network-based Positioning - Independent Positioning and - Hybrid Positioning Systems
Type of Verticals:
- Offices and Commercial Buildings - Government, Public Safety And Urban Security - Healthcare - Travel and Hospitality - Aviation - Academia and Education - Oil, Gas and Mining - Manufacturing, Distribution and Logistics - Others
- North America (NA) - Asia Pacific (APAC) - Europe (EU) - Middle East and Africa (MEA) - Latin America (LA)
The Report also provides insights into the opportunity analysis of specific verticals
and business case analysis and roadmaps for the indoor location market.
The Major forces driving this Market are the increasing customer intimacy and
venue-based marketing strategies, poor performance of GPS in indoor environments and
government initiatives in developing positioning systems for public safety and urban
security segments. The increasing demand for location-based services and applications in
smartphones among users have given rise to the new business value chain, leading to
growing network deployments at venues for indoor location and Indoor Positioning and
Indoor Navigation (IPIN).
While the Indoor Location Market is growing at a slow pace, some of the venues have
already incubated indoor location solutions into their current network scenarios. Indoor
location providers look forward to gain better competitive advantage in this emerging
market, thereby creating customizable new location-based applications that facilitate
quicker customer adoption of the same.
The Global Indoor Location Market is estimated to grow from $448.6 million in 2013 to
$2.60 billion in 2018. This represents a Compound Annual Growth Rate (CAGR) of 42.1% from
2013 to 2018. In terms of regions, North America is expected to be the biggest market in
the near term, while the European region is expected to experience increased market
traction in the longer term.
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