Exploring Indoor Location Market Opportunity, Latest Trends, Demand, and Development By 2030
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.
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.
Key Findings of the Study: Indoor Location Market
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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Scope of the Report and Indoor Location Market Segmentation
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
- Indoor location systems are widely used in the Transportation & Logistics and Travel & Hospitality sectors. Thus, both segments hold a substantial market share over the past few years.
By Organization Size
-Large
-Mid-Size & Small
Top leading companies in the Indoor Location Market includes:
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
Indoor Location Market Development
- March 2024: A global leader in real-time location services (RTLS), Arista declared that it was recognized as a “Leader” in the 2024 Magic Quadrant for Indoor Location Services by Gartner Inc. The company is devoted to increasing the value of RTLS investments by empowering customer workflows with location insights.
- January 2023: Apple Business Connect was introduced by Apple. A new tool, Apple Business Connect was gained by Apple Maps: It will now allow business owners to update and manage their information on the platform.
For more detailed information about the Indoor Location market report, click here – https://www.marknteladvisors.com/research-library/global-indoor-location-market.html
Geographical analysis:
North America: USA, Canada, Mexico
Europe: Germany, UK, France, Italy, Spain
Asia-Pacific: China, India, Japan, South Korea, Australia and Others
South America: Brazil
Middle East & Africa: UAE, Saudi Arabia, South Africa
- North America is estimated to acquire the largest share of the Indoor Location Market during 2024-30.
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