The report forecasts the global indoor location-based services (LBS) market to grow at a CAGR of 43.44% during the period 2016-2020.
One of the recent trends in indoor LBS is 3D navigation using motion sensors. The technology gathers data from inertial sensors such as accelerometers that are found in smartphones and provides a 3D navigation system. This navigation technology does not require any infrastructure. In 2014, Google announced its 3D sensors project, Project Tango. It allows 3D scanning for computer vision and navigation and mapping.
According to the report, increased adoption of LANs will be a key driver for market growth. The number of deployments of local area networks (LANs) and home area networks such as Wi-Fi and WLAN has been increasing globally. This is because of the availability of high-speed mobile broadband networks and decreasing deployment costs. In addition, most of the business organizations and university campuses are adopting virtual private networks (VPNs) for their data security and providing a seamless connection to their employees and students. The adoption of VPNs by business organizations and universities enables them to provide indoor LBS on their premises. Further, most of the airport authorities in regions such as the US and Singapore are using indoor LBS to track and monitor assets used in the airport. In addition, airport authorities use indoor LBS to offer location search, advertising, providing updates on flight position and scheduled flights, and airport floor layout tracking, thereby helping them to offer better customer service.
Further, the report states that low user acceptance due to privacy and security concerns is one of the major challenges for the indoor LBS market.
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/d7swdl/global_indoor_lbs
Research and Markets
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SOURCE Research and Markets