The indoor location market is projected to grow from USD 6.1 billion in 2020 to USD 17 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 22.5% during the forecast period.
The major factors driving the growth of the indoor location market are the increased number of applications powered by beacons and Bluetooth Low Energy (BLE) tags and growing integration of beacons in cameras; and Light Emitting Diode (LED) lighting, Point of Sales (PoS), and digital signage. The proliferation of smartphone-connected devices and location-based applications is also expected to drive market growth.
Services segment to grow at the highest CAGR during the forecast period
The indoor location market, by component, is segmented into hardware, solutions, and services. The services segment is expected to grow at a rapid pace during the forecast period. The services considered in the report are managed and professional services. The growth of this segment can be attributed to the increasing adoption of indoor location software and services, which leads to the increasing demand for pre- and post-deployment services.
Transportation and logistics vertical to grow at the highest CAGR during the forecast period
The indoor location market by vertical is segmented into eight categories: transportation and logistics, travel and hospitality, entertainment, retail, government and public sectors, manufacturing, healthcare, and others (education, Banking, Financial Services, and Insurance [BFSI], and energy and utilities). The transportation and logistics vertical is expected to grow at the highest CAGR during the forecast period. The growth can be attributed to the need to provide mobile support for travelers at railway stations and airports to guide them to the right to locate stores and restaurants at airports and railway stations. Indoor location solution adoption helps the transportation industry to understand customer behavior and offer valuable information that could assist in building enhanced advertising campaigns, optimizing services, and selecting the right locations.
Additionally, the adoption of indoor location solutions allows the transportation vertical to manage inventory effectively, save costs on audits, and track missing equipment. The success of the transportation and logistics vertical depends on complex and frequent capital-intensive processes and operations. The logistics vertical is facing a challenge in terms of tracking asset locations in the warehouses. The need to track and identify asset locations to reduce wastage of time in asset location management to lead to the adoption of indoor location solutions across the logistics vertical. With the help of a location analytics solution, a firm can organize and understand all complex plans, enabling it to gain insights quickly and communicate with them effectively.
Asia Pacific to grow at the highest CAGR during the forecast period
Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. The region is expected to record the highest growth rate during the forecast period, as the logistics vertical is expected to grow at a faster rate and are needed to enhance its supply chain process, which would drive the adoption of indoor location solutions and services in APAC region. APAC constitutes major countries, including China, India, Japan, and the rest of APAC region, which are increasingly contributing toward the adoption of BLE and UWB technologies in the indoor location market. Verticals such as transportation and logistics, entertainment, travel and hospitality, retail, government, and public offices, manufacturing, and healthcare are leading the race in terms of the cloud adoption in the APAC region.
The report includes the study of the key players offering indoor location hardware, solutions, and services. It profiles major vendors in the global indoor location market. The major vendors include Zebra Technologies (US), Inpixon (US), Mist Systems (US), HID Global (US), Google (US), Microsoft (US), Apple (US), Cisco (US), HPE (US), Acuity Brands (US), Centrak (US), Sonitor (Norway), Ubisense (UK), infsoft (Germany), HERE (US), IndoorAtlas (Finland), STANLEY Healthcare (US), Midmark (US), Quuppa (Finland), AiRISTA Flow (US), InnerSpace (Canada), Esri (US), and Syook (India). It also includes an in-depth competitive analysis of the key players in the indoor location market, along with their company profiles, business overviews, product offerings, recent developments, and market strategies.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Market Opportunities in the Indoor Location Market 4.2 Indoor Location Market: top 3 Applications 4.3 Indoor Location Market: by Region 4.4 North America Indoor Location Market, by Component and Technology
5 Market Overview and Industry Trends 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 126.96.36.199 Increased Number of Applications Powered by Beacons and BLE Tags 188.8.131.52 Growing Integration of Beacons in Cameras, LED Lightings, POS Devices, and Digital Signage 184.108.40.206 Proliferation of Smartphones, Connected Devices, and Location-Based Applications Among Customers 220.127.116.11 Inefficiency of the GPS in an Indoor Environment 5.2.2 Restraints 18.104.22.168 Data and Security Concerns 22.214.171.124 Stringent Government Rules and Regulations 5.2.3 Opportunities 126.96.36.199 Increasing Demand for RFID Tags Across the Retail Industry 188.8.131.52 Growing Demand for Indoor Location Technologies to Support Lean Automation and Robotic Processes 184.108.40.206 Focus on Industry 4.0 Smart Cities and Smart Manufacturing 5.2.4 Challenges 220.127.116.11 Lack of Skills and Awareness About Indoor Location Technologies 5.3 Case Studies 5.3.1 A Leading Automotive Manufacturer Adopted Syook Insite Solution to Optimize Truck Turn Around Time 5.3.2 Ericsson Collaborated With Senion to Enhance Workplace for the Benefits of Ericsson Employees 5.3.3 Tawar Mall in Doha, Qatar to Adopted Proximi'S Indoor Positioning Technology 5.3.4 Kari Adopted Zebra Technologies' Indoor Location Solution to Manage Inventory and Online Orders 5.3.5 BMW Car Assembly Plant in Regensburg, Germany Adopted Ubisense Industrial tool Control System 5.3.6 Boston Scientific Deployed Spreo Compass Connect App to Navigate Around the Vast Boston Scientific Campuses 5.3.7 Transports Publics Fribourgeois (TPF) Adopted Ubisense Rtls Solution 5.4 Value Chain Analysis 5.5 Regulatory Compliances 5.5.1 General Data Protection Regulation 5.5.2 Open Geospatial Consortium 5.5.3 World Wide Web Consortium 5.5.4 Health Insurance Portability and Accountability Act of 19 5.6 Indoor Location: System Architecture 5.7 Future Outlook 5.7.1 Indoor Location and IoT Technology 5.7.2 Indoor Location and Machine Learning Technology 5.7.3 Indoor Location and Blockchain Technology 5.7.4 Indoor Location and 5G Technology
9 Indoor Location Market, by Organization Size 9.1 Introduction 9.2 Large Enterprises 9.3 Small and Medium-Sized Enterprises
10 Indoor Location Market, by Technology 10.1 Introduction 10.2 Bluetooth Low Energy 10.3 Ultra-Wideband Technology 10.4 Wi-Fi 10.5 Others
11 Indoor Location Market, by Application 11.1 Introduction 11.2 Emergency Management 11.3 Sales and Marketing Optimization 11.4 Remote Monitoring 11.5 Predictive Asset Maintenance 11.6 Supply Chain Management 11.7 Other Applications
12 Indoor Location Market, by Vertical 12.1 Introduction 12.2 Retail 12.3 Travel and Hospitality 12.4 Entertainment 12.5 Transportation and Logistics 12.6 Government and Public Sector 12.7 Manufacturing 12.8 Healthcare 12.9 Other Verticals
13 Indoor Location Market, by Region 13.1 Introduction 13.2 North America 13.2.1 United States 13.2.2 Canada 13.3 Europe 13.3.1 United Kingdom 13.3.2 Germany 13.3.3 France 13.3.4 Rest of Europe 13.4 Asia Pacific 13.4.1 China 13.4.2 Japan 13.4.3 India 13.4.4 Rest of Asia Pacific 13.5 Middle East and Africa 13.5.1 Kingdom of Saudi Arabia 13.5.2 United Arab Emirates 13.5.3 South Africa 13.5.4 Rest of Middle East and Africa 13.6 Latin America 13.6.1 Brazil 13.6.2 Mexico 13.6.3 Rest of Latin America
14 Competitive Landscape 14.1 Key Market Developments 14.1.1 New Product Launches and Product Enhancements 14.1.2 Business Expansions 14.1.3 Mergers and Acquisitions 14.1.4 Partnerships, Agreements, Contracts, and Collaborations
15 Company Evaluation Matrix and Company Profiles 15.1 Introduction 15.2 Company Evaluation Matrix Definition and Methodology 15.2.1 Market Ranking of Key Players in the Indoor Location Market 15.2.2 Visionary Leaders 15.2.3 Innovators 15.2.4 Dynamic Differentiators 15.2.5 Emerging Companies 15.3 Company Evaluation Matrix, 2020 15.4 Company Profiles 15.4.1 Zebra Technologies 15.4.2 Inpixon 15.4.3 HPE 15.4.4 Mist Systems 15.4.5 HID Global 15.4.6 Google 15.4.7 Microsoft 15.4.8 Apple 15.4.9 Cisco 15.4.10 Acuity Brands 15.4.11 Centrak 15.4.12 Sonitor 15.4.13 Ubisense 15.4.14 Infsoft 15.4.15 Here 15.4.16 Indooratlas 15.4.17 Stanley Healthcare 15.4.18 Midmark 15.4.19 Quuppa 15.4.20 Airista Flow 15.4.21 Innerspace 15.4.22 Esri 15.4.23 Syook 15.4.24 Right-to-Win