The global Indoor location market size is estimated to grow from USD 7.0 billion in 2021 to USD 19.7 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 22.9% during the forecast period.
Various factors such as the proliferation of smartphones, connected devices, and location-based applications among customers, increased number of applications powered by beacons and BLE tags, and the growing integration of beacons in cameras, LED lightings, PoS devices, and digital signage are driving the adoption of the indoor location and services market across the globe.
The pandemic has affected the indoor location market, but companies are still leveraging indoor location solutions and hardware for facility management, virus tracking, people tracking and management, and smart quarantining. Governments and private companies across verticals are adopting indoor location solutions to keep citizens indoors and to track them.
For instance, Inpixon is offering its location-based technology applications and services without additional costs or at reduced rates (depending on the solution) to healthcare providers and other organizations that are looking for solutions to assist in controlling the spread of the COVID-19 or in managing the impact of the pandemic to ensure the safety and well-being of citizens.
Quarantine and other enforced measures are intended to save lives by containing the spread of the virus. Once these restrictions are lifted, the pressure to restart business operations will increase. This, in turn, would bring along the risk of COVID-19-positive employees introducing the virus to the workplace, thus increasing the risk of infecting the workforce, endangering lives, and placing businesses under quarantine again.
Vendors, coming to the rescue in such situations, are projected to offer smart quarantine solutions consulting to businesses.
The on-premises segment to have the larger market size during the forecast period
By deployment mode, the Indoor location market has been segmented into on-premises and cloud. The market size of the on-premises deployment mode is estimated to be larger during the forecast period due to the highly secure data encryption, complete data visibility, and control features are key factors encouraging the adoption of on-premises-based indoor location software.
Highly secure data encryption and complete data visibility and control feature boost the adoption of on-premises-based indoor location solutions across verticals, such as retail, transportation and logistics, media, and government, and public offices to have better customer and employee data security.
The SMEs segment to hold higher CAGR during the forecast period
The Indoor location market has been segmented by organization size into large enterprises and SMEs. The SMEs segment is projected to register a higher CAGR during the forecast period due to the growing need to enhance business processes, reach new customers, and stay competitive and control their spending.
Verticals focusing on adopting technologically advanced solutions and processes would drive the adoption of indoor location solutions and services among SMEs.
Among regions, APAC to hold higher CAGR during the forecast period
APAC is expected to grow at a good pace during the forecast period. The APAC region is expected to be the fastest-growing region in the indoor location market. This growth can be attributed to the increasing demand for indoor positioning technologies across manufacturing, retail, and transportation and logistics verticals across APAC countries (China, Japan, and India).
The adoption of indoor location solutions is increasing rapidly due to its indoor tracking ability of asset and people. The indoor location market is expected to witness a huge growth in the coming years due to improved technologies, such as ultra-wide band, ultrasound, BLE, and Wi-Fi that help organizations easily provide navigation and tracking ability with better security and safety.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Market Opportunities In the Indoor Location Market 4.2 Market: Top Three Applications 4.3 Market: By Region 4.4 Market In North America, by Component and Application
5 Market Overview and Industry Trends 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 220.127.116.11 Proliferation of smartphones, connected devices, and location-based applications among customers 18.104.22.168 Increased number of applications powered by beacons and BLE tags 22.214.171.124 Growing integration of beacons in cameras, Led lightings, PoS devices, and digital signage 126.96.36.199 Inefficiency of the GPS in an indoor environment 5.2.2 Restraints 188.8.131.52 Concerns related to data security and privacy obstruct the adoption of indoor location 184.108.40.206 Stringent government rules and regulations 220.127.116.11 High installation and maintenance costs 5.2.3 Opportunities 18.104.22.168 Increasing demand for RFID tags across the retail industry 22.214.171.124 Growing need for contact-tracing solutions due to COVID-19 pandemic 126.96.36.199 Growing demand for indoor location technologies to support lean automation and robotic processes 188.8.131.52 Focus on Industry 4.0 smart cities and smart manufacturing 5.2.4 Challenges 184.108.40.206 Lack of skills and awareness related to indoor location technologies 220.127.116.11 Dearth of uniform standards and interoperability coupled with system incompatibility 5.2.5 Cumulative Growth Analysis 5.3 Indoor Location: Architecture 5.4 Indoor Location Market: Ecosystem 5.5 Case Study Analysis 5.6 Indoor Location Market: COVID-19 Impact 5.7 COVID-19 Developments 5.8 Regulatory Compliances 5.9 Technology Analysis: Indoor Location Market 5.10 Supply Chain Analysis 5.11 Patent Analysis 5.12 Pricing Model Analysis 5.13 Porter's Five forces Analysis
6 Indoor Location Market, by Component 6.1 Introduction 6.1.1 Components: COVID-19 Impact 6.2 Hardware 6.2.1 Rise In Demand for BLE, Sensors, and Wi-Fi Technologies To Accurately Determine the Location To Boost the Growth of Hardware 6.3 Solutions 6.3.1 Indoor Location Solutions Are Growing At A Rapid Pace Globally To Enhance the Navigation and Tracking Ability Within the Building 6.3.2 Indoor Tracking 18.104.22.168 Asset and people tracking 22.214.171.124 Indoor location analytics 6.3.3 Indoor Navigation 6.3.4 Database Management System 6.4 Services 6.4.1 Adoption of Indoor Location Solutions and Technologies Used Are Growing the Services Segment 6.4.2 Managed Services 6.4.3 Professional Services 126.96.36.199 Training and consulting 188.8.131.52 Support and maintenance 184.108.40.206 System integration and implementation
7 Indoor Location Market, by Organization Size 7.1 Introduction 7.1.1 Organization Size: COVID-19 Impact 7.2 Large Enterprises 7.2.1 Adoption of Indoor Location Is On the Rise Among Large Enterprises To Provide Better Navigation and Tracking Ability 7.3 Small and Medium-Sized Enterprises 7.3.1 Adoption of New Technologies To Fix Issues for Enhancing Business Processes To Boost the Demand for Indoor Location Among SMEs
8 Indoor Location Market, by Technology 8.1 Introduction 8.1.1 Technologies: COVID-19 Impact 8.2 Bluetooth Low Energy 8.2.1 BLE Technology To Witness Significant Growth In the Market During the forecast Period 8.3 Ultra-Wideband 8.3.1 Ultra-Wideband Is A Popular Technology In the Market, Especially for High-Precision Applications 8.4 Wi-Fi 8.4.1 High Compatibility, Ease of Installation, and Easy Availability Makes Wi-Fi Widely Used In the Indoor Location Market 8.5 Radio-Frequency Identification 8.5.1 Growing Need for Asset/Personal Tracking Solutions Across Diverse Industries To Boost the Demand for RFID Technologies In the Market 8.6 Magnetic Positioning 8.6.1 Rising Adoption of Smartphones To Detect and Respond To Magnetic Field Variations In Indoor Environments To Drive Its Growth Rate 8.7 Other Technologies
9 Indoor Location Market, by Deployment Mode 9.1 Introduction 9.1.1 Deployment Modes: COVID-19 Impact 9.2 On-Premises 9.2.1 Reduction of Security Risks of Managing Location-Based Data On-Premises To Drive the Adoption of Indoor Location 9.3 Cloud 9.3.1 Cloud-Based Solution Features To Boost the Adoption of the Cloud-Based Indoor Location Software
10 Indoor Location Market, by Application 10.1 Introduction 10.1.1 Applications: COVID-19 Impact 10.2 Emergency Response Management 10.2.1 Adoption of Various Indoor Location Solutions and Technologies, Such As BLE and Wi-Fi, Play A Vital Role In Coordinating Crisis Response Between Services and Emergency Departments 10.3 Sales and Marketing Optimization 10.3.1 Indoor Location Provides User Information and User Experience From the Sales and Marketing Application by Understanding the Customer Behavior 10.4 Remote Monitoring 10.4.1 Indoor Location Provides the Remote Monitoring Application To Improve the Overall System Performance 10.5 Predictive Asset Maintenance 10.5.1 Indoor Location Is Used To Optimize Asset Management and Reduce Wastage of Time In Searching for Equipment and Goods 10.6 Supply Chain Management 10.6.1 Indoor Location Is Used To Improve the Performance of Order Picking and Stock-Taking Process In Warehouse Management With High Accuracy 10.7 Inventory Management 10.7.1 Indoor Location Is Used To Improve the Performance of Order Picking and Stock-Taking Process In Warehouse Management With High Accuracy 10.8 Other Applications
11 Indoor Location Market, by Vertical 11.1 Introduction 11.1.1 Verticals: COVID-19 Impact 11.2 Retail 11.2.1 Indoor Location Used To Boost Sales, Revenues, and Customer Experience Across the Retail Industry 11.3 Travel and Hospitality 11.3.1 Adoption of Indoor Location Solutions To Enhance Travel Experience and Increase the Company Revenue and Growth 11.4 Media and Entertainment 11.4.1 Technologies, Such As Wi-Fi and BLE, Support Vendors To Increase Operational Profitability In the Media and Entertainment Industry 11.5 Transportation and Logistics 11.5.1 Adoption of Indoor Location Solutions Is On the Rise To Manage Inventory Effectively, Save Costs On Audits, and Track Missing Equipment 11.6 Government and Public Sector 11.6.1 Adoption of Indoor Location Is Booming To Easily Track Floor and Meeting Room Availability With the Concern of Data Security and Safety On Priority 11.7 Manufacturing 11.7.1 Indoor Location Solutions Are Implemented To Track and Locate Equipment, Components, and Other Assets Across the Manufacturing Vertical 11.8 Healthcare and Pharmaceuticals 11.8.1 Growing Complexities In the Healthcare Vertical To Generate Real-Time Patients and Equipment Location To Drive the Adoption of Indoor Location Solutions In the Healthcare Industry 11.9 Other Verticals