LONDON, Nov. 26, 2014 /PRNewswire/ -- In recent years, there has been a substantial demand for indoor positioning and navigation equipment in the marketplace across verticals. The demand is surging in those industries that were early indoor location adopters. With potential opportunities in emerging verticals, there is a good investment that is being done in the indoor location research, development, and innovation by the majority of the market players.
Absence of satellite signals inside the indoor spaces clearly indicated the need for indoor technologies. Hence, indoor location devices came into existence. The device manufacturers and other members in the ecosystem made tremendous efforts to build a culmination point for the proximity electronics, surveying systems, and the informatics. They still strive to bring greater possibilities in the indoor location system.
The indoor location technologies are built around the Global Positioning System (GPS) technologies, with the main difference of their utility in navigating indoor spaces, such as malls, megastores, offices, airports, casinos, amongst others. The methods and techniques used in the accurate mapping and navigation require no complex infrastructure. Thus, the implementation becomes hassle free. MarketsandMarkets believes that there are multiple factors that are shaping the future of the indoor location market. One of them is the increasing number of applications that are addressing the expressed market need. Secondly, the need to deploy cost control measures is being fulfilled by the indoor location apps. Even though the adoption of this technology is relatively slow due to indoor environment challenges and performance requirements, these solutions are expected to grow steadily and shall have a pervasive existence across all the major verticals. Improved customer experience, on a real-time basis, will be the major 'pull' factor.
MarketsandMarkets has segmented the global indoor location market by type of solution: tag-based, rf-based, sensor-based and others; by type of application: indoor maps and navigation, indoor location-based analytics, tracking & tracing, monitoring & emergency management; by type of service: consulting, managed services, system integration and others; by type of verticals: academia & education, BFSI, government, public safety & urban security, healthcare, retail, media & advertising, manufacturing, distribution & logistics, oil, gas & mining and tourism & hospitality; by regions: North America (NA), Asia Pacific (APAC), Europe(EU), Middle East and Africa (MEA), and Latin America(LA).
Some of the major vendors of indoor location are Apple Inc., Google, Microsoft, Broadcom, and Cisco. Many small innovative companies have also surfaced and are forthcoming as the solution providers for the indoor location market. The indoor location research report analyzes global adoption trends, drivers, and evolving platforms in this rapidly emerging market. The report aims at identifying and evaluating the current market size and the future market opportunities.
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