Indoor Location Market worth $4,424.1 Million by 2019, Says the New Study on ASDReports

Friday 14 November 2014, Amsterdam

The new report on ASDReports, defines and segments the indoor location market into various sub-segments with an in-depth analysis and forecasting of revenues. The report also identifies the factors driving this market, various restraints, and opportunities impacting it along with global adoption trends, future growth potential, competitive outlook, and the best practices in this market.

The pressing needs from the end customers for location based services are playing the major role in defining the future of the indoor location market. The advent of hybrid positioning systems, location based analytics and real time tracking and navigation solutions are the products of huge demand for indoor location based products. Companies are putting sincere efforts in building customer specific products. Major players in this market are Apple, Broadcom,Cisco,Ericsson,Google, Nokia,Microsoft, Motorola,Qualcomm and STMicroelectronics.

The report 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).

The major forces driving this market are the increasing customer intimacy, unreliable GPS technologies in indoor locations improved public safety by indoor positioning. Also, lean automation, lean robotics and increasing building sizes have givenrise to the new business scenarios in this market. Indoor location providers look forward to gain better competitive advantage in this emerging market, thereby creating customizable new location-based applications that facilitate quicker customer adoption of the same.

The report estimates that the global indoor location market is estimated to be $935.05 million in 2014 and is expected to grow to $4,424.1 million by 2019. This represents an estimated Compound Annual Growth Rate (CAGR) of 36.5% from 2014 to 2019. In the current scenario, retail vertical continues to be the largest market segment for indoor location solutions amongst verticals. North America is expected to be the biggest market in terms of revenue contribution, while the Asia Pacificregionis expected to experience increased market traction, in the due course.