The global indoor location market is anticipated to grow at a considerable CAGR of 18.2% during the forecast period (2021-2027). The market players are contributing significantly to the market growth by adopting various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, Google and Apple had collaborated in April 2020, to enable the usage of Bluetooth technology by the government and healthcare agencies to reduce the spread of COVID-19. This had enabled a broader Bluetooth-based contact tracing platform.
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Similarly, Quuppa had partnered with Favendo in March 2020, one of the leading RTLS providers in Germany, Austria, and Switzerland. This partnership would enable Favendo customers to choose their RTLS platform commander, the Quuppa intelligent locating system or a custom-fit hybrid solution that ideally combines the strengths of both systems, depending on the application and requirement. Such kinds of developments across the market are anticipated to fuel the growth of the global indoor location market during the forecast period.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Component
o By Application
o By End-User Industry
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Apple, Inc., Cisco Systems, Inc., Google, Inc., Qualcomm Technologies, Inc., and Microsoft Corp. among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Indoor Location Market Report Segment
By Component
- Solution
- Services
By Application
- Indoor Navigation & Maps
- Tracking & Tracing Application
- Monitoring & Emergency Management
- Others
By Industry
- Retail
- Transportation & Logistics
- Healthcare
- Oil, Gas & Mining
- IT & Media
- Manufacturing
- Government (including Public Utilities & Public Safety & Security)
- Others (including BFSI, education, automotive, construction & buildings, and utilities)
This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.
