The North American IPIN market is estimated to grow at an impressive rate of 28.6% during the forecast period. The US and Canada are the major economies of North America. The region has well-developed ICT infrastructure and has witnessed huge adoption of a large number of connected devices. The presence of major players in North America, which include IBM Corp., Google LLC, Apple Inc., and Microsoft Corp. further gives a boost to the growth of the market in the region. Moreover, high internet penetration is one of the factors that is augmenting market growth in North America. According to the ITU database in 2018, around 69.6 individuals using the internet per 100 inhabitants in North America encourage the adoption of connected devices in the region, which in turn, spur the growth of the market.
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The North American IPIN market is segmented on the basis of product, type, and application. Based on the type, the market is bifurcated into indoor location-based analytics and indoor navigations & maps. Based on technology, the market is further segmented into Bluetooth, Wi-Fi, Ultra-Wideband Technology, and Others. During the forecast period, the market of Bluetooth in IPIN systems is estimated to have a major market share at the highest CAGR due to the significant adoption of the beacon technology in IPIN systems. Further, on the basis of application, the market is segmented into healthcare retail, manufacturing, energy and utilities, and others.
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North American IPIN Market Segmentation
By Type
· Indoor Navigation & Maps
· Indoor Analytics
By Technology
· Bluetooth
· Wi-Fi
· Ultra-Wideband Technology
· Others (Magnetic Positioning)
By Application
· Healthcare
· Retail
· Manufacturing
· Energy and Utilities
· Others (Transportation)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
