DUBLIN–(BUSINESS WIRE)–The “Indoor LBS Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.
The global indoor LBS market reached a value of US$ 8.09 Billion in 2020. Looking forward, the global indoor LBS market to exhibit strong growth during 2021-2026.
Indoor location-based services (LBS) refer to a technological solution that is used to track the location of an object or an individual inside an enclosed space. These solutions are confined to small geographical perimeters and operate through wireless networks, such as Wi-Fi, global positioning system (GPS), microelectronic mechanical system (MEMS) and wireless local area networks (WLAN).
They also provide customized information to smartphone users depending upon their location, including mapping and navigation, in-store product search, Bluetooth-assisted proximity services and mobile payments. They find extensive applications across various industries, including aerospace, defense, healthcare, retail, hospitality and transportation.
Rapid industrialization and urbanization across the globe are among the key factors driving the growth of the market. Significant infrastructure development and utilization of geospatial data in retail malls, recreational parks, educational institutes, commercial complexes and hospitals, are also providing a boost to the market growth.
Furthermore, the increasing penetration of connected devices, such as smartphones and tablets, along with the proliferation of social media platforms, is providing a boost to the market growth. These platforms aid marketers in conducting efficient geo-marketing by targeting potential customers through social check-ins and engaging with their audience by offering customized offers.
Additionally, the increasing utilization of 5G technology for LBS is acting as another growth-inducing factor. Indoor LBS provides enhanced assistance and security to the authorities for monitoring and tracking public activities.
Other factors, including the widespread utilization of cloud computing, artificial intelligence (AI) and big data tools for business process optimization and determining the most efficient plan layout for implementing lean manufacturing tools and processes, are projected to drive the market further.
Key Questions Answered in This Report:
How has the global indoor LBS market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global Indoor LBS market?
What is the breakup of the market based on the solution type?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the application?
What is the breakup of the market based on the vertical?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global indoor LBS market and who are the key players?
What is the degree of competition in the industry?
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being
Apple
Cisco Systems Inc.
GloPos Technologies
Google Inc.
IndoorAtlas Ltd
Micello Inc.
Microsoft Corporation
Navizon Inc.
Ruckus Wireless
YOOSE Pte. Ltd.
Breakup by Solution Type:
Analytics and Insights
Campaign Management
Enterprise Services
Location and Alerts
Maps
Proximity Beacons
Others
Automotive Services
Consumer Services
Location-based Advertising Services
Precision Geo-targeting
Secure Transactions and Redemptions
Others
Breakup by Technology:
Context Aware Technology
OTDOA and E-OTDOA
RFID and NFC
Satellite, Microwave and Infrared Sensing
Others (Wi-Fi/WLAN, UWB, BT/BLE, Beacons, A-GPS, etc.)
Breakup by Application:
Monitoring
Navigation
Tracking
Analytics
Others
Breakup by Vertical:
Retail
Transportation and Logistics
Media and Entertainment
Healthcare and Life Sciences
Government and Public Buildings
Aerospace and Defense
BFSI
Others
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
5 Global Indoor LBS Market
6 Market Breakup by Solution Type
7 Market Breakup by Technology
8 Market Breakup by Application
9 Market Breakup by Vertical
10 Market Breakup by Region
11 SWOT Analysis
12 Value Chain Analysis
13 Porters Five Forces Analysis
14 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/b3d8ui