Global Indoor Location Market to See Tremendous Growth through 2023, Predicts KBV Research in Its Topical Study Available at MarketPublishers.com29 Nov 2017 • by Natalie Aster
LONDON – Tracking objects used within an indoor environment are known as indoor location (a.k.a. indoor localization). Indoor positioning system (IPS) technology is able to track both humans and objects within a company with the use of acoustic signals or radio waves, which are gathered by special handheld devices like mobile phones.
Increasing popularity and adoption of connected devices along with rising demand for indoor location technology for enhancing the lean automation and robotics processes have given an impetus to the growth in the indoor location market at a global scale.
Witnessing a tremendous growth at a 42% CAGR during 2017-2023, the global market for indoor location is anticipated to cross USD 58 billion.
Leading participants active in the indoor location market comprise, amidst others, Apple, Cisco Systems, Broadcom Limited, Ericsson, Microsoft Corporation, Micello, Qualcomm Technologies, Google, Zebra Technologies, STMicroelectronics.
Topical research study “Global Indoor Location Market Analysis (2017-2023)” drawn up by KBV Research offers a 360-degree analysis of the worldwide market for indoor location, featuring the historical and current market performance and examining the market dynamics. This publication presents a profound overview of the major market growth hampering and fueling forces, canvasses top current and emerging trends, discusses the future growth challenges and opportunities. Besides, this report describes the competitive environment, profiles top players engaged in this sphere, provides a detailed analysis of the main market segments and evaluates their shares and growth rates. Furthermore, it gives access to reliable, updated statistics as well as include future forecast up to 2023.
A full list of the publisher’s research studies can be found at the KBV Research online page at MarketPublishers.com.