Indoor Location-based Services Market Scope
Location-based services help determine the geographical area of a device by means of the program installed on the said gadget. Location-based services are critical to a few businesses as well as government organizations to drive real insight from information tied to a particular area where certain activities take place. Fast development in digital infrastructure is one of the major factors fuelling the growth of the location-based services market. Vendors are expanding efforts to provide indoor area insights to high-value industries such as healthcare, budgetary education, commercial office buildings, and the likes. Thus, indoor location-based services are helping to contain the spread of the novel coronavirus. Since various industry partners are preparing to welcome back employees, careful monitoring and contact tracing of individuals has become crucial. Innovative services such as contact tracing, reporting, and real-time social distancing monitoring are creating revenue opportunity.
The Indoor Location-based Services market study is segmented by Type (Analytics and Insights, Automotive Services, Campaign Management, Consumer Services, Enterprise Services, Location and Alerts, Location-based Advertising Services, Maps, Precision Geo-targeting, Proximity Beacons and Secure Transactions and Redemptions), by Application (Monitoring, Navigation, Proximity, Tracking and Others) and major geographies with country level break-up.
There are various companies that are exploring the market opportunities by investing in the new treatment and also expanding their footprints in new geographic regions by adopting various strategic initiatives such as mergers & acquisitions, expansions, investments, new product launches, and others. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Indoor Location-based Services market throughout the predicted period.
Apple (United States), Cisco Systems (United States), GloPos (United Arab Emirates), Google (United States), HERE (Netherlands), iinside (United States), IndoorAtlas (Finland), Micello (United States), Microsoft (United States) and Qualcomm Technologies (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Ruckus Wireless (United States), Shopkick (United States) and Sprooki (Singapore).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market of Global Indoor Location-based Services market by Type, Application and Region.
On the basis of geography, the market of Indoor Location-based Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In June 2019, Apple launched an entirely new feature for indoor navigation services, which is accessible in 279 major cities around the world, mainly within the U.S., the U.K., Spain, and Australia for mapping buildings from the interior
- Increasing adoption of data analytics in the retail sector
- Inefficiency of the GPS technology in indoor premises
- Innovative services such as contact tracing, reporting, and real-time social distancing monitoring
- Expensive infrastructure cost
- Privacy and Security Concern
Key Target AudienceVenture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Government Regulatory and Research Organizations, End-Use Industries and Others