According to a recent research report titled ‘Global Indoor Location Market Analysis, 2020’, available with Market Study Report, global indoor location market is set to register a hefty CAGR of 36% during the forecast period 2020-2025.
 

Industry experts cite that surging demand for connected devices to monitor pressure, humidity, heat, and air pollution is fostering global indoor location market growth. Moreover, increasing adoption of indoor technology across various verticals such as healthcare and manufacturing to enhance automation and robotics processes has accelerated the industry expansion.
 

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Further, growing investments in IT infrastructure development, and rising inclination toward deployment of sensors and tag-based technology are expected to propel the industry growth in the forthcoming years.
 

Based on vertical, global indoor location market is fragmented into retail, entertainment, transportation & logistics, manufacturing, travel & hospitality, healthcare, and others. Among these, transportation & logistics segment is witnessing a strong growth, driven by factors such as rising adoption of indoor location solutions in transportation sector for optimizing services, and increasing demand for mobile support among travelers for navigational purposes. Further, growing necessity to improve time efficiency in asset location management in driving encouraging the use of indoor location technology in logistics.
 

The other segments covered in the global indoor location market report are component, deployment mode, connectivity, application, and geographical landscape.
 

Based on component, the industry is divided into hardware, solutions (indoor tracking, indoor navigation), and services (managed services, professional services). Considering the deployment mode, the market is split into cloud and on premises. Speaking of connectivity, Bluetooth, ultra-wideband technology, and WiFi the key segments among others. Moving on, the application segmentation comprises emergency management, remote monitoring, sales & marketing optimization, supply chain management, predictive asset maintenance, and others.
 

With respect to the geographical outlook, the industry size sans across North America, South America, Middle East & Africa, Europe, and Asia Pacific.
 

Leading players influencing global indoor location industry trends are CenTrak, Acuity Brands, Inc., Cisco Systems, Inc., Apple, Inc., Microsoft Corp., Google, LLC, HID Global, Mist Systems, Inc., Hewlett Packard Enterprise Co., Inpixon, and Zebra Technologies Corp. among others.