(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Oct 12, 2021, 08:03 /Comserve / -- According to MarkNtel Advisors' research report,“Global Indoor Location Market Analysis, 2021,” the market is likely to grow at a CAGR of around 38% during 2021-26.
COVID-19 has reformed the way we work and has impacted various aspects of the businesses worldwide. Keeping in mind the multi-faceted challenges and the impact on economies post pandemic, companies are focusing on the risks and probabilities for sustainability, growth, and development from this transition.
According to MarkNtel Advisors' research report, “Global Indoor Location Market Analysis, 2021,” the market is likely to grow at a CAGR of around 38% during 2021-26. The market growth owes to the burgeoning number of connected devices to monitor heat, pressure, humidity, air pollution, and rising adoption & demand for indoor location technology among various verticals, such as manufacturing and healthcare, to improve lean automation and robotics processes. Moreover, the escalating investment in IT infrastructure and surging inclination toward deploying sensors & tag-based technology are other critical aspects likely to contribute to the market growth in the forecast years.
The spread of the COVID-19 pandemic has changed the way how people used to access their indoor environment. Social distancing among people in indoor spaces has resulted in dramatically increasing the Global Indoor Location Market growth. Although, lockdown imposed by the government in the wake of the COVID-19 outbreak has affected the Global Indoor Location Market owing to the movement restrictions and shutdown of malls, retail shops, etc. However, with the lockdown upliftment and all the indoor spaces reopened, the rising need to follow social distancing measures and surging awareness regarding the value of mapping in indoor spaces are likely to accelerate the growth of the Global Indoor Location Market.
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The Final Report will cover the impact analysis of COVID-19 on this industry: Global Indoor Location Market Research Report: Forecast Insights by Emerging Trends, Future Growth, Revenue Analysis, Demand Forecast (2021-2026)
Transportation and Logistics Vertical Accounted for the Largest Market Share
Based on the Verticals, the market bifurcates into Retail, Transportation & Logistics, Entertainment, Manufacturing, Healthcare, and Travel & Hospitality. Of them all, the Transportation & Logistics segment acquired the largest share in the Global Indoor Location Market in the previous few years. It primarily owes to the rising adoption of indoor location solutions in the transportation industry to optimize services by understanding the customer behavior and increasing the requirement for mobile support for travelers to guide them at airports, railway stations, and airports. Moreover, in the logistics industry, the increasing need to reduce wastage of time in asset location management and track & identify asset locations is also likely to drive the overall market growth in the forecast period, cites MarkNtel Advisors in their research report,“Global Indoor Location Market Analysis, 2021.”
Large-Size Organization Attained Highest Market Share
Based on the organization size, the market divides into Large and Mid-Size & Small size Organization. Among these segments, the Large-Scale organization captured a significant market share in the Global Indoor Location Market in the previous few years. It owes to the rising adoption of indoor location solutions & hardware among organizations to enhance customer experience. Moreover, large-scale universities and educational institutions are deploying indoor positioning solutions and hardware in directing visitors & students to precise locations within the facility from outside. It also helps students reserve their participation for a conference or booking a seat in the library.
Fill This Form and get the Sample Copy of This Report:
The Final Report will cover the impact analysis of COVID-19 on this industry: Global Indoor Location Market Research Report: Forecast Insights by Emerging Trends, Future Growth, Revenue Analysis, Demand Forecast (2021-2026)
North America Dominated the Market
Geographically, North America held the largest share in the Global Indoor Location Market in the previous few years. It owes to the surging investments by market players for developing several advanced technologies and offer various applications of indoor location solutions. In addition to this, the rising number of indoor location industry players in the region also fuels the growth of the Indoor Location Market in North America.
Burgeoning Technological Advancements
The launch of cloud and IoT systems helps companies to automate their operations. The mounting applications of IoT are beneficial for various verticals for enhancing their operations. Further, rapid market penetration of smartphones, several mobile applications, digitalization, technological advancements, mobile commerce augments the growth of the Indoor Location Market across the globe.
Limitations in Accuracy
Although the Indoor Location market offers many new business opportunities, it also poses certain shortcomings, including limited accuracy & precision, complicated maintenance process of indoor sensing platforms, and scarcity of data quality assessment tools.
Key Questions Answered in the Market Research Report:
1. What are the overall market statistics or estimates (Market Overview, Market Size- by Value, Forecast Numbers, Market Segmentation, and Market Shares) of the Global Indoor Location Market?
2. What are the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Indoor Location Market?
4. Who are the key competitors, their key strengths & weaknesses, and how they perform in the Global Indoor Location Market based on a competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the Global Indoor Location Market study?
TABLE OF CONTENT
1. Introduction
1.1. Product Definition
1.2. Research Process
1.3. Assumptions
1.4. Market Segmentation
2. Preface
3. Executive Summary
4. Impact of COVID-19 on Global Indoor Location Market
5. Global Indoor Location Market Analysis, 2016-2026F
5.1. Market Size & Analysis
5.1.1. Revenues (in USD Million)
5.2. Market Share & Analysis
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