The Indoor Location Market is estimated to reach US$ 24,601.1 million by 2027 from US$ 3,493.8 million in 2018. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

This research report provides insights into the “Indoor Location Market.” This report summarizes the results of the assessment carried out by The Insight Partners in the field of the Benefits Management Platform for the global perspective. The report provides an analysis of the Benefits Indoor Location Market by deployment, application, and geography.

The implementation of indoor location system has recently witnessed a significant adoption in diverse verticals ranging from manufacturing to logistics to security to sports. The growth in adoption of indoor location system is attributed to several factors such as widespread availability of low-cost sensors and tags, the sophistication of the sensing and connectivity capabilities in devices that do not impact battery life, and the introduction of open ecosystems that allow organizations to construct more flexible business models without locking them into hardware or software.

The report provides the current market size for the Indoor Location Market, defines trends, and presents growth forecasts for nine years from 2022 to 2028. 2020 is considered as the base year, and 2022 to 2028 is the forecast year for the entire report. All the market numbers for revenue are provided in US dollars. The market is analyzed by the supply side, considering the market penetration of Benefits Management Platform for all the regions globally.

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There has been constant development in indoor location industry. For instance, Here company enhanced its HERE Positioning by integrating it with GiPStech’s inertial sensors technology. The advancement is expected to provide enhanced smartphone experience for users when they are locating themselves. Also, Zebra Technologies introduced PS20, a new Android-based mobile barcode scanner that allows shoppers to pay for items without going through traditional checkout. The device supports Visible Light Communication (VLC) that can transmit location data with the help of fluorescent light to create indoor position systems.

The research report focuses on the current Indoor Location market trends, opportunities, future potential of the market, and competition in the Benefits Management Platform in North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The study also provides market insights and analysis of the Benefits Management Platform, highlighting the technological market trends, adoption rate, industry dynamics, and competitive analysis of major players in the industry.

Some of the key companies operating in indoor location market across the globe include BROADCOM, Cisco Systems Inc., Ericsson AB, Geomoby, IndoorAtlas Ltd., Infsoft GmbH, Micello Inc., Qualcomm Technologies Inc., Senion, Sensware Ltd., Sonitor Technologies, Spreo, STMicroelectronics, and Zebra Technologies Corporation among various other leading market players. Several other players are also functioning in the market worldwide, contributing significant revenue shares year on year.

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