DUBLIN, Oct. 24, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Indoor Location Market by Positioning Systems, Maps and Navigation, Location based analytics, Location based services, Monitoring and emergency services - Worldwide Market Forecasts and Analysis (2014 - 2019)" report to their offering.
Advancements in technology in the past few decades have inevitably led to the potential growth of indoor location across the global market and R&D labs. In the early market space, commercial positioning and navigation systems manifested as GPS devices, which are robust for outdoor environments. Absence of satellite signals in the indoor space clearly indicated the requirement for new research technology which is effective in the indoor conditions. Thus, indoor location technologies came into existence.
The increasing customer expectation, along with measures to control the infrastructure cost is playing a vital role in shaping the future of the indoor location market. Even though the adoption of indoor location is relatively slow due to lack of research resources, these solutions are expected to grow steadily and generate strong traction across all the emerging venues, owing to the growing need of social connectivity on a real-time basis. Furthermore, indoor location impacts asset monitoring and automation at the enterprise level. The technology is expected to bring in integration capabilities of analytical software tools with the existing maps and navigation software; and such applications will further enhance the growth of venues, while ensuring customer privacy and other regulatory policies.
The indoor location market life cycle widely varies region wise and also the overall market is at an amorphous stage with immense potential in the next five years. North America is expected to observe a high adoption rate of indoor location technology across various vertical markets. The growing BYOD trend is also contributing to the growth in the North America region. The indoor location market in Europe is expected to see a greater traction by the end of the forecast period.
This report expects increasing adoption of indoor location solutions as major vendors are bringing cost-effective and technologically advanced solutions and are aggressively investing toward the research and development.
The Indoor Location Market is estimated to grow from $597 million in 2014 to $3961.8 million by 2019 at a Compound Annual Growth Rate (CAGR) of 46.0% from 2014 to 2019.
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 Indoor Location: Market Size and forecast By Hardware Devices
5 Indoor Location: Market Size and Forecast By Software
6 Indoor Location: Market Size and Forecast By Type of Positioning System
7 Indoor Location: Market Size and Forecast By Applications
8 Indoor Location: Market Size and Forecast By Verticals
9 Indoor Location: Market Size and Forecast By Regions
10 Indoor Location: Market Landscape
11 Company Profiles
- Apple Inc
- Motorola Solution Inc.
For more information visit http://www.researchandmarkets.com/research/67bblg/indoor_location
Media Contact: Laura Wood, +353-1-481-1716, email@example.com
SOURCE Research and Markets