DUBLIN–(BUSINESS WIRE)–The “Indoor LBS Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.

The global indoor LBS market reached a value of US$ 8.09 Billion in 2020. Looking forward, the global indoor LBS market to exhibit strong growth during 2021-2026.

Indoor location-based services (LBS) refer to a technological solution that is used to track the location of an object or an individual inside an enclosed space. These solutions are confined to small geographical perimeters and operate through wireless networks, such as Wi-Fi, global positioning system (GPS), microelectronic mechanical system (MEMS) and wireless local area networks (WLAN).

They also provide customized information to smartphone users depending upon their location, including mapping and navigation, in-store product search, Bluetooth-assisted proximity services and mobile payments. They find extensive applications across various industries, including aerospace, defense, healthcare, retail, hospitality and transportation.

Rapid industrialization and urbanization across the globe are among the key factors driving the growth of the market. Significant infrastructure development and utilization of geospatial data in retail malls, recreational parks, educational institutes, commercial complexes and hospitals, are also providing a boost to the market growth.

Furthermore, the increasing penetration of connected devices, such as smartphones and tablets, along with the proliferation of social media platforms, is providing a boost to the market growth. These platforms aid marketers in conducting efficient geo-marketing by targeting potential customers through social check-ins and engaging with their audience by offering customized offers.

Additionally, the increasing utilization of 5G technology for LBS is acting as another growth-inducing factor. Indoor LBS provides enhanced assistance and security to the authorities for monitoring and tracking public activities.

Other factors, including the widespread utilization of cloud computing, artificial intelligence (AI) and big data tools for business process optimization and determining the most efficient plan layout for implementing lean manufacturing tools and processes, are projected to drive the market further.

Key Questions Answered in This Report:

How has the global indoor LBS market performed so far and how will it perform in the coming years? What are the key regional markets? What has been the impact of COVID-19 on the global Indoor LBS market? What is the breakup of the market based on the solution type? What is the breakup of the market based on the technology? What is the breakup of the market based on the application? What is the breakup of the market based on the vertical? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the industry? What is the structure of the global indoor LBS market and who are the key players? What is the degree of competition in the industry? Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being

Apple Cisco Systems Inc. GloPos Technologies Google Inc. IndoorAtlas Ltd Micello Inc. Microsoft Corporation Navizon Inc. Ruckus Wireless YOOSE Pte. Ltd. Breakup by Solution Type:

Analytics and Insights Campaign Management Enterprise Services Location and Alerts Maps Proximity Beacons Others Automotive Services Consumer Services Location-based Advertising Services Precision Geo-targeting Secure Transactions and Redemptions Others Breakup by Technology:

Context Aware Technology OTDOA and E-OTDOA RFID and NFC Satellite, Microwave and Infrared Sensing Others (Wi-Fi/WLAN, UWB, BT/BLE, Beacons, A-GPS, etc.) Breakup by Application:

Monitoring Navigation Tracking Analytics Others Breakup by Vertical:

Retail Transportation and Logistics Media and Entertainment Healthcare and Life Sciences Government and Public Buildings Aerospace and Defense BFSI Others Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

5 Global Indoor LBS Market

6 Market Breakup by Solution Type

7 Market Breakup by Technology

8 Market Breakup by Application

9 Market Breakup by Vertical

10 Market Breakup by Region

11 SWOT Analysis

12 Value Chain Analysis

13 Porters Five Forces Analysis

14 Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/r/b3d8ui

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