Indoor LBS Market Trends 2021-26 | Growth, Share, Size, Demand and Outlook

According to IMARC Group’s latest report, titled “Indoor LBS Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global indoor LBS market to exhibit strong growth during 2021-2026.

Indoor location-based services (LBS) are the technological solutions used to track the location of an object or an individual within confined geographical parameters. These solutions operate through wireless networks, such as Wi-Fi, global positioning system (GPS), wireless local area networks (WLAN), and microelectronic mechanical system (MEMS). Indoor LBS offer tailored information to smartphone users depending upon their location, including mapping and navigation, in-store product search, and mobile payments. They are widely adopted across various industries, including aerospace, defense, retail, healthcare, transportation, hospitality, etc.

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Market Trends

Rapid urbanization has led to significant infrastructural development and utilization of geospatial data in recreational parks, educational institutes, hospitals, commercial complexes, etc., thereby driving the market for indoor LBS. Moreover, the increasing penetration of smartphones and tablets, along with the proliferation of social media platforms, help the marketers in efficient geo-marketing by targeting potential customers through social check-ins. Additionally, the rising adoption of artificial intelligence (AI), cloud computing, and big data tools to optimize business processes and determine the efficient plan layout for implementing lean manufacturing tools and processes will continue to further drive the market for indoor LBS in the coming years.

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The report has segmented the market on the basis of solution type, technology, application, vertical and region.

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

Breakup by Geography:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

Key highlights of the report:

Market Performance (2015-2020)
Market Outlook (2021- 2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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