The "Indoor LBS Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global indoor LBS market reached a value of US$ 10.7 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 34.0 Billion by 2027, exhibiting a CAGR of 21.25% during 2021-2027.

Indoor LBS Market Industry Trends:

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 Market Segmentation: The publisher provides an analysis of the key trends in each sub-segment of the global indoor LBS market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on solution type, technology, application and vertical.

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

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

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

Companies Mentioned

• Apple
• Cisco Systems Inc.
• GloPos Technologies
• Google LLC
• IndoorAtlas Ltd
• Micello Inc.
• Microsoft Corporation
• Navizon Inc.
• Ruckus Wireless
• YOOSE Pte. Ltd

For more information about this report visit https://www.researchandmarkets.com/r/rq164u

View source version on businesswire.com: https://www.businesswire.com/news/home/20220629005552/en/