The indoor location market is projected to grow from USD 8.8 billion in 2022 to USD 24.0 billion by 2027, at a CAGR of 22.4% during the forecast period. The rising demand for location analytics is encouraging market vendors to enhance the capabilities of their indoor location hardware, solutions, and services.
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On-premises deployment mode estimated to lead indoor location market in 2022.
The on-premises deployment mode offers enterprises the power to manage risks, business processes, and industry policies. The adoption of on-premises indoor location solutions reduces the security risk of managing location-based data. Its secure feature leads to the adoption of on-premises mode by various verticals, such as BFSI, healthcare, retail and e-commerce, government and public offices, and transportation.
Ultra-wideband (UWB) expected to register the fastest growth rate during forecast period.
The adoption of UWB technology for indoor localization across industries is increasing at a high rate. UWB is an accurate and promising technology for the indoor tracking of people and assets. UWB positioning is always useful where the position of objects in buildings must be determined with high precision. With UWB, both server-based (asset tracking) and client-based (indoor navigation) applications can be implemented. UWB has very high sampling rates, which greatly reduces latency.
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The major vendors covered in the indoor location market include Zebra Technologies Corporation (Zebra Technologies), Inpixon, HID Global Corporation (HID Global), Alphabet Inc. (Google), Microsoft Corporation (Microsoft), Apple Inc (Apple), Cisco Systems, Inc. (Cisco), Hewlett Packard Enterprise Development LP (HPE), Acuity Brands Lighting, Inc. (Acuity Brands), CenTrak, Inc. (CenTrak), Sonitor Technologies (Sonitor), Ubisense Ltd. (Ubisense), infsoft GmbH (infsoft), HERE Global B.V. (HERE Technologies), STANLEY Healthcare, Quuppa Oy (Quuppa), AiRISTA, Inc. (AiRISTA), InnerSpace Technologies Inc. (InnerSpace), Esri Global, Inc. (Esri), Navigine Corporation (Navigine), Polaris Wireless, Situm Technologies, S.L. (Situm), Kontakt.io, Syook, Oriient New Media Ltd (Oriient), Navenio Ltd (Navenio), Pozyx NV (Pozyx), Azitek, and Mapxus. These players have adopted various growth strategies, such as partnerships, business expansions, agreements, collaborations, and new product launches, to expand their presence in the indoor location market.
Zebra Technologies is a global provider of Enterprise Asset Intelligence (EAI) solutions specific to automatic identification and data capture applications. The company designs, manufactures, and sells a broad range of automatic identification and data capture products, including mobile computers, barcode scanners and imagers, RFID readers, specialty printers for barcode labeling and personal identification, RTLS, related accessories and supplies, such as labels and other consumables, and software utilities and applications for industries which include retail and e-commerce, transportation and logistics, manufacturing, healthcare, hospitality, warehouse and distribution, energy and utilities, government, public safety, and education enterprises. In the indoor location market, Zebra Technologies offers innovative location solutions and a wide range of indoor location technologies to locate, track, manage, and maximize the utilization of high-value assets, equipment, and people. Some of the solutions offered by the company are Zebra MotionWorks RTLS Solutions, Zebra SmartLens for Retail Asset Visibility, and Location Technologies.
Cisco is a leading provider of products and solutions in core development areas like routing and switching. The company offers its products in various segments, such as networking, IoT, mobility and wireless, and security. The company provides its products and services to different industries, like BFSI, healthcare, energy and utilities, education, transport and logistics, government, manufacturing, and retail. In the indoor location market, Cisco offers hardware such as the Cisco Aironet 3800 series Access Points, Cisco USB BLE Beacons, and solutions that include Cisco Hyperlocation Solution, Cisco DNA Spaces, Cisco Location Control Protocol, and Cisco Connected Mobile Experience (CMX).
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