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Enterprise Indoor Location-based Services Market in US 2019-2023 | 43% CAGR Projection Through 2023 | Technavio

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Enterprise indoor location-based services market in US is expected to post a CAGR of almost 43% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

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Technavio has announced its latest market research report titled enterprise indoor location-based services market in US 2019-2023. (Graphic: Business Wire)

Technavio has announced its latest market research report titled enterprise indoor location-based services market in US 2019-2023. (Graphic: Business Wire)

Enterprise indoor location-based services are more accurate than GPS. They enable airport apps to guide passengers around the terminal and help them find restrooms and boarding gates, thereby improving the passenger experience. Similarly, in hospitals, enterprise indoor location-based services guide caretakers, patients, and visitors to the appropriate place. This helps patients avail treatment on time and improve their overall experience. Hence, many enterprises are increasingly adopting indoor location-based services to ease the navigation for their visitors, which is driving the growth of the market.

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As per Technavio, the use of analytics for business process optimization will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Enterprise Indoor Location-Based Services Market in US: Use of Analytics for Business Process Optimization

By integrating analytics with enterprise indoor location-based services, organizations can analyze the time spent at certain locations and the routes that are taken often. This is helpful in identifying busy hours of a day or a week and enables organizations to conduct effective promotional activities as well as personnel capacity planning. For instance, in the industrial sector, the movement of objects such as work equipment, goods, and products can be effectively measured through enterprise indoor location-based services integrated with analytics. This helps determine the most efficient plan layout and implement lean manufacturing tools and processes such as just-in-time. This trend is expected to gain momentum during the forecast period and will have a positive impact on the growth of the enterprise indoor location-based services market.

“Indoor positioning using light and the advent of Industry 4.0 will further boost market growth during the forecast period”, says a senior analyst at Technavio.

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Enterprise Indoor Location-Based Services Market in US: Segmentation Analysis

This market report segments the enterprise indoor location-based services market in US by technology (RFID, Bluetooth, Wi-Fi, and others) and product (hardware, and software and services).

The RFID segment led the market in 2018, followed by Bluetooth, Wi-Fi, and others respectively. During the forecast period, the RFID segment is expected to maintain its dominance over the market. This is due to the inherent benefits of RFID technology such as high accuracy and low maintenance costs.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Customer Landscape

Geographical Segmentation

  • Geographic comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Landscape disruption
  • Competitive scenario

Vendor Analysis

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.