Global Indoor Navigation (INDOOR NAVIGATION) Market is Anticipated to Expand at a CAGR of 38.2% Over the Forecast Period (2016-2024)

New York, USA, 2018-Dec-10 — /EPR Network/ — Indoor Navigation market is growing on the back of limited GPS services for Indoor Navigation coupled with advanced bandwidth and internet connectivity services. Indoor Navigation market segmentation has been carried out on the basis of services, solution, technology, application, end-user, and geography. Based on services, the professional services segment accounted for the largest market share of 58.2% in 2016. Global Indoor Navigation Market is majorly driven by Africa, producing 73% of the global INDOOR NAVIGATION production.

Africa is foed by the developed countries. North America is expected to account for 30.2% share by 2024 of global INDOOR NAVIGATION market. Further, Asia Pacific developmental activities and adoption of advanced technologies is leading the INDOOR NAVIGATION market of Asia Pacific to grow at the fastest rate.

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Market Segmentation

On the basis of our in-depth analysis, Global INDOOR NAVIGATION Market can be segmented as follows:

  • On the Basis of Services
  1. Managed service
  2. Pure play managed services
  3. Staffing legacy managed services
  4. Professional services
  • On the Basis of Solution
  1. Hardware
  2. GPS
  3. Mobile devices
  4. Software
  5. Software Tools
  6. Context Accelerator
  7. Location Analytics
  8. Others
  • On the Basis of Technology
  1. RF-based (Wi-Fi/BLE)
  2. Sensor and Tag-Based
  3. Others (Satellite/Remote Sensing and Microwave)
  • On the Basis of Application
  1. Risk Management
  2. Predictive Asset Analytics
  3. Emergency Response Management
  4. Remote Monitoring
  5. Marketing and Customer Experience Management
  6. Inventory Management
  • On the Basis of End-User
  1. Transportation
  2. Hospitality
  3. Entertainment
  4. Defense
  5. Others (Retail, Manufacturing)
  • On the Basis of Region
  1. North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
  2. Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  3. Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  4. Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  5. Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  6. Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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Indoor Navigation Market Challenges & Key Players

“Global INDOOR NAVIGATION Industry Outlook 2024” contains the detailed overview of the  INDOOR NAVIGATION market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by services, solution, technology, application, and end-user.

Further, for the in-depth analysis, Indoor Navigation Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such asApple Inc., Google, Cisco system Inc., Microsoft Corporation, Qualcomm Technologies, Senionlab AB, Ericsson, STMicroelectronics N.V, Zebra Technologies, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global INDOOR NAVIGATION market trends along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

Global Indoor Navigation Market is driving on the basis of mentioned below industries:

Proximity Sensors Market

Proximity Sensors Market is set to harness market revenue of USD 6.8 billion by 2025 growing at a CAGR of 7.6% over the forecast period (2017-2025). Further, the industrial automation is the most lucrative segment for the application of proximity sensors. The adoption of robots, automated machines and automating each process is propelling the R&D of innovative & advanced proximity sensors. But the cost of implementing proximity sensors for automation purpose has a high cost that deems to restrain the growth of the market.

Sensors Market

Sensors Market is set to harness market revenue of USD 250 billion by 2025 growing at a CAGR of 11.60% over the forecast period (2017-2025). Sensors are the components in a larger system that collects information about the world, organize the information in an understandable form and then it communicates that information.The rising trend of the smart environment, industry 4.0 and IoT, the application of sensors is evolving and increasing.

IT Managed Services Market

IT Managed Services Market estimated at USD 145.3 billion in 2016, which is estimated to reach USD 249.4 billion by 2024, growing at a CAGR of 9.4% over the forecast period 2016-2024. Advancing technologies and services such as big data, cloud computing, and mobility services among others that tend to provide flexibility, cost efficiency and improved profit margins to the companies are majorly driving the growth of global IT managed services market.

 

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