Micro-location Technology Market Research Reports, Industry Size, In-Depth Qualitative Insights, Explosive Growth Opportunity, Regional Analysis 2022-2031

New York, 2022-Aug-04 — /EPR Network/ — According to a new market research report published by Global Micro-location Technology Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Micro-location services are a type of location-based service that uses very precise location information in order to provide a service or content to users. This can be done through the use of GPS, beacons, or other types of location-based technology. Micro-location services can be used for a variety of purposes, such as providing turn-by-turn directions, targeted content, or location-based marketing.

Micro-location services are becoming increasingly popular as the technology to support them becomes more sophisticated and widespread. Beacons, in particular, are becoming more common in public places as a way to provide targeted content and marketing to users. GPS is also becoming more accurate and affordable, making it a viable option for more precise location-based services.

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Key Companies

  • Camco Technologies
  • Humatics Corporation
  • Ubisense Group
  • Aruba Networks
  • Siemens AG
  • Aruba Networks

Key Trends and Drivers:

The trend towards more accurate micro-location services is also being driven by the increasing availability of data from a wide range of sources, including Wi-Fi networks, cellular networks, and sensor networks. This data can be used to create very accurate models of indoor environments, which can then be used to improve the accuracy of location-based services.

There are various drivers of the micro-location services market. Some of the key drivers are as follows:

  • Increasing demand for accurate location-based services: There is a growing demand for accurate location-based services, especially in the field of asset tracking and fleet management. This is driving the growth of the micro-location services market.
  • Rising adoption of IoT: The rising adoption of the Internet of Things (IoT) is another key driver of the micro-location services market. IoT enables accurate tracking of people and assets, which is fueling the demand for micro-location services.
  • Increasing investment in location-based technologies: There is a growing investment in location-based technologies, which is driving the growth of the micro-location services market.

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Market Segments:

By Application

  • Asset Management
  • Proximity Marketing

By Offering

  • Hardware
  • Software
  • Services

By Technology

  • UWB
  • WiFi
  • BLE
  • RFID

By Vertical

  • Retail
  • Automotive
  • Sports and Entertainment
  • Transportation
  • Healthcare
  • BFSI

Reasons to buy Micro-location Technology Market:

  • Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
  • Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
  • Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
  • Develop business and M&A strategies through understanding of latest trends and emerging players in the market
  • Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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With Global Insight Services, you receive:

  • 10-year forecast to help you make strategic decisions
  • In-depth segmentation which can be customized as per your requirements
  • Free consultation with lead analyst of the report
  • Excel data pack included with all report purchases
  • Robust and transparent research methodology

 About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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