About Enterprise Indoor Location-based Services Market in the US
LBS uses GIS technology and the Internet to track the location of users within a wireless network using location-enabled mobile devices. User-initiated LBS requires an Internet connection to obtain a user's location and provide search results.
Indoor LBS is used to track the location of objects or people inside a building or a specific area. Since it is confined to a very limited area and requires high accuracy, indoor LBS uses only wireless networks such as Wi-Fi and wireless local area network (WLAN), Ultra-wideband (UWB), Bluetooth, Assisted GPS (A-GPS), micro-electrical-mechanical systems (MEMS), and other hybrid technologies. It is used in various public places such as universities, hospitals, stadiums, shopping malls, government offices, airports, warehouses, hotels, and parking areas.
Technavio’s analysts forecast the enterprise indoor LBS market in the US to grow at a CAGR of 47.58% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the enterprise indoor LBS market in the US for 2016-2020. Technavio's report, Enterprise Indoor Location-based Services Market in the US 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Enterprise Indoor Location-based Services Market in the US 2016-2020
Technavio recognizes the following companies as the key players in the Enterprise Indoor Location-based Services Market in the US: Apple, Google, HERE, Micello, shopkick (SK Telecom), and Comtech Telecommunications
Other Prominent Vendors in the market are: Accuware, Aislelabs, bfonics, Broadcom, Cisco, Gimbal, Indoo.rs, NextNav, Polaris Wireless, Pole Star, Skyhook Wireless (TruePosition), Social Retail, TomTom, and xAd.
Commenting on the report, an analyst from Technavio’s team said: “The growth of the enterprise indoor LBS market in the US is driven by the increased adoption of beacons in banks, retail outlets, restaurants, shopping complexes, and hospitals. The early deployment of high-speed networks such as LTE and LTE-A and the availability of WLAN and Wi-Fi networks in hospitals, auditoriums, airports, and shopping complexes will also drive the growth of the market.”
According to the report, the growing popularity of real-time location system (RTLS) for asset and fleet tracking in hospitals and warehouses is driving the market for LBS in the US. Increased use of beacons and contextual computing are major trends prevailing in the market. Beacons are used to maximize the effectiveness of indoor maps, payment services, and other location-sensitive product catalogs.
Further, the report states that most indoor LBS solutions are hosted on open platforms to allow easy sharing of information. This makes the personal information of customers vulnerable to misuse and generates a significant amount of spam content.
pple, Google, HERE, Micello, shopkick (SK Telecom), Comtech Telecommunications, Accuware, Aislelabs, bfonics, Broadcom, Cisco, Gimbal, Indoo.rs, NextNav, Polaris Wireless, Pole Star, Skyhook Wireless (TruePosition), Social Retail, TomTom, xAd.
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