Indoor Location Market Analysis, Potential Opportunities, Emerging Technologies and Current Trends by 2028
According to a research report published by MarketsandMarkets, the Indoor Location Market is projected to grow from USD 10.9 billion in 2023 to USD 29.8 billion by 2028, at a CAGR of 22.3% during the forecast period. The demand for indoor location solutions is anticipated to rise as a result of the growing number of applications powered by BLE tags and beacons.
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Five Reasons for Explosive Growth in the Global Indoor Location Market
Indoor positioning system or IPS is a highly popular network service for wireless access at indoor locations. Rather than satellites, these services depend on nearby internet anchors that locate tags and create environmental context for the devices. Indoor location positioning and navigation equipments (IPINs) are gaining demands in the global market spread across various business verticals. This has...