According to the research report titled ‘Global Indoor Location Market Size study, by Component (Hardware, Solutions, and Services), Technology (BLE, UWB, Wi-Fi, RFID), Application (Emergency Response Management, Remote Monitoring), Organization Size (SMEs and Large Enterprises), by End-User (IT, Telecom, and Media & Entertainment), and Regional Forecasts 2021-2027,’ available with MarketStudyReport, global indoor location market was valued at USD 5.7 billion in the year 2020 and is expected to grow at a healthy rate of 22.9% over the next six years, reaching a valuation of USD 24.14 billion during the period 2021-2027.
 

Increased penetration of smartphones, connected devices, and location-based apps, coupled with a soaring number of applications promoted by BLE (Bluetooth low energy) tags are factors augmenting the growth of global indoor location market.  
 

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Moreover, elevated demand for indoor location technologies for robotics and automation purposes is further accelerating industry development. 
 

Despite the positive outlook, the huge costs involved in the maintenance and installation of this technology is likely to hamper the progress of the market in the forthcoming years. 
 

Based on component type, the market is divided into hardware, solutions (database management system, indoor navigation, indoor tracking), and services (managed services, and professional services).
 

In terms of organization size, worldwide indoor location industry is split into large enterprises, and small & medium enterprises (SMEs). Concerning technology ambit, the marketplace is classified into Wi-Fi, magnetic positioning, BLE, UWB, RFID, and others. 
 

From application perspective, the industry is segmented into remote monitoring, sales & marketing optimization, supply chain management, emergency response management, inventory management, predictive asset management, and others. 
 

Based on end-users, the business outlook is divided into media & entertainment, government & public sector, transportation & logistics, healthcare & pharmaceuticals, retail, manufacturing, travel & hospitality, and others.
 

From a regional standpoint, North America market is poised to witness significant growth over the assessment timeframe, owing to the massive investments for developing BLE and Wi-Fi technologies in the region. 
 

Additionally, Asia Pacific market is anticipated to showcase a strong CAGR during the analysis period, due to the widespread adoption of mobile devices. 
 

The competitive landscape of global indoor location market is defined by companies such as Acuity Brands, Inc., Zebra Technologies Corporation, Hewlett Packard Enterprise Company, Inpixon, Cisco Systems, Inc., Mist Systems, Apple, Inc., HID Global, Microsoft Corporation, and Google LLC among others.