Based on location type, the indoor location segment is expected to grow at a higher CAGR during the forecast period. The technology helps in recording the real-time monitoring of data to visualize the visitor’s behavior and preferences. Earlier, global positioning system (GPS) was used to visualize the visitor’s actions. But, due to incapability of receiving signals due to hard walls, the indoor location technology was introduced. On the basis of application, the IoT location intelligence segment is expected to grow at the highest CAGR during the forecast period.
The Location of Things Industry is growing rapidly over 35% of CAGR and is expected to reach at USD 38 billion by the end of forecast period.
The major market players identified by MRFR in the Location of Things Industry are ESRI (U.S.), Bosch Software Innovations Gmbh (Germany), Qualcomm Technologies, Inc. (U.S.), Ubisense Group Plc. (U.K.), Wireless Logic (U.K.), Google, Inc. (U.S.), Microsoft Corporation (U.S.), Pitney Bowes (U.S.), IBM Corporation (U.S.), HERE (U.S.) among others.
The Location of Things Market has been segmented on the basis of location type, application type, vertical and regional. The application segment comprises of mapping and navigation, location based customer engagement and advertising platform, location based social media monitoring, IoT asset management and IoT location intelligence.
The mapping and navigation type in the application segment accounted for the largest share in the location of things market. It is used to study and analyze data or the image generated. Spatial extraction, transformation and load enables organizations to control the data flow and mapping the characteristics of the source data with the destination data. The integration of GIS and interactive mapping of technology offers comprehensive solutions for workforce management.
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The regional analysis of Location of Things Industry is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America would dominate the Location of Things Industry owing to massive technological progress and a subsequent solid internet infrastructure.
Also the presence of strong domestic solution providers have contributed to the growth of the market in this region. North America is home to a large number of domestic solution providers, who have accelerated the growth in that region.
LIST OF TABLES
TABLE 1 LOCATION OF THINGS MARKET, BY LOCATION TYPE
TABLE 2 LOCATION OF THINGS MARKET, BY APPLICATION
TABLE 3 LOCATION OF THINGS MARKET, BY VERTICAL
TABLE 4 LOCATION OF THINGS MARKET, BY REGIONS
TABLE 5 NORTH AMERICA LOCATION OF THINGS MARKET, BY LOCATION TYPE
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LIST OF FIGURES
FIGURE 1 RESEARCH TYPE
FIGURE 2 LOCATION OF THINGS MARKET, BY LOCATION TYPE (%)
FIGURE 3 LOCATION OF THINGS MARKET, BY APPLICATION (%)
FIGURE 4 LOCATION OF THINGS MARKET, BY VERTICAL (%)
FIGURE 5 LOCATION OF THINGS MARKET, BY REGIONS (%)
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