Global Indoor Positioning and Indoor Navigation (IPIN) Market is Anticipated to Expand at a CAGR of 38.2% For 2016-2024

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According to Goldstein Research, global IPIN market is expected to reach USD 28.2 billion by 2024 from USD 4.82 billion in 2016, growing at a compounded annual growth rate of 38.2% over the forecast period 2016-2024. World IPIN market is growing on the back of limited GPS services for indoor navigation coupled with advanced bandwidth and internet connectivity services. Global IPIN market segmentation has been carried out on the basis of services, solution, technology, application, end-user, and geography. Based on services, professional services segment accounted for the largest market share of 58.2% in 2016. Global IPIN market is majorly driven by Africa, producing 73% of the global IPIN production. Africa is followed by the developed countries. North America is expected to account for 30.2% share by 2024 of global IPIN market. Further, Asia Pacific developmental activities and adoption of advanced technologies is leading the IPIN market of Asia Pacific to grow at the fastest rate.

Market Segmentation

On the basis of our in-depth analysis, Global IPIN Market can be segmented as follows:

  • On the Basis of Services
    • Managed service
    • Pure play managed services
    • Staffing legacy managed services
    • Professional services
  • On the Basis of Solution
    • Hardware
    • GPS
    • Mobile devices
    • Software
    • Software Tools
    • Context Accelerator
    • Location Analytics
    • Others
  • On the Basis of Technology
    • RF-based (Wi-Fi/BLE)
    • Sensor and Tag-Based
    • Others (Satellite/Remote Sensing and Microwave)
  • On the Basis of Application
    • Risk Management
    • Predictive Asset Analytics
    • Emergency Response Management
    • Remote Monitoring
    • Marketing and Customer Experience Management
    • Inventory Management
  • On the Basis of End-User
    • Transportation
    • Hospitality
    • Entertainment
    • Defense
    • Others (Retail, Manufacturing)
  • On the Basis of Region
    • North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
    • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

 

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IPIN Market Challenges & Key Players

“Global IPIN Industry Outlook 2024” contains the detailed overview of the global IPIN market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by services, solution, technology, application, and end-user.

Further, for the in-depth analysis, Global indoor positioning and indoor navigation (IPIN) industry report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such asApple Inc., Google, Cisco system Inc., Microsoft Corporation, Qualcomm Technologies, Senionlab AB, Ericsson, STMicroelectronics N.V, Zebra Technologies, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global IPIN market trends along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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