GITNUX MARKETDATA REPORT 2024

Indoor Location Industry Statistics

The indoor location industry is anticipated to experience significant growth in the coming years, driven by the increasing adoption of indoor positioning systems in various sectors such as retail, healthcare, and transportation.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we will explore a comprehensive overview of the indoor location industry, backed by a range of compelling statistics. From projections on market size and regional market shares to insights on growth trends and adoption rates, these statistics provide valuable insights into the dynamic landscape of indoor location technology. Let’s dive into the data to better understand the current state and future prospects of the indoor location market.

Statistic 1

"By 2026, the global indoor location market size is projected to reach USD 17.43 billion."

Statistic 2

"The software component of the indoor location market is projected to hold the largest share over the forecast period."

Statistic 3

"In 2020, North America accounted for 40% of the total indoor location market share."

Statistic 4

"By 2023, demand for indoor location application in retail is expected to grow fivefold."

Statistic 5

"The market for real-time indoor location is expected to witness significant growth due to COVID-19."

Statistic 6

"Increased adoption in asset tracking is predicted to drive the indoor location market through the year 2026."

Statistic 7

"As per 2019 report, the indoor location market occupied a total market value of about USD 7 billion."

Statistic 8

"Proximity tools are anticipated to account for the largest market share for Indoor Location Market."

Statistic 9

"150 million smartphones will be enabled with indoor positioning technology by 2023."

Statistic 10

"By function, the indoor location market is dominated by the mapping and navigation segment which held a share of over 37% in 2020."

Statistic 11

"The services component will witness a significant growth of over 35% from 2020 to 2026 in the Indoor Location Market."

Statistic 12

"According to statistics, the indoor location technology has an adoption rate of 35% in the US."

Statistic 13

"There is a 26% growth in the adoption of indoor location technology in Europe."

Statistic 14

"By vertical, the retail industry holds the largest share in the indoor location market."

Statistic 15

"By 2024, it is predicted that the adoption of IPS (indoor positioning system) market in APAC will have a growth rate of 42%."

Statistic 16

"Indoor location Systems in transportation management will witness CAGR of 45% in the upcoming years."

Statistic 17

"According to a study, more than 28% of organizations worldwide have adopted indoor location software for asset tracking."

Statistic 18

"In 2018, the largest share of the indoor location market was held by the transportation and logistics industry."

The indoor location industry is experiencing significant growth and innovation, with projections indicating a robust market size of USD 17.43 billion by 2026. Key trends include the dominance of the software component, particularly in sectors like retail, asset tracking, and mapping/navigation. North America and Europe are leading in adoption rates, with the retail industry holding a major share of the market. The impact of COVID-19 is also fueling growth in real-time indoor location solutions. The future looks promising, with continued advancements in indoor positioning technology and widespread adoption across various industries poised for substantial growth in the coming years.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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