Dublin, Dec. 1, 2014 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/hscf4l/indoor_location) has announced the addition of the "Indoor Location Market by Solution, by Application, by Service, by Vertical, & by Region - Global Forecast up to 2019" report to their offering.
Advancements in technology in the past few decades have inevitably led to the potential growth of indoor location market across the R&D labs of the world. In the early market space, commercial positioning and navigation systems manifested as GPS devices, which are robust for outdoor environments. Absence of satellite signals in the indoor space clearly indicated the requirement for new research technology which is effective in the indoor conditions. Thus, indoor location technologies came into existence.
The increasing customer expectation, along with measures to control the infrastructure cost is playing a vital role in shaping the future of the indoor location market. Even though the adoption is relatively slow due to lack of research resources, these solutions are expected to grow steadily and generate strong traction across all the emerging venues, owing to the growing need of social connectivity on a real-time basis.
Furthermore, it impacts asset monitoring and automation at the enterprise level. The technology is expected to bring in integration capabilities of analytical software tools with the existing maps and navigation applications; and such applications will further enhance the growth of venues, while ensuring customer privacy and other regulatory policies.
The market life cycle widely varies from region to region. The overall market is at an amorphous stage with immense growth potential for the next five years. Asia Pacific is expected to observe a high adoption rate of indoor location technology across various vertical markets. The growing BYOD trend is also contributing to the growth in the region. The indoor location market in Europe is expected to see a greater traction by the end of the forecast period.
This report expects increasing adoption of indoor location solutions as major vendors are bringing cost-effective and technologically advanced solutions and are aggressively investing toward the research and development.
The global indoor location market is expected to grow from $935.05 million in 2014 to $4,424.1 million by 2019, at an estimated Compound Annual Growth Rate (CAGR) of 36.5% from 2014 to 2019.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Indoor Location Market Analysis, By Solution
8 Indoor Location Market Analysis by Application
9 Indoor Location Market Analysis, By Service
10 Indoor Location Market Analysis, By Vertical
11 Indoor Location Market Analysis, By Region
12 Competitive Landscape
13 Company Profiles (Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MNM View)*
- Cisco Systems
For more information visit http://www.researchandmarkets.com/research/hscf4l/indoor_location
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Source:Research and Markets