According to the latest report by IMARC Group, titled “India Indoor LBS Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the India Indoor LBS Market size reached US$ 257.7 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 892.8 Million by 2027, exhibiting a growth rate (CAGR) of 21.6% during 2022-2027.
Market Overview:
An indoor location-based service (LBS) is a network of devices that are used to locate users by using a wireless network, GPS, Wi-Fi, and satellites. It provides tailored information to the users via smartphones regarding ongoing events, entertainment options, promotional content, and mapping and navigation. Currently, LBS is extensively used across the defense, aerospace, healthcare, hospitality, retail, and transportation sectors.
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Market Trends:
The India indoor LBS market is primarily driven by the increasing infrastructural development and the growing use of home area networks, such as Wi-Fi. Apart from this, rising usage of connected devices, such as tablets and smartphones, along with proliferating social media platforms, is acting as a major growth-inducing factor. Other factors, such as the widespread adoption of location-based navigation, virtual private networks (VPNs), and search and advertising analytics by leading organizations in the country to improve data security, are creating a positive outlook for the market in the country.
Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the India indoor LBS market has been studied in the report with the detailed profiles of the key players operating in the market.
India Indoor LBS Market Segmentation:
The report has segmented the India indoor LBS market on the basis of solution type, technology, application, vertical and region.
Based on Solution Type:
- Analytics and Insights
- Campaign Management
- Enterprise Services
- Location and Alerts
- Maps
- Proximity Beacons
- Others
Based on Technology:
- Context Aware Technology
- OTDOA and E-OTDOA
- RFID and NFC
- Satellite, Microwave and Infrared Sensing
- Others (Wi-Fi/WLAN, UWB, BT/BLE, Beacons, A-GPS, etc.)
Based on Application:
- Monitoring
- Navigation
- Tracking
- Analytics
- Others
Based on Vertical:
- Retail
- Transportation and Logistics
- Media and Entertainment
- Healthcare Life Sciences
- Government and Public Buildings
- Aerospace and Defense
- BFSI
- Others
Regional Outlook:
- North India
- West and Central India
- East India
- South India
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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