Enterprise Indoor Location-Based Services Market Growth Forecast: Exploring Trends and Opportunities for the Next Decade
Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
What fueled the previous growth in the enterprise indoor location-based services market?
The enterprise indoor location-based services market has experienced exponential growth in recent years. It will increase from $0.93 billion in 2024 to $1.31 billion in 2025, at a CAGR of 41.2%. This growth is driven by enhanced passenger comfort, the demand for privacy and security, increased passenger traffic, and a focus on operational efficiency, particularly in airports.
What will be the enterprise indoor location-based services market size in the future?
The enterprise indoor location-based services market is expected to experience exponential growth, reaching $5.17 billion by 2029 at a CAGR of 40.9%. This growth is driven by advancements in location-based technologies, the adoption of IoT devices, development of Industry 4.0, enhanced indoor positioning through light, and increased use of analytics for business optimization. Trends include IoT adoption, smart building technologies, technological advancements, and rising partnerships.
Get your enterprise indoor location-based services market report here!
What main drivers are fueling expansion in the enterprise indoor location-based services market?
The growing adoption of IoT (Internet of Things) devices is expected to propel the enterprise indoor location-based services market. IoT devices are physical objects embedded with sensors, software, and technologies that connect and exchange data over networks without human intervention. Their adoption is increasing due to technological advancements and greater connectivity options like 5G. Enterprise indoor location-based services (LBS) use IoT devices to improve efficiency, safety, and customer experiences within indoor environments such as office buildings and retail stores. In April 2024, Ericsson reported that global IoT connections reached 15.7 billion in 2023 and are projected to grow by 16% to nearly 39 billion by 2029. The increasing adoption of IoT devices is driving the enterprise indoor location-based services market.
What key areas define the segmentation of the global enterprise indoor location-based services market?
The enterprise indoor location-based services market covered in this report is segmented –
1) By Product: Analytics And Insights, Automotive Services, Campaign Management, Consumer Services, Enterprise Services, Location And Alerts, Location-Based Advertising Services, Maps, Precision Geo-Targeting
2) By Component: Hardware, Software, Services
3) By Application: Monitoring, Navigation, Proximity, Tracking, Other Applications
Subsegments:
1) By Analytics And Insights: Real-Time Data Analytics, Predictive Analytics
2) By Automotive Services: Fleet Management Services, Vehicle Tracking Services
3) By Campaign Management: Targeted Campaigns, Real-time Campaign Analytics
4) By Consumer Services: Indoor Navigation For Consumers, Consumer Location Tracking
5) By Enterprise Services: Workforce Management, Indoor Asset Tracking, Employee Location Tracking
6) By Location And Alerts: Geofencing Alerts, Proximity Alerts
7) By Location-based Advertising Services: In-Store Advertising, Personalized Advertising
8) By Maps: Indoor Mapping Solutions, Interactive Maps For Navigation
9) By Precision Geo-targeting: Location Precision Services, Geo-Fencing And Targeting Solutions
Get your free sample now – explore exclusive market insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16419&type=smp
Who are the dominant players expanding their reach in the enterprise indoor location-based services market?
Major companies operating in the enterprise indoor location-based services market are Zebra Technologies Corporation, HPE Aruba Networking, Cisco Meraki, Geotab Inc., DecaWave Limited, Shopkick, Cisco DNA Spaces, Navigine, Ekahau, Ubisense, Pointr, Inpixon, IndoorAtlas Oy, Navizon Inc., Aisle411 Inc., Senion AB, Steerpath Oy, MazeMap AS, Infsoft GmbH, Airista Flow Inc., Locatify
How are evolving market trends shaping enterprise indoor location-based services Strategies?
Companies in the enterprise indoor location-based services market are focused on developing geolocation platforms for real-time tracking, even in tall buildings. In February 2023, Radisys Corporation, a US telecom solutions provider, launched Radisys ReachPoint, a geolocation platform for precise indoor navigation. This platform uses geospatial data from Wi-Fi and cell towers instead of GPS to help employees and visitors navigate office spaces.
Unlock exclusive market insights – purchase your research report now for a swift delivery!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16419
Which regions are emerging as leaders in the enterprise indoor location-based services market?
North America was the largest region in the enterprise indoor location-based services market in 2024. The regions covered in the enterprise indoor location-based services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Browse Through More Similar Reports By The Business Research Company:
Automotive Artificial Intelligence Global Market Report 2024
Blockchain AI Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/blockchain-global-market-report
Generative AI Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/generative-ai-global-market-report
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
