Global Indoor Location Market to Reach $119.9 Billion by 2027
Amid the COVID-19 crisis, the global market for Indoor Location estimated at US$13.8 Billion in the year 2020, is projected to reach a revised size of US$119.9 Billion by 2027, growing at aCAGR of 36.1% over the period 2020-2027. Cloud, one of the segments analyzed in the report, is projected to record 37.7% CAGR and reach US$76.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the On-Premises segment is readjusted to a revised 33.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4.2 Billion, While China is Forecast to Grow at 34% CAGR
The Indoor Location market in the U.S. is estimated at US$4.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$19.1 Billion by the year 2027 trailing a CAGR of 34% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 33% and 30.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 24.3% CAGR.We bring years of research experience to this 7th edition of our report. The 142-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Apple, Inc.
- Broadcom Ltd.
- Cisco Systems, Inc.
- Ericsson AB
- Google LLC
- Microsoft Corporation
- Qualcomm Technologies, Inc.
- Senion AB
- STMicroelectronics NV
- Zebra Technologies Corporation