Market Overview:
The Europe indoor LBS market size reached US$ 4.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 21.1 Billion by 2032, exhibiting a growth rate (CAGR) of 18.42% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
US$ 4.4 Billion |
Market Forecast in 2032
|
US$ 21.1 Billion |
Market Growth Rate (2024-2032) |
18.42% |
Indoor location-based services (LBS) are positioning techniques that utilize real-time geographical data through electronic devices to provide information and security. They employ various technologies such as Wi-Fi, wireless local area network (WLAN), Bluetooth, miniaturized mechanical and electromechanical elements (MEMS), and hybrid technologies to locate the position of an object in an enclosed space. Organizations utilize indoor LBS to increase and enhance consumer interaction and experience. It offers numerous reports to the enterprise at an economical cost, which aids in managing daily operations in an effective and efficient manner. As a result, indoor LBS is widely applied inside retail stores, hospitals, shopping malls, offices, and universities.
The increasing penetration of smartphones and easy availability of high-speed mobile broadband networks are some of the major factors driving the indoor LBS market in Europe. This is further supported by the advent of digitalization and the widespread adoption of virtual private networks (VPNs) in the region. Additionally, indoor LBS is extensively being employed in the banking and finance sector through the installation of indoor vending machines that aid in cashless payments, digital signage, and voice recognition, which is supporting the market growth. Moreover, the integration of various technologies, such as cloud computing, artificial intelligence (AI), and big data analytics, are creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the Europe indoor LBS market report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on solution type, technology, application and vertical.
Breakup by Solution Type:
- Analytics and Insights
- Campaign Management
- Enterprise Services
- Location and Alerts
- Maps
- Proximity Beacons
- Others
- Automotive Services
- Consumer Services
- Location-based Advertising Services
- Precision Geo-targeting
- Secure Transactions and Redemptions
- Others
Breakup by 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.)
Breakup by Application:
- Monitoring
- Navigation
- Tracking
- Analytics
- Others
Breakup by Vertical:
- Retail
- Transportation and Logistics
- Media and Entertainment
- Healthcare and Life Sciences
- Government and Public Buildings
- Aerospace and Defense
- BFSI
- Others
Breakup by Country:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Billion |
Segment Coverage |
Solution Type, Technology, Application, Vertical, Country |
Countries Covered |
Germany, France, United Kingdom, Italy, Spain, Others |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the Europe indoor LBS market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Europe indoor LBS market?
- What are the key regional markets?
- What is the breakup of the market based on the solution type?
- What is the breakup of the market based on the technology?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the vertical?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the Europe indoor LBS market and who are the key players?
- What is the degree of competition in the industry?