The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
Europe indoor location-based services (LBS) market is currently witnessing robust growth. 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. On account of these factors, the market is expected to continue its robust growth during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe indoor LBS market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, solution type, technology, application and vertical.
Breakup by Solution Type:
Breakup by Technology:
Breakup by Application:
Breakup by Vertical:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at