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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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Indoor location-based services (LBS) are technological solutions utilized to track the location of users via a wireless network and location-enabled devices. These solutions are confined within small geographical perimeters and operate through various technologies, such as the global positioning system (GPS), Wi-Fi, wireless local area networks (WLAN), and microelectronic mechanical system (MEMS). Indoor LBS provides customized information to smartphone users regarding ongoing local events, in-store product search, nearby entertainment options, and promotional content. These properties make indoor LBS an ideal solution for the defense, healthcare, aerospace, transportation, retail, and hospitality industries.
The growth of the indoor LBS market in India is primarily being driven by the increasing penetration of smartphones, along with proliferating social media platforms in the country. Additionally, 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 is further contributing to the market growth. Moreover, the growing employment of indoor LBS across various industries to promote and track products is creating a positive outlook for the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the India indoor LBS market report, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on solution type, technology, application and vertical.
Breakup by Solution Type:
Breakup by Technology:
Breakup by Application:
Breakup by Vertical:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2021|
|Segment Coverage||Solution Type, Technology, Application, Vertical, Region|
|Region Covered||North India, West and Central India, East India, South India|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
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|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)|
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