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The United States indoor location-based services (LBS) market is currently witnessing robust growth. Indoor location-based services (LBSs) are technological solutions used to locate objects or people within an enclosed space. This technology leverages internal sensors placed in smart devices to calculate the actual indoor position of the object through complex mathematical algorithms. Indoor LBS employs various advanced technologies, such as indoor positioning system (IPS), cellular, Wi-Fi, and global positioning system (GPS) to gather geodata in real-time and provide a smoother user experience. Consequently, indoor LBS is widely employed in several enclosed spaces, such as shopping malls, airports, and hospitals.
One of the key factors driving the United States indoor LBS market growth is the increasing adoption of these technologies by various organizations to track real-time data of employees and review their progress to optimize work processes. Additionally, the rising need for location-based marketing to understand consumer behavior across industries is strengthening the market growth. Moreover, growing significance of smart offices and the integration of connected devices with cloud computing, the Internet of Things (IoT), and artificial intelligence (AI) is creating a positive outlook for the market in the country. Other factors, such as the introduction of 5G technology, and the advent of industry 4.0, are contributing to the market growth. 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 United States 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.
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
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