The global indoor location application platforms market size was US$ 6.1 billion in 2021. The global indoor location application platforms market is forecast to grow to US$ 34.9 billion by 2030 by registering a compound annual growth rate (CAGR) of 25.3% during the forecast period from 2022 to 2030.

Factors Influencing the Market

The market for indoor location application platforms is forecast to grow due to the growing digitalization of the workplace infrastructure. In addition, the rising number of applications powered by beacons and BLE labels will fuel the growth of the indoor location application platforms market during the study period.

The growing popularity of Point of Sale (PoS) devices, smartphones, connected devices, and location-based applications will surge the demand for indoor location application platforms.

The global indoor location application platform market is forecast to gain traction due to the favorable government initiatives towards smart cities and smart homes. In addition, the growing popularity of big data analytics across all industrial verticals will contribute to the growth of the market.

Concerns related to data security and privacy may limit the growth of the market.

The focus of industry players to expand product portfolio and innovative strategies will benefit the market in the coming years. For instance, Design Reactor (The CXApp), a central SaaS app platform, was acquired by Inpixon in May 2021. Through this partnership, the CXApp will allow businesses to offer custom-branded, location-aware employee apps which aim to benefit the employees by improving their workplace experience.

COVID-19 Impact Analysis

The wake of the COVID-19 pandemic surged the demand for innovative ways to tackle the situation. Most of the businesses allowed workers to work from home in order to operate efficiently even during the pandemic. Considering the scope, several indoor location solutions providers introduced innovative products in the market. For instance, Ubisense unveiled its new enterprise contact-tracing solution in May 2020, which aims to enhance the productivity of workers and reduce company downtime. Such advancements gained significant traction during the pandemic.

Even after the pandemic, various organizations are adopting these solutions to track employees' activities. All of these factors are forecast to benefit the market during the study period.

Regional Analysis

North America is forecast to dominate the indoor location application platforms market, followed by Asia-Pacific. North America is forecast to register the highest growth rate due to the growing penetration of advanced technologies across all industrial verticals. The growth of the Asia-Pacific indoor location application platforms market is attributed to the growing initiatives by the governments of China and India to establish smart city infrastructure. In addition, the growing popularity of IoT in connecting devices will positively influence the indoor location application platforms market. Furthermore, the increasing number of technological advancements in smartphones will contribute to the growth of the market.

Competitors in the Market

CARTO
Signify (Philips)
HERE Technologies
Esri (indoo.rs)
Phunware
Everbridge
Cloud4Wi
HPE (Aruba)
Cisco
Accenture
CenTrak
Orange Business Services
Favendo, Gozio Health
Purple
Pole Star
Inpixon
InnerSpace
Thoughwire
Other Prominent Players
Market Segmentation

The global indoor location application platforms market segmentation focuses on Product, End-User, Component, Technology, and Region.

By Product Type

Cloud-Based
Web-Based
By End-Users

SMEs
Large Enterprises
By Component

Hardware
Solution
Services
By Technology

Ultra-Wideband Technology
Bluetooth
Wi-Fi
Others
By Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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