MarketsandMarkets™ Predicts $31.4 Billion Indoor Location Market by 2029
Sheetal2314 Oct, 2024Technology
The Indoor Location Market is projected to grow from USD 11.9 billion in 2024 to USD 31.4 billion by 2029, at a CAGR of 21.4% during the forecast period, according to a new report by MarketsandMarkets™. The need for indoor location solutions is predicted to grow due to the rising number of applications powered by BLE tags and beacons. The availability of the increasing number of mobile devices and the quickly developing market of indoor positioning systems including navigation and asset tracking services.
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