Market Insights:
The GCC Indoor Location-based Services (LBS) Market was valued at USD 1.2 Bn in 2021, at CAGR of 24.9% during the forecast period (2022-2030), and the Market is projected to be worth USD 8.9 Bn by 2030.
Driver:
The increased adoption of GCC Indoor Location-based Services (LBS) in the Next Generation industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for GCC Indoor Location-based Services (LBS) also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of GCC Indoor Location-based Services (LBS) in many sectors also boosts the market growth during the forecast period.
Indoor location-based services provided by the GCC (Gulf Corporation Council) give information about specific areas as well as numerous offers for hotels, shops, and retailers. Furthermore, the existence of well-developed infrastructure in the GCC area, such as malls, parks, colleges, and skyscrapers, as well as the growth of countries such as Saudi Arabia and Dubai as popular tourist destinations, are expected to drive demand for indoor LBS from 2017 to 2025.
GCC Indoor Location-based Services (LBS) Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Product (Analytics and Insights, Automotive Services, Campaign Management, Consumer Services, Enterprise Services, Location and Alerts, -Location-based Advertising Services, Maps, Precision Geo-targeting, Proximity Beacons, Secure Transactions and Redemptions), application Security (Monitoring, Navigation, Proximity, Tracking, Others), By End Use (Aerospace & Defence, BFSI, IT & Telecommunication, Energy & Power, Government, Healthcare, Hospitality, Retail, Transportation & Logistics, Others) and companies (Navizon Inc., Qualcomm Technologies Inc., Ruckus Wireless, Inc., Shopkick, Inc., Sprooki Pte Ltd., and YOOSE Pte. Ltd., Apple Inc., Cisco Systems Inc., GloPos, Google Inc., HERE, inside, IndoorAtlas Ltd., Micello, Inc., Microsoft Corp.), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 24.9%, over the forecast period of 2022–2030.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2018-2030 |
| Market Size in 2030 (USD Billion) | 8.9 Billion |
| CAGR (2022-2030) | 24.9% |
| By Product | Analytics and Insights, Automotive Services, Campaign Management, Consumer Services, Enterprise Services, Location and Alerts, -Location-based Advertising Services, Maps, Precision Geo-targeting, Proximity Beacons, Secure Transactions and Redemptions. |
| By Technology Security | Context-Aware Technology, Observed Time Difference of Arrival (OTDOA) and Enhanced Observed Time Difference of Arrival (E-OTDOA), Radio Frequency Identification (RFID) and Near Field Communication (NFC), Satellite, Microwave and Infrared Sensing, Wi-Fi/WLAN, UWB, BT/BLE, Beacons, and A-GPS. |
| By Application Security | Monitoring, Navigation, Proximity, Tracking, Others. |
| By End-use | Aerospace & Defence, BFSI, IT & Telecommunication, Energy & Power, Government, Healthcare, Hospitality, Retail, Transportation & Logistics, Others. |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Navizon Inc., Qualcomm Technologies Inc., Ruckus Wireless, Inc., Shopkick, Inc., Sprooki Pte Ltd., and YOOSE Pte. Ltd., Apple Inc., Cisco Systems Inc., GloPos, Google Inc., HERE, inside, IndoorAtlas Ltd., Micello, Inc., Microsoft Corp. |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the GCC Indoor Location-based Services (LBS) market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Navizon Inc., Qualcomm Technologies Inc., Ruckus Wireless, Inc., Shopkick, Inc., Sprooki Pte Ltd., and YOOSE Pte. Ltd., Apple Inc., Cisco Systems Inc., GloPos, Google Inc., HERE, inside, IndoorAtlas Ltd., Micello, Inc., Microsoft Corp.
Market Segment Analysis:
Product
- Analytics and Insights
- Automotive Services
- Campaign Management
- Consumer Services
- Enterprise Services
- Location and Alerts
- Location-based Advertising Services
- Maps
- Precision Geo-targeting
- Proximity Beacons
- Secure Transactions and Redemptions
Technology Security
- Context-Aware Technology
- Observed Time Difference of Arrival (OTDOA) and Enhanced Observed Time Difference of Arrival (E-OTDOA)
- Radio Frequency Identification (RFID) and Near Field Communication (NFC)
- Satellite, Microwave and Infrared Sensing
- Wi-Fi/WLAN, UWB, BT/BLE, Beacons, and A-GPS
Application Security
- Monitoring
- Navigation
- Proximity
- Tracking
- Others
By End-use
- Aerospace & Defence
- BFSI
- IT & Telecommunication
- Energy & Power
- Government
- Healthcare
- Hospitality
- Retail
- Transportation & Logistics
- Others
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of GCC Indoor Location-based Services (LBS) industries in the region.
Key GCC Indoor Location-based Services (LBS) Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global GCC Indoor Location-based Services (LBS) Market segments.
– Largest Market Share Held by Industry to Industry for GCC Indoor Location-based Services (LBS)
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the GCC Indoor Location-based Services (LBS) Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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