Global Indoor location market size is estimated to grow from USD 7.0 billion in 2021 to USD 19.7 billion by 2026
Various factors such as the proliferation of smartphones, connected devices, and location-based applications among customers, increased number of applications powered by beacons and BLE tags, and the growing integration of beacons in cameras, LED lightings, PoS devices, and digital signage are driving the adoption of the indoor location and services market across the globe.
The pandemic has affected the indoor location market, but companies are still leveraging indoor location solutions and hardware for facility management, virus tracking, people tracking and management, and smart quarantining. Governments and private companies across verticals are adopting indoor location solutions to keep citizens indoors and to track them.
For instance, Inpixon is offering its location-based technology applications and services without additional costs or at reduced rates (depending on the solution) to healthcare providers and other organizations that are looking for solutions to assist in controlling the spread of the COVID-19 or in managing the impact of the pandemic to ensure the safety and well-being of citizens.
Quarantine and other enforced measures are intended to save lives by containing the spread of the virus. Once these restrictions are lifted, the pressure to restart business operations will increase. This, in turn, would bring along the risk of COVID-19-positive employees introducing the virus to the workplace, thus increasing the risk of infecting the workforce, endangering lives, and placing businesses under quarantine again.
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