Enterprise Indoor Location-based Services Market size in the US to grow by USD 25,831.89 million from 2022 to 2027

The enterprise indoor location-based services market in the US size is set to grow by USD 25,831.89 million from 2022 to 2027 and register a CAGR of 47.45%, according to Technavio's latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by way of synthesis, and summation of data from multiple sources. Technavio offers an up-to-date analysis of the current global market scenario and the overall market environment. View Sample Report

Factors such as proximity marketing, improved indoor navigation, and asset tracking will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. The enterprise indoor location-based services market in the US is fragmented, and the degree of fragmentation will accelerate during the forecast period.

The market share growth by the RFID segment will be significant for overall market growth during the forecast period. RFID technology uses radio waves to wirelessly transmit important data such as serial numbers. Active RFID tags communicate on a variety of frequencies, which include 125 kHz, 13.56 MHz, 433 MHz, 900 MHz, 2.4 GHz, and 5 GHz. RFID is a new location-based technology to track the movement of objects and people, with inherent advantages including high accuracy and low maintenance costs. RFID can be broadly divided into passive RFID and active RFID. Hence, such factors drive segment growth during the forecast period.