Boston, MA -- (SBWIRE) -- 09/10/2015 -- Fast Market Research announces the availability of Technavio's new report "Global Indoor LBS Market 2015-2019" on their comprehensive research portal.
Indoor LBS are used to track the location of an object or people within a building or a specific location, such as a university campus. It has a very limited range; hence, it uses only short-range wireless networks such as Wi-Fi and WLAN. In addition, indoor LBS requires a high level of accuracy to locate the position of the object or device. Therefore, it uses positioning technologies based on Wi-Fi, WLAN, UWB, Bluetooth, AGPS, MEMS, and other hybrid technologies. Indoor LBS is primarily used in universities, hospitals, stadia, shopping malls, government offices, airports, museums, convention centers, hotels, resorts, and parking areas.
Get More Details on this Report and a Full Table of Contents at Global Indoor LBS Market 2015-2019
Technavio's analysts forecast the global indoor location-based services market to grow at a CAGR of 29.7 percent over the period 2014-2019.
The report analyst commented, "BLE beacons are used to provide micro location-based information to devices such as smartphones. They are more beneficial than traditional beacons. For instance, BLE beacons are more power efficient than a traditional beacon. The battery life of a BLE beacon is more than that of a traditional beacon. One of the best examples of BLE beacons is Apple's iBeacon, which was launched last year. It can detect iOS 7 and iOS 8 devices. The iBeacon is very helpful for the retail industry, as it simplifies payment options and at the same time helps in providing on-site offers. It is compatible with iOS devices, Android, and Windows phones."
According to the report, many new players are entering the market with newer technologies and innovations. More than 40,000 start-ups have been working in the LBS market. Most of them are less than three years old. Most of these start-ups are entering into the platform development and content development segment. Further, venture capital funding agencies are also providing them with the required funds. It is expected that the funding amount will increase by 200% for LBS providers by VC funding agencies in 2015-2016, than 2013-2014.
Further, the report states that though people have been using LBS, there is still a lack of awareness about indoor LBS services.
The key players in the Global Indoor LBS Market are Apple, Google, HERE and Micello while other prominent vendors include Beaconinside, ByteLight, Cisco, Fastmall.com, In Loco Media, IndoorAtlas, Insiteo, Locamate, LocusLabs, Meridian, Navisense, Navizon, NextNav, Nimble devices, Pointr, Qualcomm, Shopkick and Walkbase
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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