The report forecasts the enterprise indoor LBS market in the US to grow at a CAGR of 47.58% during the period 2016-2020.
LBS uses GIS technology and the Internet to track the location of users within a wireless network using location-enabled mobile devices. User-initiated LBS requires an Internet connection to obtain a user’s location and provide search results
The growth of the enterprise indoor LBS market in the US is driven by the increased adoption of beacons in banks, retail outlets, restaurants, shopping complexes, and hospitals. The early deployment of high-speed networks such as LTE and LTE-A and the availability of WLAN and Wi-Fi networks in hospitals, auditoriums, airports, and shopping complexes will also drive the growth of the market.
According to the report, the growing popularity of real-time location system (RTLS) for asset and fleet tracking in hospitals and warehouses is driving the market for LBS in the US. Increased use of beacons and contextual computing are major trends prevailing in the market. Beacons are used to maximize the effectiveness of indoor maps, payment services, and other location-sensitive product catalogs.
Further, the report states that most indoor LBS solutions are hosted on open platforms to allow easy sharing of information. This makes the personal information of customers vulnerable to misuse and generates a significant amount of spam content.
Key questions answered in this report:
What will the market size be in 2020 and what will the growth rate be? What are the key market trends? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors?
Apple Google HERE Micello shopkick (SK Telecom) Comtech Telecommunications
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market drivers
PART 07: Impact of drivers
PART 08: Market challenges
PART 09: Impact of drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Comtech Telecommunications
For more information visit http://www.researchandmarkets.com/research/3s5zxz/enterprise_indoor
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/enterprise-indoor-lbs-market-in-the-us-2016-2020—increased-popularity-of-rtls—research-and-markets-300267061.html
SOURCE Research and Markets