Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 33 Billion | USD 196 Billion | 19.5% | 2024 |
FrequentlyAsked Questions
Micro-location technology allows one to find anything, a person, or a piece of equipment inside a facility. Among other communication technologies, micro-location technology tracks the location via Bluetooth, Beacon, WIFI, and Near Field Communications (NFC).
The micro-location technology market is driven by several factors such as rising demand for indoor navigation & asset tracking, growth in retail & customer engagement, advancements in IoT & smart buildings, increasing adoption in healthcare & logistics, and others.
According to the report, the global micro-location technology market size was worth around USD 33 billion in 2024 and is predicted to grow to around USD 196 billion by 2034.
The global micro-location technology market is expected to grow at a CAGR of 19.5% during the forecast period.
The global micro-location technology market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market due to the presence of major players and an increasing demand from several industries.
The global micro-location technology market is dominated by players like Zebra Technologies, IndoorAtlas, Samsung, Navisens, Apple, Resilience, Wayfindr, Mapsted, Locatify, Sonosight, Senion, Estimote, Google, HERE Technologies, Humatics Corporation, Siemens AG, Cisco Systems Inc, Ruckus Networks, Ubisense Group, Estimote, Centrak, Aruba Networks, and Camco Technologies, among others.
The micro-location technology market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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