U.S. Enterprise Indoor LBS Market Moves Forward with High Popularity of RTLS


Published Date : May 23, 2016

ALBANY, New York, May 23, 2016: MarketResearchReports.biz has added a new research report to its large collection of industry intelligence for the U.S. ICT markets. The report, titled “Enterprise Indoor LBS Market In The US 2016-2020,” explains what the future of this market will be till 2020. The report adds methodical and calculative features that make use of current market values and market trends to create an accurate portrait for the forecast period of the U.S. enterprise indoor location-based services market.

Location-based services make use of a geographic information system, which can read, store, and modify spatial data. The LBS can merge the GIS with an Internet connection – usually given to the LBS through Wi-Fi – and then track the location of any object or user within its own wireless network. The systems uses an array of location-enabled mobile devices that are connected to the LBS. There are also the user-initiated LBS, where the systems needs the permission and the Internet connection of the users to track their location and offer specific search results.

Indoor LBS is confined to a limited area, usually inside a building or an enclosed space, within which it can easily track any object connected to the system. LBS usually use only Wi-Fi networks due to their need for a high level of accuracy within a limited space.

Apart from Wi-Fi connectivity, other networking options used in an LBS are multiple hybrid technologies, including micro electrical mechanical systems, assisted global positioning systems, Bluetooth systems, Ultra-wide band, and the wireless local area network.

According to the report, the U.S. enterprise indoor LBS market will progress at a robust CAGR of 47.58% within the forecast period of 2016 to 2020. This phenomenal growth rate has been largely attributed to the rapidly growing popularity of real time location systems, or RTLS. RTLS can automatically track or identify an object location within a contained area, in real time. The speed of tracking and identification that RTLS provide is extremely beneficial to several industries.

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However, the U.S. enterprise indoor LBS market is still being hampered by the growing concerns over security and privacy. As time progresses, the report expects these concerns to be answered using advanced technologies and encryption systems.

Another market trend spotted by the report analysts is the growing use of beacons for quicker tracking.

The report pays special attention to the key players in the U.S. enterprise indoor LBS market. This list includes Comtech Telecommunications, Shopkick (SK Telecom), Micello, HERE, Google, and Apple Inc. Additionally, the report also outlines the player profiles of other prominent companies in the U.S. enterprise indoor LBS market, including Accuware, Cisco, NextWav, TomTom, Social Retail, Polaris Wireless, Broadcom, and Pole Star.

The report thus covers the U.S. enterprise indoor LBS market in terms of its regional, competitive, and technological landscapes. It provides predictions for each aspect over the given forecast period along with inputs from industry experts.

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