Global Indoor Positioning and Indoor Navigation (IPIN) Market 2017-2021

Nextome was included for the second consecutive year in the report “(BUSINESS WIRE)–Research and Markets has announced the addition of the “Global Indoor Positioning And Indoor Navigation (IPIN) Market 2017-2021″ report to their offering.”

The analysts forecast the global IPIN market to grow at a CAGR of 58.90% during the period 2017-2021.

The report, Global IPIN Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

According to the report, one driver in market is declining cost of RFID tags. RFID tags are broadly used across different sectors (such as healthcare, transportation, retail, aviation, government, and public agencies) for asset tracking and workforce management. The tags help these sectors to enhance the efficiency and effectiveness of operations. The cost of RFID tags is declining due to the rapid adoption of this technology. Fierce competition among many of the vendors in the industry is also contributing to the declining costs. In 2014, the price of RFID tags had declined by 30%-40% when compared to their cost in 2012.

Source: Business Wire