“Technavio has been monitoring the indoor positioning and indoor navigation market and it is poised to grow by USD 15.78 bn during 2020-2024, progressing at a CAGR of about 33% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alphabet Inc., Apple Inc., Broadcom Inc., Cisco Systems Inc., HERE Technologies, Microsoft Corp., Nextome Srl, Qualcomm Inc., Samsung Electronics Co. Ltd., and Senion AB, are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.”
To learn more about the global trends impacting the future indoor positioning market, download the full report.