The United States indoor location-based services (LBS) market size reached US$ 5.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 22.0 Billion by 2032, exhibiting a growth rate (CAGR) of 15.45% during 2024-2032.
Report Attribute
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Key Statistics
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Base Year
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2023 |
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023 | US$ 5.8 Billion |
Market Forecast in 2032 | US$ 22.0 Billion |
Market Growth Rate (2024-2032) | 15.45% |
Indoor location-based services (LBSs) are technological solutions used to locate objects or people within an enclosed space. This technology leverages internal sensors placed in smart devices to calculate the actual indoor position of the object through complex mathematical algorithms. Indoor LBS employs various advanced technologies, such as indoor positioning system (IPS), cellular, Wi-Fi, and global positioning system (GPS) to gather geodata in real-time and provide a smoother user experience. Consequently, indoor LBS is widely employed in several enclosed spaces, such as shopping malls, airports, and hospitals.
One of the key factors driving the United States indoor LBS market growth is the increasing adoption of these technologies by various organizations to track real-time data of employees and review their progress to optimize work processes. Additionally, the rising need for location-based marketing to understand consumer behavior across industries is strengthening the market growth. Moreover, growing significance of smart offices and the integration of connected devices with cloud computing, the Internet of Things (IoT), and artificial intelligence (AI) is creating a positive outlook for the market in the country. Other factors, such as the introduction of 5G technology, and the advent of industry 4.0, are contributing to the market growth.
IMARC Group provides an analysis of the key trends in each segment of the United States indoor LBS market report, along with forecasts at the country and regional levels from 2024-2032. Our report has categorized the market based on solution type, technology, application, and vertical.
Breakup by Solution Type:
Breakup by Technology:
Breakup by Application:
Breakup by Vertical:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Billion |
Segment Coverage | Solution Type, Technology, Application, Vertical, Region |
Region Covered | Northeast, Midwest, South, West |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |