GCC Indoor LBS Market is estimated to reach USD 1,246.0
million by 2025, according to a new study by Grand View Research, Inc. The
introduction of connected smartphones by OEMs along with the rising number of
innovative applications is expected to drive industry growth over the forecast
period.
Indoor LBS uses a Geographical Information
System (GIS) technology to find locations & routes and obtain traffic
updates & navigation information. Moreover, they are used for attaining
information regarding local events, infotainment, and promotional campaigns.
The use of location-based services is expected to improve marketing
effectiveness, customer support, and service delivery.
Consumers using indoor location-based
services expect accurate and reliable real-time information. Services such as
location-based advertising are largely used in the GCC region, especially by
the retail sector. However, it is a challenging task for service providers to
offer real-time information. Analytics and business intelligence is extensively
used in location-based services.
The growing use of beacons for proximity
and tracking applications is expected to stimulate the growth of indoor LBS
market in the GCC region. The low cost of beacons enables their applications
across various end uses, such as retail, BFSI, energy & power, and
government, among others. Countries such as Saudi Arabia and UAE are
implementing indoor LBS through proximity beacons for retail marketing
applications.
The indoor LBS market in this region is
regulated by various security compliances to prevent the misuse of information.
Industry participants providing location-based information have to follow
standards laid down by local regulating agencies.
Full Research Report on GCC Indoor
Location-based Services (LBS) Market Analysis:
http://www.grandviewresearch.com/industry-analysis/gcc-indoor-location-based-services-lbs-market
http://www.grandviewresearch.com/industry-analysis/gcc-indoor-location-based-services-lbs-market
Further key findings from the study
suggest:
- The increase in adoption of smartphones in GCC countries has
stimulated the growth of indoor LBS market
- Proximity beacons are expected to be the fastest growing
product segment, registering a CAGR of 53.2% over the forecast period
- Growth in the retail sector in the GCC region has enabled the
implementation of location-based systems, thereby stimulating industry
growth in the region
- The use of location-based services for proximity application is
expected to witness a phenomenal growth, registering a CAGR of 52.8% over
the coming years
- Saudi Arabia acquired the largest market share and comprised
over 46% of the total GCC market. The growth can be attributed to the
rising infrastructure development in the region
- Key industry participants include Apple Inc., Cisco Systems
Inc., GloPos, Google Inc., HERE, iinside, IndoorAtlas Ltd., Micello, Inc.,
Microsoft Corporation, Navizon Inc., Qualcomm Technologies Inc., Ruckus
Wireless, Inc., Shopkick, Inc., Sprooki Pte Ltd., and YOOSE Pte. Ltd.,
among others
View
more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand
View Research has segmented the Global GCC Indoor LBS Market based on products,
technologies, applications, end uses, and countries:
GCC Indoor LBS Product Scope (Revenue,
USD Thousand; 2014 - 2025)
- Analytics and Insights
- Automotive Services
- Campaign Management
- Consumer Services
- Enterprise Services
- Location and Alerts
- Location-based Advertising Services
- Maps
- Precision Geo-targeting
- Proximity Beacons
- Secure Transactions and Redemptions
GCC Indoor LBS Technology Scope
(Revenue, USD Thousand; 2014 - 2025)
- Context Aware Technology
- Observed Time Difference of Arrival (OTDOA) and Enhanced
Observed Time Difference of Arrival (E-OTDOA)
- Radio Frequency Identification (RFID) and Near Field
Communication (NFC)
- Satellite, Microwave, and Infrared Sensing
- Wi-Fi/WLAN, UWB, BT/BLE, Beacons, and A-GPS
GCC Indoor LBS Application Scope (Revenue,
USD Thousand; 2014 - 2025)
- Monitoring
- Navigation
- Proximity
- Tracking
- Others
GCC Indoor LBS End-use Scope (Revenue,
USD Thousand; 2014 - 2025)
- Aerospace & Defense
- BFSI
- IT & Telecommunication
- Energy & Power
- Government
- Healthcare
- Hospitality
- Retail
- Transportation & Logistics
- Others
GCC Indoor LBS Country Scope (Revenue,
USD Thousand; 2014 - 2025)
- Bahrain
- Kuwait
- Oman
- Qatar
- Saudi Arabia
- UAE
View Press Release Of This Report by
Grand View Research: http://www.grandviewresearch.com/press-release/gcc-indoor-location-based-services-lbs-market-analysis
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For more Information visit: www.grandviewresearch.com
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