GCC Indoor LBS Market Share by Manufacturers, Types and Current Scenario 2021-2025
The GCC Indoor LBS Market for is anticipated
to reach USD 1246 million by the end
2025, according to a new report released by Million Insights. In projected to attain a CAGR of 48.3% from 2017 to
2025. Rising adoption of 3D technology and increasing prevalence of
smartphones across the GCC region are anticipated to drive the market growth.
Moreover, emergence of cities like Dubai as famous tourist destination is
creating potential opportunities for indoor LBS to provide marketing and
promotional services to the customers. In addition, rising government
investments for providing internet connectivity across the GCC region is
anticipated to further propel the market growth from 2017 to 2025.
One of the biggest
challenges for the vendors or service providers in this industry is providing
accurate and real-time data to their consumers. Therefore, manufacturers are
adopting emerging technologies such as business intelligence (BI) and analytics
to cater to such challenges. The GIS technology enables tracking valuable
assets and navigating various locations through tables and smartphones. This
feature is projected to fuel the market growth in the forthcoming years.
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The segment of
proximity beacons is projected to attain the fastest growth over the forecast
period owing to its easy installation and affordability. In addition, these
services provide convenience to users who prefer to access information through
tablets and smartphones instead of reading the traditional signboards. These
factors are projected to fuel the market growth in the GCC region from 2017 to
2025.
To avoid the risks of
data breaching and misuse of valuable information, the GCC indoor LBS market
has certain security regulations. Thus, service providers need to follow
certain norms and regulations imposed for local governing bodies to avoid data
breaching and information misuse.
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 End-use Scope (Revenue, USD Thousand; 2014 - 2025)
• Aerospace & Defense
• BFSI
• IT & Telecommunication
• Energy & Power
• Government
• Healthcare
• Hospitality
• Retail
• Transportation & Logistics
• Others
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Market Report with TOC @ https://www.millioninsights.com/industry-reports/gcc-indoor-location-based-services-lbs-market
Further key findings from the report suggest:
• The segment of proximity
beacons is projected to grow at the fastest CAGR of 53.2% owing to its easy
installation and cost-effectiveness.
• The proximity
application segment is anticipated to grow at the fastest CAGR of 52.8% from
2017 to 2025.
• The retail end-use
segment is projected to attain the fastest CAGR of 52.9% from 2017 to 202
• Saudi Arabia held the
largest market share of more than 46% in 2016 owing to high gross domestic
product (GDP) of the country.
• Leading players in this industry are Cisco Systems Inc., Apple Inc., GloPos, HERE, Google Inc., iinside, Micello, Inc., IndoorAtlas Ltd., Microsoft Corp., Qualcomm Technologies Inc., Navizon Inc., Ruckus Wireless, Inc., Sprooki Pte Ltd., YOOSE Pte. Ltd., and Shopkick, Inc.
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