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Global indoor LBS market: 40% CAGR estimated between 2012-16
Global Indoor LBS Market 2012-2016 - a new market research report on 2014-04-17 04:55:03
The Global Indoor Location-based Service (LBS) market is to grow at a CAGR of 40.05 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing adoption of local area networks. The Global Indoor LBS market has also been witnessing the increasing deployment of indoor LBS solutions in universities. However, the low-level accuracy of search and navigation information could pose a challenge to the growth of this market.

The demand for indoor LBS among universities across the world is increasing very rapidly in recent years. Many universities in the developed nations are deploying indoor LBS solutions for student and location tracking. Since most of the university campuses contain multiple buildings and areas with significance, it is difficult for students or people to locate the desired location accurately. Moreover, the indoor LBS applications help the students and users to locate various departments, classrooms, and other places of interest such as libraries and cafeterias accurately. In addition, it also helps the universities to track the students inside their campus. Further, the wireless local area network deployed by the universities enables them to use indoor LBS in their campus. Thus, the increasing usage of indoor LBS in universities is an emerging trend being witnessed in the market.

One of the main drivers in this market is the increasing adoption of local area networks for the positioning of objects and people. Therefore, the deployment of local area networks such as Wi-Fi and WLAN in important buildings is increasing. This is mainly due to the availability of high-speed mobile broadband networks and the decreasing deployment cost. In addition, most of the business organizations and university campuses are adopting private networks for their data security and to provide seamless connections to their employees and students.

One of the major challenges in this market is the lack of reliability and accuracy of searched and navigated information. The accuracy of real-time location-based search results is measured by the relevance of the information provided by the location-based search providers. However, due to the lack of accurate positioning technologies, users fail to locate the target´s position accurately.

The key vendors dominating this space include Apple Inc., Google Inc., Micello Inc., Navteq Corp., Shopkick Inc., and Telecommunication System Inc.

The other vendors mentioned are aisle411 Inc., Broadcom Corp., CommScope Inc., CSR plc, Ericsson,, GloPos, Indoor Atlas, Insiteo, Meridian Group International Inc., Navizon Inc., NextNav LLC, Path Intelligence Ltd., Polaris Wireless Inc., Polestar Ltd., Qualcomm Inc., Qubulus AB, Skyhook Wireless Inc., SonicNotify Inc., Walkbase Ltd., WiFiSlam Inc., and WirelessWERX.

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