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Indoor Location Market Worth 23.13 Billion USD by 2021PUNE, India, October 28, 2016 /PRNewswire/ -- According to a new market research report "Indoor Location Market by Component (Technology, Software Tools, and Services), Application, End User (Transportation, Hospitality, Entertainment, Shopping, and Public Buildings), and Region - Global Forecast to 2021", published by MarketsandMarkets, the market size is estimated to grow from USD 4.72 Billion in 2016 to USD 23.13 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 37.4%. (Logo: http://photos.prnewswire.com/prnh/20160303/792302 ) Browse 61 market data Tables and 54 Figures spread through 131 Pages and in-depth TOC on "Indoor Location Market" http://www.marketsandmarkets.com/Market-Reports/indoor-positioning-navigation-ipin-market-989.html The major forces driving this market are increased usage of smartphones, inefficiency of GPS technology in indoor premises, and reliable assistance to governments for ensuring public safety. The growing trend of digitalization, usage of smartphones with innovative mobile applications, mobile commerce, and technological advancements are contributing to the growth of the Indoor Location Market. The government concern to have better positioning technology for public safety and urban security segment are increasing the demand for indoor location solutions. Context accelerator software tools segment is expected to grow at the highest CAGR in the Indoor Location Market during the forecast period The adoption of context accelerator software tool is expected to grow at the highest CAGR during the forecast period as it allows organizations to recognize their customers' location-based needs, while respecting their privacy too. This gives it the advantage to gain prominence in the Indoor Location Market offerings. The solution can also transform a specific location from a simple latitude and longitude to an essential actionable data layer of context. Professional services segment is expected to hold the largest market share in the Indoor Location Market and the current trend is expected to continue during the forecast perod Professional services are essential for the Indoor Location Market and include solutions provided by the service providers to boost the growth and awareness of indoor location technology for navigation and attracting customers to stores. The services segment is witnessing a faster adoption in the indoor location market. This is due to the fact that services are required to keep up with changing technology that may be used for further development in the indoor location software. Americas is expected to contribute the largest market share and Asia-Pacific (APAC) to grow at the highest rate Americas is expected to hold the largest market share and would dominate the indoor location technology, software tools, and service market from 2016 to 2021, owing to the increasing demand for new technologies such as 3D-based indoor positioning applications and information security. There are huge opportunities for chip manufacturers, telecommunication companies, handset manufacturers, and infrastructure providers in the space as more retail stores, multiplexes, universities, and airports are deploying these solutions for an enriched customer experience. The APAC region is expected to witness the highest growth rate during the forecast period as the existence of large population, developing technology, and affluence would contribute to the growth of indoor location in this region. Ask for Sample Pages @ http://www.marketsandmarkets.com/requestsample.asp?id=989 The major vendors in the Indoor Location Market include Apple Inc. (California, U.S.), Cisco System Inc. (California, U.S.), Google Inc. (California, U.S.), Microsoft Corporation (Washington, U.S.), and Qualcomm Technologies Inc. (California, U.S.). Browse Related Reports Location Analytics Market by Application, Component (Software and Services), Location (Indoor and Outdoor), Organization Size, Deployment Model (On-Premises and Hosted), Industry Vertical, and Region - Global Forecast to 2021 Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp About MarketsandMarkets MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. 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