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Key Opportunities for Market Players in Indoor Location Based Service and Forecast the Future for the Period By 2030 By Zaraki Kenpachi - July 8, 2021
Indoor Location Based Service Market: Introduction The global indoor location based service market is anticipated to reach a value of US$ 19.3 Bn by 2030. The indoor location based service market is projected to expand at a CAGR of ~10% from 2020 to 2030 in terms of revenue. The growth of the indoor location based service market is due to rising use of locationbased services for promotional applications and increasing penetration of connected devices such as smartphones, tablets, and notepads, which, in turn, have triggered growth of the market globally. During the forecast period, North America is anticipated to emerge as a leading indoor location based service market, followed by Europe and Asia Pacific. Get sample copy of at: https://www.transparencymarketresearch.com/sample/sample.php? flag=S&rep_id=51645 Rising Emphasis on Consumer Preference and Consumer Behavior Consumer preference is significant across the globe. The trend has shifted from a seller oriented to a customer oriented market, with enhanced focus on customization & personalization of products according to needs and wants of customers. According to a survey conducted by Oracle Corporation, nearly 85% of the people who were part of the survey (across the globe) think that indoor location based service is important for industries to sustain in this competitive era. Indoor location based service could help industries to increase revenue and optimize the operations by providing the right product to the right person at the right time. The shift in trend to provide better products and enhance customer satisfaction is driving the indoor location based service market. The impact of this driver is expected to be high.