WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Website Related Online Marketing Tuesday, September 19, 2017 
Add Press Release News | News Feeds Feeds | Email This News Email

GCC Indoor LBS Market Worth $1,246.0 Million By 2025 | CAGR: 48.3%: Grand View Research, Inc.
Wednesday, September 13, 2017

SAN FRANCISCO, September 13, 2017 /PRNewswire/ --

The 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.

(Logo: )

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.

Browse full research report with TOC on "GCC Indoor Location-based Services (LBS) Market Analysis By Product, By Technology, By Application (Monitoring, Navigation, Proximity, Tracking), By End-use, By Country, And Segment Forecasts, 2014 - 2025" at: market [ ]

Further key findings from the report 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
        - 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

Browse related reports by Grand View Research: 

        - 3D/4D Technology Market -

        - Smart Buildings Market -

        - Functional Printing Market -

        - Commercial Airport Full Body Scanners Market -

Grand View Research has segmented the 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

Read Our Blog By Grand View Research:

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.

        Sherry James 
        Corporate Sales Specialist, USA 
        Grand View Research, Inc 
        Phone: +1-415-349-0058 
        Toll Free: 1-888-202-9519 




SOURCE Grand View Research, Inc.

Email This News Email | Submit To Slashdot Slashdot | Submit To Digg | Submit To | News Feeds Feeds

Nav Path Interactive Named The 2017 North America Winner Of Google's Display Innovation Award | Sep 19, 2017
Nav Telcoin announces investment by Mixi co-founder and East Ventures | Sep 19, 2017
Nav Don't Wait to Buy in the 20 Hottest Neighborhoods in the US | Sep 19, 2017
Nav Alzheimer Disease Markets, 2026: New Drugs, Markets and Companies - Profiles of 144 Companies with 92 Collaborations | Sep 19, 2017
Nav Optanix Names Mike Crest as CEO | Sep 19, 2017
Nav JMR Graphics Shares Vinyl Graphic Design Tips for Bus, Trailer, and Transit Wraps: How to Drive Big Results for Your Business | Sep 19, 2017
Nav Ibotta Launches New Performance Marketing Platform to Accelerate Traditional Retailers' Mobile Commerce Efforts | Sep 19, 2017
Nav As Innovative Video Marketing Escalates in China, Tangeche Becomes First Youku NIVA CPM Client, Powered by Mirriad Technology | Sep 19, 2017
Nav China NVH (System, Parts, Materials) Industry Report 2017-2021 Featuring 10 NVH Companies | Sep 19, 2017
Nav "Livin': From the Amsterdam Red Light to the African Bush" by Frankie Hogan Released | Sep 19, 2017

Submit News | View More News View More News