The Indoor Positioning and Navigation System (IPNS) industry is dynamic and fast growing, improving location-based services in confined environments. As more sectors use IPNS, corporations are using novel positioning techniques to gain market share.
Technology differentiation is a common IPNS tactic. Companies produce cutting-edge indoor positioning technology for accuracy and reliability. These firms spend in R&D to get a competitive edge and attract businesses and customers seeking the most innovative and effective indoor navigation systems. High-precision IPNS are developed by integrating BLE, Wi-Fi, and UWB technologies, giving firms a competitive edge.
Collaboration and partnerships are another market share positioning approach. To increase their reach and improve their products, IPNS companies value solid collaborations. IPNS suppliers integrate their solutions smoothly into ecosystems by working with smartphone manufacturers, building management systems, and software developers. Companies may reach new customers and gain a competitive edge by delivering full and integrated indoor navigation solutions through partnerships.
Customization and scalability are crucial to IPNS market positioning strategy. Successful organizations in this industry produce adaptable, customised solutions since various sectors have varied demands. Companies offering personalized IPNS solutions portray themselves as flexible partners who can meet different customer objectives, whether it's a huge retail mall, healthcare institution, or manufacturing complex. As organizations develop, indoor positioning solutions must be scalable.
Pricing tactics are crucial to IPNS market share positioning. Companies use subscription-based, one-time licensing, or freemium pricing methods depending on their target clients and market positioning. Affordability and value must be balanced to attract a wide client base and sustain income. Trial periods or pilot programs let potential consumers try the advantages, influencing their choice.
In the competitive IPNS industry, efficient marketing and branding initiatives help gain market share. Companies spend money on brand identities that reflect reliability, innovation, and consumer happiness. Digital marketing, content production, and industry events raise awareness and build market reputation. A strong brand message differentiates organizations and builds client loyalty, strengthening their market position.
For IPNS firms, compliance with industry norms and regulations is vital. Conforming to standards assures indoor positioning system quality and dependability and builds consumer trust. Given location data's sensitivity, privacy restrictions are crucial. Security and privacy in solutions provide companies an edge in the developing indoor navigation market and make them trustworthy partners.
Report Attribute/Metric | Details |
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Market Opportunities | connected devices and location-based applications among customers |
Indoor positioning and navigation (IPN) system is becoming a major segment of position-awareness technology. MRFR reports that the indoor positioning and navigation system market value will surpass USD 92.36 Billion by the year 2030.
All these prominent key players play a major role in the dynamics and growth of the IPN market. Companies opt for many techniques to widen their customer base. These techniques mainly include new production processes, collaborations, joint ventures, establishments, mergers, acquisitions, etc. All these strategies are opted to get the needs of customers and develop a strong potential growth base.
Cisco acquired privately held monitoring Greece company Code BGP in August 2023. Cisco ThousandEyes could increase its BGP monitoring capabilities and have a global authoritative view of Internet Health by leveraging some of the best BGP minds from Code BGP.
According to Mapsted’s June 2023 blog, indoor mapping in hospitals can help management move around faster and streamline patient care. The aim of IoT in the healthcare industry is to improve the overall healthcare experience through means such as indoor mapping & wayfinding for hospitals.
Apple officially announced its Apple Business Connect platform in January 2023. A new feature has been added to Apple Maps. Apple Business Connect: Key information like business hours and location, photos, logos, special offers or promotions etc., will now be editable by business owners on the platform.
Inpixon entered into a distribution agreement with Schauenburg Systems, which is an OEM for mine safety systems and equipment, to sell Inpizon's real-time location technologies to mining companies in South Africa in March 2023. The parties under the deal are expecting sales volumes that include hundreds of thousands of nanoLOC chips together with other core technologies provided by Inpixon for real-time tracking, collision avoidance and proximity applications within the mining sector.
Phunware’s Multiscreen-as-a-Service (MaaS) Location-based Services (LBS) app was launched on Cisco Meraki’s Meraki Marketplace back in February 2022. Phunware is a mobile-first, fully integrated enterprise cloud platform that offers world-leading products, solutions, data and services to global organizations across industries.
Google and Apple announced their collaboration in April 2022, where they would leverage Bluetooth technology to support governments’ efforts along with health providers' fight against the COVID-19 pandemic. This opened up possibilities for a wider Bluetooth-based contact tracing platform.
The CXApp was bought by Inpixon along with its outstanding capital stock because it was one of the most popular SaaS app platforms in May 2022. The CXApp allows businesses to deploy a custom-branded, location-aware employee app that enhances the workplace experience and is used for hosting virtual & hybrid events. The transaction would result in increased revenues and profitability.
In the global IPN market research report, there are major factors that drive the growth of the market. The report consists of opportunities that may further in the future and hands the global market of IPN. Various factors restrain the growth of IPN and hamper the development of such a fine-based market. The research report also consists of various analyses based on Covid 19 impact market dynamics, different segmentations, regional analysis, and the IPN market. The CAGR and future value are also discussed and mentioned in this research report. With that being said, Indoor positioning and navigation (IPN) system is becoming a major segment of position-awareness technology. MRFR reports that the indoor positioning and navigation system market value will surpass USD 24 Bn by the year 2023.
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