Indoor Positioning And Indoor Navigation (Ipin) Market research is provided on all the vital factors such as consumer needs and trends those will create significant impact on the present and future market situations. Indoor Positioning And Indoor Navigation (Ipin) Market report will help buyer to minimize the decision associated risks and to create results driven business strategies.
The report starts with terms and definitions associated with Indoor Positioning And Indoor Navigation (Ipin) market. It slowly advances towards the past situations and their analysis. This analysis along with current situations provides necessary base to understand how market have evolved and achieved growth.
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Next part of the Indoor Positioning And Indoor Navigation (Ipin) market report focuses on the key vendors operating in this industry categorized based on their focus on regions, product segments, product portfolio, organizational development etc. The report provides such analysis of
- Beaconinside and many more.
The year-over-year growth pattern is also discussed in depth. Similarly, the report also presents analysis of Indoor Positioning And Indoor Navigation (Ipin) Market Ecosystem, Characteristics, Segmentations by geography as well as by product and applications. Regional comparison between the major regions viz. Americas, APAC, EMEA are also explained which point outs the leading countries or regions.
Further report provides attention to the present Indoor Positioning And Indoor Navigation (Ipin) market drivers, challenges, trends, and opportunities along with their impact on the market which are decisive parameters for product and business strategies.
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Indoor Positioning And Indoor Navigation (Ipin) Market driver
One driver in market is declining cost of RFID tags. RFID tags are broadly used across different sectors (such as healthcare, transportation, retail, aviation, government, and public agencies) for asset tracking and workforce management. The tags help these sectors to enhance the efficiency and effectiveness of operations. The cost of RFID tags is declining due to the rapid adoption of this technology. Fierce competition among many of the vendors in the industry is also contributing to the declining costs. In 2014, the price of RFID tags had declined by 30%-40% when compared to their cost in 2012. In 2015, the price of active RFID tags was in between $15 to $20. In addition, the cost of active RFID tags would range from $20 to more than $100 depending on its key functional features as well as the tag’s ability to resist critical conditions in the healthcare, public safety, sports, transportation and logistics, and other sectors. Passive RFID inlays (such as dry inlays, wet inlays, and paper face tags) were priced low at $0.12 per tag for high volumes. However, the price of the tags does not affect their performance. When the demand is in bulk, the buyer gets more concessions. Therefore, the rapid decline in the cost of RFID tags encourages more SMEs and hospitals to implement IPIN solutions for different applications.
Indoor Positioning And Indoor Navigation (Ipin) Market challenge
one challenge in market is lack of awareness about IPIN technology. The popularity of IPIN technology is confined to the most advanced geographical regions including the Americas, EMEA, and a few nations in APAC. This pathbreaking technology has gained momentum only after its implementation in the retail stores, hospitals, and airports. Companies are coming up with partnership strategies to increase awareness about IPIN in Asia and deliver this technology to end-users. Singapore startups Sprooki and YFind Technologies have entered into a partnership that allows merchants to be more focused toward offering location-based promotions to consumers. The use of IPIN technology in military applications is yet to be explored.
Indoor Positioning And Indoor Navigation (Ipin) Market trend
One trend in market is increasing use of iBeacon for businesses. iBeacon adds a touch of novelty to traditional shopping using Bluetooth technology as BLE is designed to support contextually aware applications. Beacon’s micro-location capability aids seamless navigation and provides two-way communication. Beacon technology plays a vital role in IoT and M2M, which has a significant impact on the consumers by creating seamless user experience at a low cost. Beacons can capture the user’s reach to deliver innovative and transformative experiences. It has applications in museums, banking (ATMs), public transport, logistics, and manufacturing units. In retail, iBeacon is used to get in-store navigation, product details, contactless payments, and for proximity marketing and recommendations
Indoor Positioning And Indoor Navigation (Ipin) Market report also includes five forces analysis and SWOT analysis which are effective to analyse the market situations and to know your competitive advantage over other players. It is also well-known tool used to analyze and improve the weakness in your business to achieve both stronger and profitable market position in the Indoor Positioning And Indoor Navigation (Ipin) market.
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