Report ID: UCMIR45F2066
Report ID:
UCMIR45F2066 |
Region:
Regional |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2016, the market size for GCC indoor location-based services (LBS) reached a valuation of USD 46,171.2 thousand. This growth can be attributed to several factors, including the increasing adoption of mobile devices, advancements in indoor positioning technologies, and the rising demand for personalized and context-aware services. With the continuous development of infrastructure, the expansion of the retail and hospitality sectors, and the growing focus on enhancing customer experiences, the GCC indoor LBS market is expected to gain traction over the forecast period, providing businesses with opportunities to deliver targeted and location-specific services to their customers, ultimately improving engagement and satisfaction levels.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Systems Software by segment aggregation, the contribution of the Systems Software in Software & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIR45F2066