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The Global Indoor Location Market size is expected to reach $58.0 billion by 2023, rising at a market growth of 42% CAGR during the forecast period. Tracking objects within an indoor environment is called as indoor location (or indoor localization). IPS (indoor positioning system) technology has the potential to track humans or objects within a company with the help of acoustic signals or radio waves gathered by handheld devices such as mobile phones. Growing connected devices and their adoption and demand for indoor location technology to enhance the lean automation and robotics processes have driven the growth of the market on a global scale. To monitor natural phenomena such as heat, pressure, humidity, and air pollution in a defined indoor space, the integration of multiple sensors are essential within the connected devices.
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Indoor Location Market - Indoor Location Market Size - Indoor Location Market Share - Indoor Location Market Trend - Indoor Location Market Growth.