GCC Indoor Location-based Services Market Size Is Growing Exponentially Owing To Increasing Adoption of 3D Technology And Growing Prevalence of Smartphones Till 2025 | Million Insights

GCC Indoor Location-based Services Market Size Is Growing Exponentially Owing To Increasing Adoption of 3D Technology And Growing Prevalence of Smartphones Till 2025 | Million Insights

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According to new report available with Million Insights, the GCC indoor LBS market is predicted to grow at 48.3% CAGR from 2017 to 2025, providing numerous opportunities for market players to invest in research and development of the market.

The GCC indoor location-based services market for is anticipated to reach USD 1246 million by the end 2025, according to a new report released by Million Insights. In projected to attain a CAGR of 48.3% from 2017 to 2025. Rising adoption of 3D technology and increasing prevalence of smartphones across the GCC region are anticipated to drive the market growth. Moreover, emergence of cities like Dubai as famous tourist destination is creating potential opportunities for indoor LBS to provide marketing and promotional services to the customers. In addition, rising government investments for providing internet connectivity across the GCC region is anticipated to further propel the market growth from 2017 to 2025.

One of the biggest challenges for the vendors or service providers in this industry is providing accurate and real-time data to their consumers. Therefore, manufacturers are adopting emerging technologies such as business intelligence (BI) and analytics to cater to such challenges. The GIS technology enables tracking valuable assets and navigating various locations through tables and smartphones. This feature is projected to fuel the market growth in the forthcoming years.

To download the sample PDF of “GCC Indoor LBS Market Report” please click here: https://www.millioninsights.com/industry-reports/gcc-indoor-location-based-services-lbs-market/request-sample

 

The segment of proximity beacons is projected to attain the fastest growth over the forecast period owing to its easy installation and affordability. In addition, these services provide convenience to users who prefer to access information through tablets and smartphones instead of reading the traditional signboards. These factors are projected to fuel the market growth in the GCC region from 2017 to 2025.

To avoid the risks of data breaching and misuse of valuable information, the GCC indoor LBS market has certain security regulations. Thus, service providers need to follow certain norms and regulations imposed for local governing bodies to avoid data breaching and information misuse.

To browse report summary & detailed TOC, please click the link below:  https://www.millioninsights.com/industry-reports/gcc-indoor-location-based-services-lbs-market