Andrea Alms Video:  Money In Motion 12 The Future Of The Indoor Location Market

Transcript:

Hello. My name is Andrea Alms and I am technology investor and financial manager. And this is your money in motion. Imagine I was asked about my new app to find the exact location of my hair product and store product while I was still in my car five miles away. Well, that is the power of indoor geolocation, indoor positioning and indoor navigation. Eye pen is a system that provides a central platform to detect and track the global location of assets and personnel throughout the deployment of the wi fi technologies such as Bluetooth, low energy y fi, ultra wide bandwidth and others. It offers location, analytics, navigation, mapping, wayfinding, asset tracking and other solutions to end users. In addition, it provides better connectivity activity and quick access to precise locations in their location based services to deliver proximity marketing workflow optimization through asset and personnel tracking, enhanced indoor navigation and routing, which are expected to drive the growth for global indoor positioning and indoor navigation market. Furthermore, a rise in demand for these AI pen devices and solutions among various venues such as shopping malls, airports, hotels, hospitals, warehouses and other areas is anticipated to provide lucrative growth opportunities for global market during the forecast period, according to Ali report, the indoor global positioning indoor navigation is valued at 2.6 billion in 2017 and is projected to reach 43 billion by 2025. Growing at a compound average growth rate of 42%. Whilst in the Maxim Report sites, global indoor location market is expected to grow 63 billion by 2024 and from 5 billion in 2026 at an average compound growth rate of 43.2%. Yet another market in multibillion and double digit growth. As for a segment, let's review the global indoor positioning and indoor navigation market is segmented into component two to technology application, end user industry and region. In terms of components, the market is categorized into software, hardware services based on technology is divided into ultra bandwidth technology, Bluetooth, low energy, Wi-Fi and others. As you can see, Bluetooth low energy is expected to be the most lucrative segment of indoor positioning and indoor navigation market. In. On the next episode, let's check out the market players and competitive landscape. Thank you. This is your money, your money in motion.