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Indoor Positioning And Indoor Navigation (IPIN) Market size is set to grow by USD 52.50 billion from 2023-2027, Low-cost BLE beacon technology to boost the market growth, Technavio

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NEW YORK, July 18, 2024 /PRNewswire/ — The global indoor positioning and indoor navigation (IPIN) market  size is estimated to grow by USD 52.50 billion from 2023-2027, according to Technavio. The market is estimated to grow at a CAGR of about 34.07%  during the forecast period. Low-cost ble beacon technology is driving market growth, with a trend towards ble-based beacons changing traditional retailing. However, issues related to standardization  poses a challenge. Key market players include Alphabet Inc., Apple Inc., bluepath AG, Broadcom Inc., Cisco Systems Inc., Esri, GiPStech Srl, HERE Global BV, IndoorAtlas Ltd., MazeMap AS, Microsoft Corp., Navigine Corp., Nextome Srl, Pinmicro K K, Pointr Ltd., Qualcomm Inc., Samsung Electronics Co. Ltd., Sensewhere Ltd., Spreo, and Verizon Communications Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2023-2027

Base Year

2022

Historic Data

2017 – 2021

Segment Covered

Application (Retail, Aviation, Healthcare, Manufacturing and logistics, and Government and public sector), Technology (Ultra wide-band (UWB) systems, WiFi-based systems, Proximity-based systems, and Others), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

Alphabet Inc., Apple Inc., bluepath AG, Broadcom Inc., Cisco Systems Inc., Esri, GiPStech Srl, HERE Global BV, IndoorAtlas Ltd., MazeMap AS, Microsoft Corp., Navigine Corp., Nextome Srl, Pinmicro K K, Pointr Ltd., Qualcomm Inc., Samsung Electronics Co. Ltd., Sensewhere Ltd., Spreo, and Verizon Communications Inc.

Key Market Trends Fueling Growth

Beacons are innovative tools that enable indoor positioning and navigation (IPIN), providing retailers with the ability to deliver precise location-based information to consumers. This results in enhanced shopping experiences, fostering a strong connection between customers and retailers through proximity marketing services. With consumers increasingly ignoring traditional marketing content, beacons offer retailers a unique opportunity to engage directly with their audience, cutting through the advertising clutter and delivering personalized, relevant content in real-time. 

Indoor Positioning and Indoor Navigation (IPIN) market is booming, driven by the adoption of beacons and signals for real-time messaging and identity tracking. This technology is transforming customer experiences in various sectors like train stations, airports, shopping malls, hotels, universities, hospitals, and more. Beacons enable route planning, customer targeting, and intermodal travel chain tracking for train authorities. Ultra-wideband technology ensures barrier-free routing for impaired people and asset tracking. IoT-enabled devices enable proximity marketing and privacy concerns are addressed through anonymized data usage. The services segment includes patient apps, navigation systems, and venue wayfinding. Seamless integration of IPIN with existing systems is key to success. Privacy concerns are addressed through clear communication and customer consent. Overall, IPIN offers significant benefits for businesses and consumers alike. 

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Market Challenges

Indoor Positioning and Indoor Navigation (IPIN) services are accessible on both Android and Apple smartphones. However, the performance and accuracy of these applications can vary significantly due to differences in Wi-Fi receivers, RAM, antenna, and processors among devices. This results in inconsistent data sampling rates, leading to multiple versions of the same app running on various phones. Pre-processing delays from third-party sensors also contribute to outdated data and app variants. Developers face challenges in addressing these inconsistencies and ensuring compatibility across devices. Despite these hurdles, the open-source OS technology allows for customized modifications and enhancements.Indoor Positioning and Indoor Navigation (IPIN) Market: Navigating the Future of Customer Experience The Indoor Positioning and Indoor Navigation (IPIN) Market is revolutionizing how we navigate and interact with various venues such as shopping malls, hotels, airports, universities, hospitals, and more. This market offers seamless integration of navigation systems, enabling customers to find their way around these venues with ease. However, challenges persist. Customer privacy concerns necessitate careful handling of location data. Proximity marketing opportunities arise, allowing businesses to engage customers with targeted offers. Routing within venues is essential for efficient asset tracking and navigation. Venues like malls, university premises, healthcare facilities, museums, and public spaces are adopting IPIN solutions. Hardware and software, including Ultra Wideband, Wi-Fi, Bluetooth Low Energy, and Bluetooth Beacons, power these systems. Navigation and maps, often accessed via smartphones, provide real-time location-based analytics. Services segments include logistics, warehouses, manufacturing, travel and hospitality, and electronic devices. Infrastructural advancements and location-based analytics are driving growth. Impaired people, hospitals, and electronic healthcare benefit significantly. The future of IPIN lies in continuous innovation, ensuring a seamless user experience.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This indoor positioning and indoor navigation (ipin) market report extensively covers market segmentation by

Application 1.1 Retail1.2 Aviation1.3 Healthcare1.4 Manufacturing and logistics1.5 Government and public sectorTechnology 2.1 Ultra wide-band (UWB) systems2.2 WiFi-based systems2.3 Proximity-based systems2.4 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Retail-  Indoor Positioning and Indoor Navigation (IPIN) technology, specifically beacons, are revolutionizing the retail sector by enhancing the customer experience. Upon entering a store or approaching a beacon device, these devices emit radio signals to locate consumers and update their information in the associated retailer app. Retailers can identify customers based on interests, location, and potential, enabling targeted marketing efforts. For instance, Meadowhall Shopping Centre in Sheffield, UK, uses beacons to offer discounts, deals, and prizes during Ladies Night events. The retail industry’s increasing adoption of beacons is projected to significantly grow the IPIN market. Beacons provide an engaging shopping experience by detecting smartphone devices and offering services based on customer preferences. They navigate customers to product locations, manage queues at payment counters, and suggest nearby stores offering preferred products or services with price and rating comparisons. The operational efficiency and personalized customer experience offered by IPIN technologies are essential for retailers in a rapidly innovating industry.

For more information on market segmentation with geographical analysis including forecast (2023-2027) and historic data (2017 – 2021)  – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global Navigation Satellite System (GNSS) market is witnessing robust growth due to advancements in satellite technology and increasing demand for precise navigation solutions. Meanwhile, the global Satellite Market is expanding rapidly, driven by the surge in communication, Earth observation, and scientific research satellites. In parallel, the global Air Traffic Management and Control Market is evolving with the integration of modern technologies to enhance airspace safety and efficiency, fueled by rising air travel demand and the need for better coordination of aircraft movements.

Research Analysis

Indoor Positioning and Indoor Navigation (IPIN) technology enables accurate location determination and real-time navigation within buildings and venues such as shopping malls, hotels, airports, university buildings, public spaces, healthcare facilities, museums, and more. It utilizes various technologies like Ultra Wideband, Wi-Fi, and Bluetooth Low Energy to provide proximity marketing, routing, and customer searches. IPIN enhances the customer experience by delivering relevant messages and offers based on their location and identity. It also ensures customer privacy by anonymizing data and providing secure signal transmission. Electronic devices like smartphones can be used as IPIN receivers, making it accessible and convenient for users. IPIN is transforming the way we navigate and interact with indoor environments, offering numerous benefits for businesses and consumers alike.

Market Research Overview

Indoor Positioning and Indoor Navigation (IPIN) is an emerging technology that enables accurate location determination and seamless navigation within buildings and venues. It utilizes various technologies such as Ultra Wideband, Wi-Fi, Bluetooth Low Energy, and Beacons to provide real-time navigation and location-based services. IPIN is gaining popularity in various industries including shopping malls, hotels, airports, universities, hospitals, and logistics and warehouses. IPIN offers several benefits such as proximity marketing, routing, asset tracking, and barrier-free routing for impaired people. It also provides navigation systems for electronic healthcare, manufacturing, travel and hospitality, and logistics and warehouses. The technology addresses privacy concerns by allowing users to control their identity and location data. IPIN software and hardware solutions integrate seamlessly with various electronic devices such as smartphones and GPS navigation systems. Infrastructural advancements and location-based analytics enable real-time messages, customer searches, and route planning. The technology also offers customer targeting and intermodal travel chain tracking for train stations and train authorities. IPIN services segment includes navigation and maps, healthcare, manufacturing, travel and hospitality, logistics and warehouses, and electronic devices. The technology is expected to continue growing due to the increasing demand for IoT-enabled devices and the need for efficient asset tracking and navigation in various industries.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationRetailAviationHealthcareManufacturing And LogisticsGovernment And Public SectorTechnologyUltra Wide-band (UWB) SystemsWiFi-based SystemsProximity-based SystemsOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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KNEX Technology CTO Gustavo Gonzalez Elected 2025 President-Elect of OATUG

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1 hour ago

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January 11, 2025

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Gustavo Gonzalez, KNEX Technology’s CTO, has been elected 2025 President-Elect of OATUG, emphasizing his dedication to Oracle innovation, collaboration, and leadership, including Ascend 2025’s strategic initiatives.

IRVINE, Calif., Jan. 10, 2025 /PRNewswire-PRWeb/ — KNEX Technology, a leading Oracle Cloud solutions provider, is proud to announce that its Chief Technology Officer, Gustavo Gonzalez, has been elected as the 2025 President-Elect of the Oracle Applications & Technology Users Group (OATUG). This esteemed appointment highlights Gonzalez’s longstanding commitment to advancing innovation and collaboration within the Oracle community.

OATUG has played a pivotal role in my professional growth, and it is a privilege to contribute to this community which has enriched my career. As President-Elect, I look forward to collaborating with my peers to strengthen the Oracle user community and further its impact on businesses worldwide.

In his new role, Gonzalez will work closely with the OATUG leadership team throughout 2025, preparing to serve as OATUG President in 2026. He will focus on empowering Oracle professionals worldwide by fostering knowledge-sharing, community engagement, and professional development. OATUG, a globally recognized organization, supports its members in overcoming challenges, enhancing the value of Oracle solutions, and driving organizational success.

“OATUG has played a pivotal role in my professional growth, and it is a privilege to contribute to this community which has enriched my career,” said Gustavo Gonzalez. “As President-Elect, I look forward to collaborating with my peers to strengthen the Oracle user community and further its impact on businesses worldwide.”

Gonzalez’s election underscores his dedication to giving back to the Oracle ecosystem. A key focus of his role will include shaping OATUG’s strategic initiatives, such as the annual Ascend Conference, which unites Oracle users, thought leaders, and technology innovators for unparalleled learning and networking opportunities.

The upcoming Ascend 2025 Conference, scheduled for June 8–11 in Orlando, Florida, promises to build on the success of the 2024 event, which attracted more than 1,800 attendees. With early bird registration now open, Gonzalez aims to ensure the conference continues to deliver transformative insights and experiences for the Oracle community.

About OATUG

The Oracle Applications & Technology Users Group (OATUG) is the premier global organization for Oracle users, providing year-round education, networking, and advocacy. OATUG empowers its members to unlock the full potential of Oracle solutions, fostering innovation and collaboration across industries.

About KNEX Technology

KNEX Technology is a trusted leader in Oracle Cloud solutions, delivering cutting-edge products and services to help businesses achieve their objectives. Through its innovative approach and customer-focused strategies, KNEX enables organizations to navigate the complexities of today’s technology landscape. For more information, visit www.knextech.com.

Media Contact

Husna Gyasi, KNEX Technology, 1 (949) 232-0786, husna.ghayaisi@knextech.com, https://knextech.com/

Twitter, LinkedIn

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SOURCE KNEX Technology

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Dr. Gerard van Belle Appointed Director of Science at Lowell Observatory, Charting a Bold Future for Research

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2 hours ago

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January 11, 2025

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Dr. van Belle to guide scientific exploration and foster innovation in the next era of astronomical research

FLAGSTAFF, Ariz., Jan. 10, 2025 /PRNewswire/ — Lowell Observatory is pleased to announce the appointment of Dr. Gerard van Belle as the new Director of Science. Van Belle, who has been an astronomer at the observatory since 2011, has been serving as the interim Director of Science.

In his new role, van Belle will lead a diverse team of astronomers and planetary scientists. He will spearhead the observatory’s new Science Vision, which focuses on advancing research capabilities and implementing cutting-edge technological improvements supporting Lowell’s leadership in astronomical research.

Under his leadership, the science department will continue to advance Lowell Observatory’s mission to pursue the study of astronomy, including the study of our solar system and its evolution, and to conduct pure research in astrophysical phenomena.

Van Belle’s own research focuses on fundamental stellar parameters, including the sizes, shapes, masses, distances, and temperatures of various types of stars. He is also renowned for his expertise in optical and near-infrared astronomical interferometry.

He earned his bachelor’s degree in physics from Whitman College in 1990, followed by a master’s degree from The Johns Hopkins University in 1993, and a Ph.D. in physics from the University of Wyoming in 1996.

Throughout his career, van Belle has been instrumental in the development and commissioning of major optical interferometers worldwide, including the Palomar Testbed Interferometer, the Keck Interferometer, and the Very Large Telescope Interferometer. His pioneering work in stellar surface imaging earned him the inaugural Edward Stone Award for Outstanding Research Publication at NASA’s Jet Propulsion Laboratory in 2002.

In 2011, van Belle joined Lowell Observatory’s science staff, where he applied high-resolution astronomical techniques to detect nearby exoplanets and map stellar surfaces. He served as the Director of the Navy Precision Optical Interferometer (NPOI) in Flagstaff, Arizona, from 2017 to 2018, and subsequently as its Chief Scientist until 2022.

Notably, van Belle was among the astronomers who voted against the definition of ‘planet’ advanced during the 2006 International Astronomical Union (IAU) conference in Prague, which relegated Pluto to being a ‘dwarf planet’ (which according to the IAU resolution is not a planet).

His extensive experience and dedication to advancing astronomical research make him a valuable leader for Lowell Observatory’s scientific endeavors.

“I am honored to take on this role at such a pivotal time for Lowell Observatory,” said van Belle. “Our Science Vision will guide us in exploring new frontiers in astronomy while strengthening our commitment to public engagement and education.”

Executive Director Dr. Amanda Bosh expressed her confidence in van Belle’s leadership: “Gerard’s extensive experience and dedication to our mission make him the ideal person to lead our scientific endeavors. I look forward to working closely with him as we embark on this exciting new chapter for Lowell Observatory.”

For more information about Lowell Observatory’s research and public programs, visit lowell.edu.

About Lowell Observatory
Founded in 1894, Lowell Observatory in Flagstaff, Arizona, is a renowned nonprofit research institution. It is the site of historic and groundbreaking discoveries, including the first evidence of the expanding universe and the discovery of Pluto. Today, Lowell’s astronomers utilize global ground-based and space telescopes, along with NASA spacecraft, for diverse astronomical and planetary science research. The observatory hosts more than 100,000 visitors annually for educational tours, presentations, and telescope viewing through a suite of world-class public telescopes.

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SOURCE Lowell Observatory

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ALTICE USA IS ABANDONING LOCAL SPORTS FANS AND IS KEEPING MSG NETWORKS AND ITS KNICKS, RANGERS, ISLANDERS AND DEVILS COVERAGE OFF THE AIR

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3 hours ago

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January 10, 2025

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NEW YORK, Jan. 10, 2025 /PRNewswire/ — MSG Networks released the following statement about their dispute with Altice USA:

“Altice USA has pulled their last proposal and walked away from negotiations to bring MSG Networks back to its Optimum subscribers. They also just dropped WPIX Channel 11 in New York and other local stations around the country. If you have been waiting, like we have, for them to do right by their customers – don’t wait any longer. Now is the time to switch to Verizon Fios who has a special offer for Optimum subscribers. Meanwhile, Optimum has been charging their over 1 million customers for local sports programming they have not been receiving and EVERY subscriber should be credited at least $10 a month.

Verizon Fios is ready to take your business. If you are not in Verizon Fios area, you can get games through these other providers DirecTV, DirecTV Stream, Fubo and The Gotham Sports App. For more options on how to switch providers, visit www.keepMSG.com.”

About MSG Networks

MSG Networks, a pioneer in sports media, owns and operates two award-winning regional sports and entertainment networks (MSG and MSG Sportsnet) and MSG+, a direct-to-consumer and authenticated streaming offering (included in the Gotham Sports App), that serve the nation’s number one media market, the New York DMA, as well as other portions of New York, New Jersey, Connecticut and Pennsylvania. The networks feature a wide range of compelling sports content, including exclusive live local games and other programming of the New York Knicks, New York Rangers, New York Islanders, New Jersey Devils and Buffalo Sabres, as well as significant coverage of the New York Giants and Buffalo Bills. This content, in addition to a diverse array of other sporting events and critically acclaimed original programming, has established MSG Networks as the gold standard in regional sports. MSG Networks is part of the Sphere Entertainment Co. (NYSE: SPHR).

Contact:

Dan Schoenberg (dan.schoenberg@msg.com)

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SOURCE Sphere Entertainment Co.

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