Location of Things Market is Driven by the Growing Demand For Location of Things Enabled Tags In The Retail Industry
The global location of things market is expected to be marked by a significant growth rate on account of some reliable factors responsible for improving the demand in the industry. Of these include the hike in the acceptance of location-based applications across different verticals, geospatial data democratization for internet of things (IoT) applications, and surging significance of spatial data. The commercialization of location-based services could be another powerful factor raising the demand in the market. However, there could be a slight slack in the demand for location of things due to privacy issues related to user identity. Nonetheless, industry players are anticipated to be encouraged by favorable business prospects arising from the adoption of real-time asset management and location data analysis, evolution of IoT, and rise in the acceptance of cloud-based technology. Although both indoor and outdoor markets for location of things are predicted to showcase growth ...