An indoor positioning system is a network of devices powered by software for locating people or objects in places where a global positioning system lacks precision or fails completely. No single technology is ideal for a particular industry because each indoor environment has a unique complexity and sophistication, and accuracy and coverage demands vary. Power consumption, size, and costs of implementation and maintenance of a system also are important considerations.
As Internet of Things and mobile computing installations become more common, the market for indoor positioning systems is growing beyond the commonly considered healthcare industry. The market for the manufacturing and warehousing industry is particularly dynamic as system data also is used to improve systems and processes. Providers are consistently investing in the development of better formulations to improve accuracy and coverage, and are paying special attention to scalability, privacy, and security to gain a competitive advantage.
The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each of the companies in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in an industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned.
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