Location of Things Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025
Location of Things is a part of Internet of Things (IoT). It is based on the ability of the tagged systems to share their location data. Location of things can be termed as an advanced form of global positioning system (GPS), which was founded almost 20 years back. Initial GPS systems were relatively expensive and not feasible to be included in daily use electronics. Hence, the demand for such systems was quite low. However, with development in semiconductor manufacturing technology, advancements in GPS systems and decrease in price of electronic components, GPS systems have become affordable currently. It has now become an integral part of smart phones and other electronic devices. Location of Things utilizes technology similar to that of GPS and aids in locating the position of the target which has been tagged with a compatible transceiver. The transceiver is generally capable of receiving and transmitting radio frequency signals by utilizing Bluetooth Low Energy (BLE). The signals are then received or intercepted by a device, such as a smart phone or a tablet, connected to the internet. The accompanying software aids in calculating the position of the tagged device and hence points out to the exact location of the transceiver. Obtain Report Details @ http://www.transparencymarketresearch.com/location-of-things-market.html Location of Things market is primarily being driven by the growing demand for Location of Things enabled tags in the retail industry. Such tags enable the retail industry to track products of high values easily. These tags can also be customized to provide the customers with greater details on any product, through the aid of smart phones. For eg: when a customer points toward a particular tagged product, information about the product will be displayed on his or her smart phone, enabling them to make an informed choice. Owing to such benefits, the demand for these tags in the retail industry has grown multi fold in recent years. Additionally, owing to the advantages offered by Location of Things enabled devices, the GPS systems are slowly being replaced in several industry verticals. Location of Things offer higher accuracy and consumes less energy, compared to GPS systems, among other advantages. Furthermore, the growing