The market demand for indoor tracking solutions is constantly increasing thanks to the increasing digitization of supply chains in all industries, BTA reported.

According to a study by Markets and Markets, the global market for indoor positioning devices will grow from USD 7 billion in 2021 to USD 19.7 billion in 2026, at a CAGR of 22 .9 percent, reported the specialized electronics portal

In IoT (Internet of Things) indoor spaces, object location methods are a key element in advancing the management of a number of applications, such as medical equipment, telecommunications, industrial equipment, and product tracking in manufacturing and distribution facilities.

Indoor object tracking using IoT saves money, improves efficiency and is an ideal solution for obtaining useful information in real time, the publication states.