Global Micro-Location Technology Market to Reach $139.2 Billion by 2030
The global market for Micro-Location Technology estimated at US$40.5 Billion in the year 2023, is expected to reach US$139.2 Billion by 2030, growing at a CAGR of 19.3% over the period 2023-2030. Proximity Marketing Application, one of the segments analyzed in the report, is expected to record 19.7% CAGR and reach US$92.4 Billion by the end of the analysis period. Growth in the Asset Management Application segment is estimated at 18.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $12.6 Billion, While China is Forecast to Grow at 18.4% CAGR
The Micro-Location Technology market in the U.S. is estimated at US$12.6 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$23.5 Billion by the year 2030 trailing a CAGR of 18.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.2% and 16.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 14% CAGR.
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