Indian IPIN market is anticipated to grow impressively at a CAGR of 31.6% during the forecast period. The adoption of various government policies is expected to drive technology innovation, adaptation, and proliferation in various commercial places within the country. For instance, in May 2019, NITI (National Institution for Transforming India) Aayog, Department of the Indian government, has drawn up a plan for creating an institutional framework for AI in the country. The department has circulated a cabinet note to provide $75 billion in funding for the creation of a cloud computing platform called AIRAWAT and research institutes. 

In June 2015, the government of India announced the launch of the Smart Cities Challenge, an initiative that encourages Indian cities to compete for central government funds for smart city development. In addition to supporting the provision of core infrastructure and services, the Smart Cities Challenge promotes projects that foster sustainable and inclusive development, a clean environment, and the application of “Smart” solutions. In January 2016, The Ministry of Urban Development selected the first 20 cities that will each receive $75 million over a period of five years to implement smart city development plans that further provide ample opportunity to the IPIN systems in commercial places such as shopping malls, airports among others.

Indian IPIN market is segmented on the basis of product, type, and application. Based on the type, the market is bifurcated into indoor location-based analytics and indoor navigations & maps. On the basis of technology, the market is further segmented into Bluetooth, Wi-Fi, Ultra-Wideband Technology, and Others. During the forecast period, the market of Bluetooth in IPIN systems is estimated to have a major market share at the highest CAGR due to the significant adoption of the beacon technology in IPIN systems. Further, on the basis of application, the market is segmented into healthcare retail, manufacturing, energy and utilities, and others.

The major players of the Indian IPIN market include Apple, Inc., Google LLC, IBM Corp., Telefonaktiebolaget LM Ericsson, Nowon Technologies Pvt. Ltd., and Microsoft Corp. These players adopt various strategies to capitalize on market growth opportunities. Mergers and acquisitions, product launch, geographical expansion, partnerships, and collaborations are the majorly adopted strategies by the market players. For instance, in April 2019, Google LLC launched a new mobile application as 'WifiRttScan'. The applications are for developers, vendors, universities, and other users for research and test the indoor location mapping features within Android P. Earlier to this, the mobile application was only compatible with Pixel smartphones. 

Research Methodology

The market study of the Indian IPIN market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report is intended for IPIN service providers, BFSI sector, IT & telecom sector, retail sector, healthcare sector, educational facilities, market research firms, and government organizations, for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation:

• Indian IPIN Market Research and Analysis by Type
• Indian IPIN Market Research and Analysis by Technology
• Indian IPIN Market Research and Analysis by Application

The Report covers:

• Comprehensive research methodology of the Indian IPIN market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Indian IPIN market.
• Insights about market determinants which are stimulating the Indian IPIN market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.