Deloitte recently released their 16th edition of Predictions for the Technology, Media and Telecommunications (TMT) sectors that included their predictions for indoor navigation. As a technology company focused on cracking the code that enables this market to scale, Deloitte's thoughts are a strong proof point we are on the right track.
Deloitte predicts that as of 2022 at least a quarter of all human and machine uses of precision digital navigation will include an indoor leg or be for an entirely indoor journey. This compares to less than five percent of all uses in 2017.
The team at Deloitte goes on to assert there will be multiple players that see significant benefit from indoor maps and site owners are likely to regard the capability as a key differentiator.
We believe the first-order business impact of scalable indoor mapping will take place within the commercial real estate sector. With robust indoor location infrastructure, CRE can solve problems that start at the very early stages of construction through to creating new revenue streams for their tenants who span the office space and retail and will be key to unlocking scale.
If the infrastructure is easy to understand and scale, software developers and technology companies can start to imagine the possible applications of indoor mapping and location and begin to deliver these services in more commercial locations, increasing the value per square foot for real estate developers and operators.
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