(1) FELTON, Calif., Feb. 16, 2021 /PRNewswire/ -- The global indoor location-based services (LBS) market size is anticipated to reach USD 18.74 billion in the year 2025. It is anticipated to register 43.3% CAGR during the forecasted period, 2019 to 2025. This can be attributed to the increasing demand for such services among majority of industrial players for carrying out several marketing and promotional activities across the globe. In 2018, the Location-based Advertising services held the largest share across the global market due to the rising usage of such services prevalent among the manufacturers for the promotion of products. The proximity beacons segment is projected to witness highest CAGR of 48% from 2019 to 2025 owing to their usage for promotion which is location-based and for advertising at the hyper-local level.