Portugal news - Portuguese startup Azitek ranks in the Top Indoor Location Markets globally, according to a new report by MarketsandMarkets.
Azitek is a startup based in Porto, Portugal, specializing in proprietary RFID systems with high-accuracy technology. The innovative system combines long-range tracking with precision capabilities, utilizing cost-effective and long-life tags to deliver unparalleled asset visibility and unlock new applications beyond traditional RFID.
Azitek completed a 750,000 euros funding round led by Beta Capital, in co-investment with Portugal Ventures as the initial investor and Cedrus Capital in June 2024, bringing the capital raised by the Portuguese startup incubated at UPTEC in Porto to over €1 million.
The Indoor Location Market is projected to grow from USD 11.9 billion in 2024 to USD 31.4 billion by 2029, at a CAGR of 21.4% during the forecast period, according to a new report by MarketsandMarkets™. The indoor location market is predicted to grow quickly due to the demand for indoor positioning systems including navigation and asset tracking services. Various retail stores integrate beacons and Wi-Fi with in-store signage systems that give customers the remote control to decide what product information or details they want to see.
MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. It provides growth consulting and program management solutions, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space.
Here is the list of Top Companies in the Indoor Location Market globally:
1 - Zebra Technologies (US),
2 - Cisco (US),
3 - Google (US),
4 - Microsoft (US),
5 - HPE (US),
6 - Apple (US),
7 - Esri (US),
8 - Acuity Brands (US),
9 - Inpixon (US),
10 - HERE Technologies (US),
11 - HID Global (US),
12 - CenTrak (US),
13 - Sonitor (Norway),
14 - Ubisense (UK),
15 - infsoft (Germany),
16 - Polaris Wireless (US),
17 - Quuppa (Finland),
18 - Securitas Healthcare (US),
19 - Navigine (US),
20 - Blueiot (China),
21 - Kontakt.io (US),
22 - AiRISTA (US),
23 - InnerSpace (Canada),
24 - Syook (India),
25 - Oriient (Israel),
26 - Navenio (England),
27 - Situm (Spain),
28 - Pozyx (Belgium),
29 - Azitek (Portugal),
30 - Mapxus (China).
#Azitek #MarketsandMarkets #RFIDsystemsportugal #BetaCapital #PortugalVentures #CedrusCapital #UPTEC #topcompaniesintheindoorlocationmarket #investmentnewsportugal