Inpixon Again Named a Leader in Gartner® Magic Quadrant™ for Indoor Location Services

Rhea-AI Summary

Inpixon (Nasdaq: INPX) has been recognized as a Leader in the 2023 Gartner Magic Quadrant for Indoor Location Services, marking its fifth consecutive year in this category. The evaluation highlights Inpixon's strength in both completeness of vision and ability to execute. The indoor location market is projected to grow to $55 billion by 2030, demonstrating significant industry potential. Inpixon's offerings include real-time asset and personnel tracking solutions aimed at improving safety and workflow efficiency in industrial settings. CEO Nadir Ali emphasized the company’s commitment to innovation and response to evolving market demands.

Positive

• Named a Leader in the 2023 Gartner Magic Quadrant for Indoor Location Services.
• Recognized for five consecutive years, indicating consistent performance and innovation.
• Indoor location market projected to grow to $55 billion by 2030, providing opportunities for expansion.

Negative

• None.

Inpixon Recognized for Completeness of Vision and Ability to Execute

PALO ALTO, Calif., March 1, 2023 /PRNewswire/ -- Inpixon® (Nasdaq: INPX), the Indoor Intelligence® company, today announced the company has been named as a Leader in the 2023 Gartner Magic Quadrant for Indoor Location Services [1]. The evaluation was based on specific criteria that analyzed the company's overall completeness of vision and ability to execute.

According to the report, "Through 2022, the indoor location market continued to mature as organizations began to realize the value of knowing the location of people and assets. As the market continues to evolve, growth is becoming exponential; Gartner projects the indoor location services market to reach $55 billion revenue by 2030, up from $1.9 billion in 2021."

"We are proud to be again named a Leader by Gartner in their most recent Magic Quadrant for Indoor Location Services," stated Nadir Ali, CEO of Inpixon. "Inpixon has been recognized in the Magic Quadrant five years in a row, and a Leader in the last two. We believe this consistency demonstrates our commitment to innovation and to providing a full-stack RTLS solution that supports a wide array of use cases for organizations in multiple industries."

Inpixon boasts a wide array of location technology solutions for industrial, manufacturing, and production environments, using indoor intelligence and real-time visibility to connect assets, personnel, and industrial processes.

• Real-Time Asset Tracking: Instantly track the location and movements of key assets, equipment, inventories and more, across industrial processes.
• Personnel Tracking: Monitor the real-time location of workers in high-stakes scenarios to improve safety and productivity.
• Worker Safety & Collision Avoidance: Create a safer industrial environment with real-time visibility, safety geofenced zones, and alerts that help you identify and respond to potential safety incidents. Power lone worker tracking, man-down alarms, employee mustering, collision avoidance, evacuations, and more.
• Workflow Optimization: Optimize industrial processes with digital twins that help you identify bottlenecks, enhance automation, improve asset utilization, and more.

Additional Resources

• Download your complimentary copy of the full report here.
• Explore Inpixon's RTLS offering here.

The report states, "The location of people and critical assets is no longer optional but required for safety, compliance and cost optimization. Infrastructure and operations leaders should assess vendors based on their capability to meet multiple indoor location opportunities and address new use scenarios."

"It gives our team a great sense of pride to again be named a Leader in this year's Gartner Magic Quadrant for Indoor Location Services report," stated Scott Howell, Inpixon's VP of Marketing & RevOps. "We're grateful for this recognition from Gartner, and we look forward to continuing to deliver the standard of innovation and excellence upon which our clients rely."

[1] Gartner Magic Quadrant for Indoor Location Services, Tim Zimmerman, Annette Zimmermann, February 21, 2023.

Gartner Disclaimer

Gartner and Magic Quadrant are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of the Gartner research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Inpixon 

Inpixon® (Nasdaq: INPX) is the innovator of Indoor Intelligence®, delivering actionable insights for people, places and things. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. The company's Indoor Intelligence and mobile app solutions are leveraged by a multitude of industries to optimize operations, increase productivity, and enhance safety. Inpixon customers can take advantage of industry leading location awareness, RTLS, workplace and hybrid event solutions, analytics, sensor fusion, IIoT and the IoT to create exceptional experiences and to do good with indoor data. For the latest insights, follow Inpixon on LinkedIn, and Twitter, and visit inpixon.com.

Safe Harbor Statement

All statements in this release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of the control of Inpixon and its subsidiaries, which could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not limited to, the fluctuation of economic conditions, the impact of COVID-19, global conflicts, inflation and other global events on Inpixon's results of operations and global supply chain constraints, Inpixon's ability to integrate the products and business from acquisitions into its existing business, the performance of management and employees, the regulatory landscape as it relates to privacy regulations and their applicability to Inpixon's technology, Inpixon's ability to maintain compliance with Nasdaq's continued listing requirements, the ability to obtain financing if needed, competition, general economic conditions and other factors that are detailed in Inpixon's periodic and current reports available for review at sec.gov. Furthermore, Inpixon operates in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements.

Contacts

General inquiries:
Inpixon
Email: marketing@inpixon.com
Web: inpixon.com/contact-us

Investor relations:
Crescendo Communications for Inpixon
Tel: +1 212-671-1020
Email: INPX@crescendo-ir.com

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SOURCE Inpixon

FAQ

What recognition did Inpixon receive in March 2023?

Inpixon was named a Leader in the 2023 Gartner Magic Quadrant for Indoor Location Services.

What is the market projection for indoor location services by 2030?

The indoor location services market is projected to reach $55 billion by 2030.

How many years has Inpixon been recognized in the Gartner Magic Quadrant?

Inpixon has been recognized for five consecutive years.

What solutions does Inpixon provide for industrial environments?

Inpixon offers real-time asset tracking, personnel tracking, and safety solutions for industrial environments.