Bamberg, 14th March 2022 – Favendo, a German expert for reliable Real Time Location Services for indoor and complex environments, today announced that it is recognized as Honorable Mention in the 2022 Gartner Magic Quadrant for Indoor Location Services, Global1.
“We consider to be honorably mentioned in this year’s Gartner Magic Quadrant for Indoor Location Services, a confirmation of our efforts, that makes me and my team proud,” says Stefan Balduf, CEO of Favendo.
“The Corona pandemic did not make the past years easy for us either, but still, we see an increasing demand in the Indoor Location Services sector, and we feel confirmed in this by Gartner’s recognition. With the launch of our Asset Tracking Viewer, a front-end solution for tracking assets in real time, we have significantly expanded the portfolio we can offer our customers at the start of the new year. Thanks to our strong partner network, we can provide solutions that are tailored to our customers’ use cases and their requirements in terms of accuracy, latency and coverage.”
According to Gartner, “Through 2021, the indoor location market continued to evolve as new markets began to realize the value of knowing the location of people and assets. As it evolves, growth is becoming exponential as Gartner projects the indoor location services market to reach $55 billion revenue by 2030, up from $1.9 billion in 2021.”1
 Gartner, “Magic Quadrant for Indoor Location Services, Global”, Tim Zimmerman, Annette Zimmermann, 23rd February 2022.
GARTNER and MAGIC QUADRANT are a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission Gartner does not endorse any vendor, product or service depicted in its 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 Gartner’s 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.
Since 2014, Favendo has built a solid reputation as a provider of mobile tracking and navigation solutions for indoor and complex environments such as cruise ships, airports, sports stadiums or manufacturing plants. In recent years, Favendo has developed its expertise primarily in asset tracking for various industries. These include healthcare, mining, or manufacturing. For this, Favendo was positioned by Gartner in the Niche Players quadrant of the 2021 Magic Quadrant for Indoor Location Services, Global. Favendo relies on a broad partner network consisting of technology partners such as Quuppa and Actility for high-precision location solutions and seamless indoor & outdoor tracking. This is complemented by industry-specific partnerships with IoT platform providers such as Philips Healthcare and IGO. Favendo also partners with the ArubaEdge program and omlox to provide the most appropriate location technology for Industry 4.0 use cases.
Favendo is the trusted partner for outstanding Real Time Location Services. Our team delivers reliable and efficient solutions for manufacturing and logistics companies, public buildings and facility management, and cruise ships. To provide our customers with a solution that meets their needs one hundred percent, we partner with Quuppa and Abeeway.
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