Location Based Services Market research reports focus on size, share, growth, manufacturers and forecasts by 2025. The new market research store focuses on the market and provides future analysis and forecasts of the market. This market research report is based primarily on the elements that companies complete in the marketplace and on those elements that are useful and useful to the business.
At a compound annual growth rate of 15.2%, the size of the worldwide Location Based Services market is projected to reach $239.7 Billion in 2029.
Infrastructure development such as retail malls, parks, educational institutes, and hospitals provide lucrative scope for implementation of location-based services (LBS) for navigations and tracking purposes. Moreover, increasing deployment of local area network and home area networks, such as Wi-Fi and WLAN, is projected to provide an upthrust to the indoor LBS market over the forecast period.
Key Location Based Services Market Players
Key and emerging market players include Aruba Networks (US), Cisco (US), Google (US), Esri (US), IBM (US), Microsoft (US), Oracle (US), TomTom (Netherlands), Teldio (Canda), HERE (Netherlands), Ericsson (Sweden), Foursquare (US), Navigine (US), AiRISTA Flow (US), Quuppa (Finland), Ubisense (UK), Apple (US), Qualcomm (US), STANLEY Healthcare (US), GE Healthcare (US), CenTrak (US), Spime (US), KDDI (Japan), NTT Docomo (Japan), and Zebra Technologies (US). These players have adopted various strategies to grow in the LBS and RTLS market. The companies are focused on inorganic and organic growth strategies to strengthen their market position.
Location-based advertising for enhanced customer experience is expected to be Google’s key focus in the indoor location market. Moreover, several maps with indoor images and street views have been added to Google Maps, using the indoor mapping technology.Global Location Based Services Market 2019 research reports around the world provide in-depth analysis, including summaries, definitions, and market coverage. The Location Based Services industry is broken down by product, location and region. This segmentation is intended to give the reader a detailed understanding of the market and the essential elements that make up the market. This allows you to better describe the driver, restraint, threats and opportunities.
The Location Based Services Market analysis report expresses about the growth rate of global market up to 2025 by revenue, chain structure, manufacturing process and market entry strategies. The Location Based Services Market report providing comprehensive syndicated market research reports with in-depth analysis of global trending markets and global sectors. The research experts use exclusive mixture of primary and secondary research, different analytics, and industry research to give a holistic view of the market and business ecosystem.
Location Based Services Market Competitive Analysis:
Location Based Services market analysts involved in the study use their unique primary and secondary research techniques and tools to present the information and data most accurately. This report provides a comprehensive analysis of the competitive environment, including company profiling of top companies operating in the market. Readers will be given detailed information on the market, including neatly calculated revenue and volume growth, CAGR and market share estimates. This report provides systematically prepared statistics showing a comparison of the above-mentioned estimates over the entire forecast period.
Key Segment Of The Location Based Services Market
by Component, 2022-2029 (USD Million)
• Location Intelligence Solutions
• Location-powered Mobile Applications
• Location-based Messaging
• Professional Services
• Mapping Services
• Implementation & Support
• Consulting and Development Services
by Technology, 2022-2029 (USD Million)
• Global Positioning System (GPS)
• Global Navigation Satellite System (GNSS)
• Near Field Communication
• Other Technologies
by Application, 2022-2029 (USD Million)
o Geo Marketing and Advertising or Target Marketing
o Mapping & GIS
• Smart Parking
• Route Planning
• Other Navigation Applications
• Children Locators
• Parolees Monitoring
• Pets locators
• Tracking of valuable and stolen goods
o Social Networking
• Friend Locator
• Chat and Instant Messaging Services
o Other Applications
by Location Type, 2022-2029 (USD Million)
by Industry Vertical, 2022-2029 (USD Million)
• Transportation & Logistics
• Government & Public Sector
• Retail and Consumer Goods
• Healthcare & Life Sciences
• Media & Entertainment
• Aerospace & Defense
• Hospitality & Tourism
• IT & Telecom
• Other Industries (Gaming, Oil and Gas, Mining, Education)
Regional Overview, 2022-2029 (USD Million)
• Rest of Europe
• Rest of Asia Pacific
• Rest of South America
Middle East and South Africa