The ongoing technological advancements are compelling organizations to focus on spatial data from conventional data, which is driving the location of things market. Large amounts of data are being generated with the increase in the use of connected devices across verticals. Furthermore, increasing awareness among enterprises about the advantages of real-time location analytics and location-based services is further bolstering the industry growth.
Adroit Market Research study on the global market for Location of Things offers a holistic view of the industry from 2020 to 2028 as a forecast period, including factors such as market drivers, limitations, opportunities, threats, and regulatory overview. The market has been analyzed from 2018 to 2028, with a base year estimate of 2019 and a projection from 2020 to 2028. The report covers the current status and potential characteristics of the market at both the global and the country level. Moreover, the report also assesses market competition with Porter's analysis of five strengths and places leading players on the basis of their product range, regional presence, strategic initiatives, and overall sales. Prominent players in the global composite resin market have been analyzed in depth.
These tools provide data for performance, customer behavior, and security. The tools enhance cybersecurity helping, IT teams to detect vulnerabilities early and breaches and aids in securing the network. The various benefits offered with the tool include flexibility for required configurations and infrastructure leading to fast and easy installation, which in turn, is positively contributing to the growth of the industry.
The solutions segment is anticipated to hold a significant share in the terms of components for the Location of Things market, owing to its extensive application across different end-users functioning. Its high scale use is driving the effectiveness of Location of Things solutions providing a holistic view on cloud and on-premises applications. It automatically associates events by mapping interdependencies between application, services, and cloud components help in resolving the cloud application.
Asia Pacific region is anticipated to witness a substantial growth rate over the forecast period. The growth is attributed to ongoing digital transformation with a focus on establishing well-developed cloud infrastructure, in line with government initiatives. In addition, continuous development across IoT devices & systems, coupled with rising cloud dependency from different is further expected to drive the market in the Asia Pacific.
The key players of the global Location of Things market report include- Google, Inc., IBM Corporation, Microsoft Corporation, ESRI, Qualcomm Technologies, Inc., Wireless Logic, Ubisense Group PLC., Pitney Bowes, and Here.
Key Segments of the Global Location of Things Market
Application Overview, 2018-2028 (USD Million)
- Mapping & Navigation
- Location-Based Social Media Monitoring
- IoT Asset Management
- IoT Location Intelligence
Type Overview, 2018-2028 (USD Million)
End-Use Overview 2018-2028 (USD Million)
- Media & Entertainment
- Telecom & IT
Regional Overview, 2018-2028 (USD Million)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America