The Global Location Based Services Market is estimated to reach USD 130.8 Billion in 2024 at a CAGR of 32.6%. Rising demand for application programming interface (API), growing demand for real-time location system (RTLS), increasing growth for wireless infrastructure, and rising demand for internet of things (IoT) expected to drive the in this market. However, geographic limitations issues act as a restrain to the market during the forecast period. Growing demand for big data analytics, adoption of 5G technology, and highly adoption of location of things technology is identified as an opportunity in this market.
Location Based Services is a growing technology that provide a service and information to the user. It uses real time geographic data from the technology that provide the information, security and entertainment. Its allows customers to find the direction, shops, stores, place and events.
Some key players of the market Cisco Systems Inc., IBM Corporation, Alphabet Inc.(Google), Microsoft Corporation, Oracle Corporation, Qualcomm Technologies, Inc., TomTom International BV., Zebra Technologies Corp., Teldio Corporation, and HERE other.
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Location Based Services Market: Report Synopsis
This market research report offers a comprehensive analysis of key market trends in the global location based services market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks.
- On the basis of technology, the market is segmented into network computing, wireless communications, and positioning technology.
- By solution, the market is segmented maps and navigation, tracking services, information services, analytics, emergency support, and advertising.
- By location type, the market is segmented indoor and outdoor.
- By component, the market is segmented software, services, and hardware.
- By end user, the market is segmented government, automotive, BFSI, retail, media & entertainment, manufacturing, and others.
- The regional analysis is covered under five major regions such as North America, South America, Europe, Asia-Pacific, And The Middle East and Africa, with individual country-level analysis.
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Location Based Services Market: Report Scope
The report on this market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
List of the leading companies operating in the Location Based Services market include:
- Cisco Systems Inc. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- IBM Corporation
- Alphabet Inc. (Google)
- Microsoft Corporation
- Oracle Corporation
- Qualcomm Technologies, Inc.
- TomTom International BV.
- Zebra Technologies Corp.
- Teldio Corporation
- Other Key Companies
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Location Based Services Market by Region
- Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
- North America (US, Canada, Mexico)
- Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
- Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
- South America (Brazil, Argentina, Rest of South America)
Key Questions answered by the report
- What are the major developments impacting the global market and its growth?
- What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?
- What are the evolving types of the global market?
- What are the evolving applications of global market?
- What are the major characteristics that will affect the global market growth during the study period?
- Who are the key players operating in the global market?
- How are the major players leveraging in the existing market conditions?
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