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Location Based Services Market

Location-Based Services Market Forecasts to 2028 – Global Analysis By Component (Hardware, Software, Services), Location (Outdoor, Indoor), End User (Banking, Financial Services, and Insurance (BFSI), Government) and By Geography

4.1 (33 reviews)
Published: October 2021 ID: SMRC21084
4.1 (33 reviews)
Published: October 2021 ID: SMRC21084

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Location-Based Services Market is accounted for $17.80 billion in 2020 and is expected to reach $72.06 billion by 2028 growing at a CAGR of 19.1% during the forecast period. Factors such as increasing number of smartphone users, increasing availability of spatial data and analytical tools are driving the growth of the market. However, privacy and security concerns are hampering the growth of the market.

Location-based services are used to determine the geographical location of a device through a software. These services are critical to several businesses as well as government organisations to drive real insight from data tied to a particular location where certain activities take place.

Based on the location, the outdoor segment is anticipated to expand at a rapid pace during the forecast period due to the rising demand to trace long-distance objects or people. By geography, North America is going to have high growth during the forecast period which can be attributed to the increasing industry standards and enhanced financial support from the governments of the region.

Some of the key players profiled in the Location-Based Services Market include Cisco Systems Inc., Google LLC, Ericsson Inc., Microsoft Corporation, IBM Corporation, Intel Corporation, Qualcomm Technologies Inc., ALE International, GL Communications Inc., DigitalGlobe Inc.(Maxar Technologies), Creativity Software Ltd., Teldio Corporation, IndoorAtlas Ltd, TeleMapics LLC, and HPE Aruba Inc. 

Components Covered:
• Hardware
• Software
• Services

Locations Covered:
• Outdoor
• Indoor   

Technologies Covered:
• Bluetooth Low Energy (BLE) Beacons
• Global Positioning System (GPS)/ Global Navigation Satellite System (GNSS)
• Observed Time Difference of Arrival (OTDOA)
• Enhanced Observed Time Difference of Arrival (E-OTD)
• Cell ID
• Wi-Fi
• Assisted Global Positioning System (A-GPS)
• Enhanced Global Positioning System (E-GPS) 

Applications Covered:
• Emergency Services
• Location-Based Advertising/Promotion Services
• Social Networking, Gaming, & Entertainment
• Proximity Marketing
• Local Search & Information
• Mapping & Navigation
• Business Intelligence & Analytics
• Asset Tracking
• Fleet Management

End Users Covered:
• Banking, Financial Services, and Insurance(BFSI)
• Government, Defense and Public Utilities
• Transportation & Logistics
• Healthcare & Life Sciences
• Fast Moving Consumer Goods (FMCG), Retail, and E-Commerce
• Industrial Manufacturing
• Automotive
• Media and Entertainment
• Information Technology (IT) and Telecom
• Hospitality

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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