Location-Based Service Market Analysis, Size, Share, Growth, Trends, and Opportunities -

 

Location-Based Service Market Size

 
Straits Research has published its latest report on the Location-Based Service Market, providing a comprehensive analysis of the industry's growth prospects, key drivers, and trends. According to the report, the global Location-Based Service Market size was valued at USD 55.58 Billion in 2022 and is projected to reach USD 368.76 Billion by 2031, growing at a CAGR of 23.4% during the forecast period (2023–2031).
 

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Drivers in the Location-Based Service Market

The increasing demand for location-based services in various industries, such as transportation, logistics, and retail, is driving the growth of the market. Additionally, the proliferation of smartphones and the development of advanced location-based technologies, such as GPS, Wi-Fi, and cellular networks, are also contributing to the market's growth.

Key Developments in the Location-Based Service Market

The report highlights several key developments in the Location-Based Service Market, including:
  • The increasing adoption of location-based services in the transportation and logistics industry to improve fleet management and logistics operations.
  • The growing demand for location-based services in the retail industry to enhance customer experience and improve marketing efforts.
  • The development of new location-based technologies, such as indoor positioning systems and location-based analytics.

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Top Key Players in the Location-Based Service Market

The report profiles several top key players in the Location-Based Service Market, including:
  • ALCATEL-LUCENT
  • APPLE INC.
  • AT&T Inc.
  • Bharti Airtel Limited
  • Cisco Systems, Inc.
  • Google LLC
  • HERE
  • International Business Machines Corporation
  • Microsoft Corporation
  • Oracle Corporation
  • Qualcomm Technologies, Inc.

Segmentation Analysis of the Location-Based Service Market

The report provides a detailed segmentation analysis of the Location-Based Service Market, including:
  • By Component: Hardware, Software, and Services
  • By Technology: GPS, Assisted GPS (A-GPS), Enhanced GPS (E-GPS), Enhances Observed Time Difference (E-OTD), Observed Time Difference, Cell ID, and Wi-Fi
  • By Application: Location-Based Advertising, Business Intelligence & Analytics, Fleet Management, Mapping And Navigation, Local Search & Information, Social Networking & Entertainment, Proximity Marketing, and Asset Tracking
  • By End Users: Transportation & Logistics, Manufacturing, Government & Public Utilities, Retail, Healthcare & Life Sciences, Media & Entertainment, IT & Telecom, BFSI, and Hospitality

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About Straits Research

Straits Research is a top provider of business intelligence, specializing in research, analytics, and advisory services, with a focus on delivering in-depth insights through comprehensive reports. Our team of experienced analysts and researchers provide actionable recommendations to help businesses grow and succeed.

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