Press Release

The report on the global Location-based Services market published by TMRR provides a clear understanding of the flight of the Location-based Services market over the forecast period (2019-2029). The study introspects the various factors that are tipped to influence the growth of the Location-based Services market in the upcoming years. The current trends, growth opportunities, restraints, and major challenges faced by market players in the Location-based Services market are analyzed in the report.

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The study reveals that the global Location-based Services market is projected to reach a market value of ~US$XX by the end of 2029 and grow at a CAGR of ~XX% during the assessment period. Further, a qualitative and quantitative analysis of the Location-based Services market based on data collected from various credible sources in the market value chain is included in the report along with relevant tables, graphs, and figures.

Key Takeaways of the Report:

  • Marketing and promotional strategies adopted by prominent market players
  • Historic, current, and projected valuation of the Location-based Services market
  • Overview of the regulatory framework governing the different aspects of the Location-based Services market
  • Recent advancements in the Location-based Services market landscape
  • In-depth analysis of the different segments of the Location-based Services market

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Location-based Services Market Segmentation

The report highlights the product adoption pattern of various products in the Location-based Services market and provides intricate insights such as the consumption volume, supply-demand ratio, and pricing models of the following products:

growth dynamics and future growth prospects over the period between 2017 and 2025. The report encompasses vast qualitative and quantitative details, analysis, and predictions about the market’s key segments, trends, growth drivers, and opportunities, challenges, and attractiveness of segments or regional markets. 

The report segments the global location-based services market on the basis of criteria such as component, technology, application, end-use industry, and geography.

On the basis of technology, the report examines the market for location-based service technologies such as global positioning system (GPS), assisted GPS, Bluetooth, Wi-Fi, geofencing, and observed time difference. The key areas of application of location-based services analyzed in the report include mapping and navigation, emergency support, disaster management, and business analytics and intelligence. The key end-use industries utilizing location-based services include government, defense and aeronautics, retail, healthcare, agriculture, transportation, e-commerce, and media and entertainment. 

Global Location-based Services Market: Trends and Opportunities

Some of the key application areas of location-based services are social media networking, e-commerce transactions, entertainment, mapping and navigation, analytics, business intelligence, emergency support, and disaster management. Presently, applications across the defense and government sector account for a leading share in the global market’s revenue, a trend that is expected to remain strong over the report’s forecast period.

Nevertheless, with a massive consumer base, which continues to rise at a promising pace, the e-commerce industry is envisaged to emerge as one of the leading contributors to the global location-based services market in the near future. The market is also expected to benefit from rising demand across the food delivery and tourism industry. 

Global Location-based Services Market: Competitive Dynamics

Some of the world’s leading technology companies are enriching the global location-based services market through their futuristic location-based services solutions for outdoor as well as indoor applications. In the next few years, the highly competitive market is expected to witness the proliferation of an increasing number of regional and domestic IT companies wanting to exploit the vast growth opportunities offered by this area. 

Some of the leading technology companies operating in the global location-based services market are Apple, Inc., International Business Machines Corporation, Ltd., Bharti Airtel, LTD., Cisco Systems, Inc., Oracle Corporation, SAP SE, Alcatel-Lucent SA, Google Inc., Microsoft Corporation, and AT&T Inc.

The report addresses the following doubts related to the Location-based Services market:

  1. Which company in the Location-based Services market is leading in terms of innovation?
  2. The demand from which end-user is expected to drive the growth of the Location-based Services market?
  3. What are the growth opportunities for market players in the developing regions?
  4. What are the various distribution channels adopted by market players in the Location-based Services market?
  5. How are emerging market players establishing their presence in the current market landscape?

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