Location-Based Services and Real-Time Location Systems Market
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The Location-Based Services (LBS) and Real-Time Location Systems (RTLS) market size is estimated to grow at a CAGR 16.37% rate during the forecast period. Major factors expected to drive the growth of the Location based services market include various applications of geospatial data; growing demand for LBS and RTLS for industry applications; proliferation of social media, smartphones, and location-based apps among consumers; and growing demand for geomarketing.
Outdoor location to hold a larger market share. Outdoor positioning locates data, assets, or people in an open area using Global Positioning System (GPS), satellites, Infrared radiation (IR)-based remote sensing, and other positioning technologies with style mapping, which provide navigation services. It is used to trace long-distance objects or people from any location. The major outdoor positioning technologies include Global Navigation Satellite System (GNSS), cellular networks, and wireless networks.
Application support and maintenance services segment to grow at a higher CAGR. Application-specific support and maintenance services are offered after the installation of the LBS and RTLS solution in an organization.
North America is expected to hold the largest market share during the forecast period. The US has emerged as the largest market for LBS and RTLS owing to the large-scale implementation of LBS and RTLS by organizations and enterprises in the country. The high pace of development of infrastructure in the US, along with the high growth of Internet of Things (IoT), Artificial Intelligence (AI), and cloud computing, can be attributed to the fast growth of the Location based services market in the US.
Key market players include Aruba Networks (US), Cisco (US), Google (US), Esri (US), IBM (US), Microsoft (US), Oracle (US), TomTom (Netherlands), Teldio (Canda), HERE (Netherlands). These players have adopted various strategies to grow in the LBS and RTLS market.
Critical Questions the Report Answers:
- Where will all these developments take the industry in the long term?
- What are the upcoming trends for the Location based services market?
- Which segment provides the most opportunity for growth?
- Who are the leading vendors operating in this market?
- What are the opportunities for new market entrants?
2. Research Methodology
Limitation and Assumptions
3. Executive Overview
4. Market Overview
5. Location Based Services Market, By Vertical
Media and Entertainment
Government and Public Utilities
Transportation and Logistics
Healthcare and Life Sciences
6. Location Based Services Market, By Component
7. Location Based Services Market, By Location Type
8. Location Based Services Market, By Region
Rest of Europe
Rest of APAC
Rest of Middle East
Rest of the World
9. Company Profiles
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