Skip to main content

Global Location Intelligence Market Size, Share & Scope, Product Estimates & Strategy Framework To 2020-2027

The global location intelligence market size is expected to reach USD 32.8 billion by 2027, expanding at a CAGR of 15.2 % according to a study conducted by Grand View Research, Inc. Growing penetration of smart devices coupled with the rising demand for data-rich location solutions to increase customer engagement and drive operational efficiency is expected to bolster the growth. Increasing penetration of network infrastructure and smart devices paired with rising digitalization has enabled organizations to collect user information, which in turn is anticipated to further spur the market growth.
Location intelligence is a subcategory of the IoT concept that enables businesses to identify consumer trends, customer behaviour, and a variety of information regarding niche markets for the organizations to make better decisions, deliver better products and services, and to mitigate the uncertainties in the market. Organizations are incorporating real-time location monitoring capabilities in various devices, especially smartphones, for monitoring and recording the geographic position of consumers to be able to analyze trends, improve customer experience, and optimize business operations. Owing to the benefits offered, organizations are more inclined toward implementation of location intelligence services thus spurring the market growth.

Additionally, the booming smartphone and smart devices industry in Asia Pacific (APAC) region is expected to drive the growth of the location intelligence market. The steady rise in investments in IoT technologies, increasing number of smartphone users, and rising spending on connected devices in APAC countries are the factors predicted to fuel the market expansion over the forecast period. However, lack of network infrastructure, data privacy concerns, lack of awareness, and other operational challenges and risks can hinder the growth.
Further key findings from the study suggest that:
• North America accounted for the largest market share in 2019, owing to the highest adoption of IoT and the presence of key players such as Google, Apple, Qualcomm, HERE, Bosch, and GE
• The European Commission is heavily investing in IoT infrastructure and location intelligence technologies thereby aiming to accelerate the regional growth
• Asia Pacific is expected to experience the fastest growth over the forecast period, owing to the rising number of smartphone users, enhancement of networking technologies, increasing number of service providers, and rise of social media
Labels:

Comments

Post a Comment

Popular posts from this blog

Functional Tea Market is expected to boost the growth of the market over the forecast period.

Functional Tea refers to a series of teas that can contribute to bodily functions. In 2019, the market size of Functional Tea is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period. Download Request sample copy -  https://www.innovationmarketresearch.com/market-reports/functional-tea-market/request-sample In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Functional Tea. This report studies the global market size of Functional Tea, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia). This study presents the Functional Tea sales volume, revenue, market share and growth rate for each key company, and also covers the breakdown data (sal...
Post a Comment
Read more

Global oriented strand board (OSB) market size was estimated over USD 8.0 million in 2014.

Global oriented strand board (OSB) market size was estimated over USD 8.0 million in 2014. The growing substitution of plywood by OSB in applications such as residential construction and commercial sector is expected to have a positive impact on market demand. The high strength to weight ratio and easy installation advantages provided by oriented strand board are driving market growth of these products. This product is consumed for both non-structural and structural applications such as shelving, pallet manufacture, frames, furniture, industrial tabletops, dry storage pallets, packaging and crafting. Technological advancements in countries such as Brazil, Russia, China, and India for the development of new products is anticipated to create new growth avenues over the forecast period. Download Free Sample  -  https://www.millioninsights.com/industry-reports/oriented-strand-board-osb-market/request-sample Increasing consumption of office furniture and home furniture is likely to...
Post a Comment
Read more

Global Varied Color Lipstick Market Growth and Forecast, 2018 -2028 : Radiant Insights, Inc

In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Varied Color Lipstick Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and comprehensive research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China). Download Free Sample Copy  -  https://www.radiantinsights.com/research/global-varied-color-lipstick-market-research-report-2020-2024/request-sample In this report, the global Varied Color Lipstick market is valued at USD XX million in 2020 and is projected to reach USD XX million by the end of 2024, growing at a CAGR of XX% during the period 2020 to 2024. The report firstly introduced the Varied Color Lipstick basics: definitions, classifications, applications and market overview; product specif...
Post a Comment
Read more