Location-Based Services Market Driven by Rising Use of Smartphones

San Francisco, California, June 01, 2017: TMR Research announces a new report on the global location-based services and real time location systems market. The report, titled ‘Location-Based Services (LBS) and Real Time Location Systems (RTLS) Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025,’ delivers a comprehensive assessment of the global market’s historical development trajectory and present conditions. Based on solid analysis of the market’s past figures, reliable projections regarding the location-based services and real time location systems market’s future development trajectory are presented in the report.

Real time location systems and location-based services are a fundamentally interconnected pair of technologies, the former being essential in making full use of the latter. Real time location systems, which are often incorporated into modern smartphones by the manufacturers, interact with GPS satellites to provide and record the location of the device to a high degree of accuracy. Based on the user’s movement patterns and current location, location-based services can provide recommendations for various services, including food and entertainment. The convenience provided by location-based services and the ubiquity of smartphones in the modern world is likely to ensure steady growth of the global location-based services and real time location systems market in the coming years.

The rising number of smartphone users is the prime driver for the global location-based services and real time location systems market. While the penetration of the global smartphone market has traditionally been high in developed regions such as North America, the booming smartphone industry in Asia Pacific has become a major driver for the global location-based services and real time location systems market in recent years. The steady rise of East Asian smartphone companies and the rapid urbanization in Southeast Asian countries such as India, China, South Korea, Taiwan, and Thailand will enable steady growth of the location-based services and real time location systems market in the region in the coming years. Asia Pacific is thus likely to be a crucial region for the global location-based services and real time location systems market in the coming years.

By software, the global location-based services and real time location systems market is segmented into geospatial transformation and load, risk analytics and threat prevention, reporting and visualization, geocoding and reverse geocoding, context accelerator and geofencing, location analytics, and others. On the basis of application, healthcare, BFSI (banking, financial services, and insurance), industrial manufacturing, retail and ecommerce, government and public utilities, defense, and transportation and logistics comprise the key segments of the global location-based services and real time location systems market.

The healthcare sector is likely to play a crucial role in the growth of the global location-based services and real time location systems market in the coming years. In cases of accidents or unforeseen cases of diseases, hospitals can offer timely help through the use of location-based services that provide the locations of the nearest hospitals. The rising adoption of electronic systems in the healthcare sector is thus likely to be a key driver for the global location-based services and real time location systems market in the coming years.

The report profiles the leading players operating in the global location-based services and real time location systems in order to shed light on the competitive dynamics of the market. Key companies examined in the report include Google Inc., Cisco Systems, Ericsson, IBM Corporation, Qualcomm, Microsoft Corporation, Teldio, and Zebra Technologies.

Author: Rohit Bhisey

As Head of Marketing at TMR Research, Rohit brings to the table over a decade of experience in market research and Internet marketing. His dedication, perseverance, and passion for perfection have enabled him to achieve immense success in his field. Rohit is an expert at formulating new business plans and strategies to help boost web traffic. His interests lie in writing news articles on technology,healthcare and business.

Leave a Reply