Global Location-Based Services Market to Expand with Advancements in Corporate Software Tools

The demand within the global location-based services market is growing in lieu of advancements in corporate management. The increasing reliance of companies and offices on hardware technologies has created fresh opportunities for market growth. Furthermore, the use of location-based services for accessing files and data from a common portal has also created fresh opportunities for market growth. Therefore, the global location-based services market is slated to become a powerhouse of revenues in the coming years. Several access policies pertain to the use of location-based services, and these policies can be adjusted according to location or time-of-day. The contemporary-day digital industry is becoming increasingly reliant on the use of these services.

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This blog by TMR Research throws light on the most important factors responsible for the growth of the global location-based services market. The blog looks into applications of location-based services across entertainment channels, corporate management practices, and individual storage requirements.

Need for Data Analysis

The use of data mining tools to gather key information about specific areas comes under the purview of location-based services. There is a huge-scale demand for location-based services in information service and social networking. Besides, new industries are also on the verge of adopting location-based services in order to drive growth.

Growth of Healthcare Industry

ATMs or cash points are also monitored with the help of location-based services. This factor, couple with the stellar importance of plastic money, has generated fresh revenues for market growth. The healthcare industry has lately become a key consumer of location-based services. The need for improved patient monitoring has also created fresh opportunities for market growth.

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Some of the prominent players operating in the global location-based services market are International Business Machines Corporation, Ltd., LTD., Bharti Airtel, Cisco Systems, Inc., and Oracle Corporation.

Location-based Services Market: Latest Report with Future Trends Analysis

The global market for location-based services has witnessed a significant upswing in demand for new and improved services and solutions from government bodies, and industries such as defense, BFSI, healthcare, transportation, e-commerce and media and entertainment. With the constantly and rapidly rising number of cellular phones and a host of other wireless mobile computing devices such as tablets and personal digital assistants in the world, the user base of location-based services is also rapidly rising. Location-based or location-aware applications are becoming a norm in most web-enabled mobile devices and location-based services have come under the realm of everyday use entities for the global population. 

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The rising consumer awareness about location-based services is encouraging companies to think of the myriad of possibilities that can be realized in terms of reaching out to consumers in innovative ways. Government bodies are using location-based services as a critical tool in implementing better safety measures for peoples and places; the defense industry is using location-based services to be better aware of a situation that calls for action; and the e-commerce industry is using these services to be more secure and accurate in transactions. 

A myriad of other applications of location-based services are presently realized across several industries and many more are increasingly coming to the fore. In the next few years, this rising set of applications will allow the global location-based services market growth at a promising pace. 

Global Location-based Services Market: Report’s Scope and Segmentation Criteria

This report on the global location-based services market presents a detailed overview of the market’s present 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. 

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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.

Location-based Services Market Rapid Advancements in Technology by 2025

Global Location-based Services Market: Snapshot

Location-based services form a part of a software application, which with the help of location information from IP-capable devices, track the location of a particular device. The increasing implementation of location-based search with social networking sites is providing a fillip to the global location-based services market. The growing inclination of smartphone manufacturers and location-based services providers towards the development of applications that combine location-enabled search with social networking websites to allow users to post their updates on social media with exact location information is boosting the popularity of these services.

From the geographical standpoint, developed regions are expected to be major revenue contributors throughout the forecast horizon. North America will command a substantial share in the global arena, thanks to the increasing adoption of advanced technologies such as geo-fencing and GPS. The rising usage of location-based services in multiple industries such as retail, healthcare, and defense is also contributing to the region. Moreover, the growing implementation of mobile media by enterprises is triggering the popularity of these services in the region.

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Asia Pacific, on the other hand, will be offering tremendous lucrative opportunities for the market during the same period. The rapidly growing population and rising consumer inclination are driving the adoption of location-based services in the region. Besides this, the proliferation of smartphones and emergence of countries such as India, China, Japan, and South Korea as technology hubs are also supplementing the growth of the region.

Global Location-based Services Market: Overview

The global market for location-based services has witnessed a significant upswing in demand for new and improved services and solutions from government bodies, and industries such as defense, BFSI, healthcare, transportation, e-commerce and media and entertainment. With the constantly and rapidly rising number of cellular phones and a host of other wireless mobile computing devices such as tablets and personal digital assistants in the world, the user base of location-based services is also rapidly rising. Location-based or location-aware applications are becoming a norm in most web-enabled mobile devices and location-based services have come under the realm of everyday use entities for the global population.

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The rising consumer awareness about location-based services is encouraging companies to think of the myriad of possibilities that can be realized in terms of reaching out to consumers in innovative ways. Government bodies are using location-based services as a critical tool in implementing better safety measures for peoples and places; the defense industry is using location-based services to be better aware of a situation that calls for action; and the e-commerce industry is using these services to be more secure and accurate in transactions.

A myriad of other applications of location-based services are presently realized across several industries and many more are increasingly coming to the fore. In the next few years, this rising set of applications will allow the global location-based services market growth at a promising pace.

Global Location-based Services Market: Report’s Scope and Segmentation Criteria

This report on the global location-based services market presents a detailed overview of the market’s present 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.

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https://www.tmrresearch.com/location-based-services-market

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.

Advent of Mobile Devices to Boost Location-Based Services Market

San Francisco, California, October 09, 2017 – The global market for location based services is projected to undergo immense growth opportunities in the coming years, as reported by TMR Research. The report published by the market research company, titled, “Location-based Services Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025,” explains how the market for location-based services has seen a critical rise popular for better than ever services and arrangements from government bodies, and businesses, for instance, health care, BFSI, defense, transportation, web based business and media and entertainment.

Location based services allude to services offered through the cell phones to consider the geological location of the gadgets. Such services encourage enhanced knowledge on organizations and their client base over investigation.

The worldwide location based services market is driven by various components, including surging market of cell phone and tablets in the creating nations, accessibility of ease GPS gadgets, headway in expository capacities in correspondence innovation, expanding utilization of vehicle following and administration and the extension of 3G and 4G web services in emerging markets.

Location-based advertising, business insight and analytics, social media communication, mapping and route, and others including disaster management are the application parts in the worldwide location-based services market. In addition, increment sought after for location-based services, for example, in web based business organizations, nourishment conveyance and shopping applications, tourism sites, informal communication applications, and others are relied upon to supplement the development of the worldwide location-based services market.

The rise of Real-Time Location Systems (RTLS) has additionally enlarged the open door regions for LBS. Furthermore, advances empowering LBS, for example, Internet of Things (IoT) and shrewd wearable gadgets have assumed a noteworthy part in improving the appropriation of driving advances in this market. The main considerations in charge of the upsurge of RTLS incorporate ideal asset use through productive resource following and administration with the assistance of RTLS, expanding institutionalization, declining expense of RTLS equipment and programming, mechanical progressions, and heightening applications in various industry areas going from medicinal services to protection and government bolster and subsidizing.

Innovations in location-based services has risen as a spearheading device to drive new open doors in the market. This innovation is upheld by cutting edge programming and equipment location-based arrangements. A large part of the main programming based arrangements incorporate geocoding and setting content aware innovation, while top equipment based arrangements incorporate sensors, readers, and labels and transponders.

Based on the technological innovation, the report inspects the market for location-based administration advances, for example, worldwide situating framework (GPS), helped GPS, Bluetooth, Wi-Fi, geofencing, and watched time contrast. The key zones of use of location-based services broken down in the report incorporate mapping and route, crisis bolster, debacle administration, and business examination and insight. The key end-utilize ventures using location-based services incorporate government, protection and flight, retail, social insurance, farming, transportation, web based business, and media and excitement.

The market contains location suppliers, location innovation engineers, advanced guide suppliers, stage suppliers, application designers, route suppliers, versatile administrators, closeness web-based social networking marketing suppliers that makes the market very divided and aggressive. The market is additionally seeing a high convergence of financial specialists because of the high capability of versatile promoting and location-based gaming services as far as development and productivity.

Some of the leading players of the global location-based services market are SAP SE, Microsoft Corporation, Apple, Inc., Bharti Airtel, LTD., and Microsoft Corporation.

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