Press release
Location Analytics Market Analysis, Future Plans, Technological Advancement, Target Audience, Growth Prospects Predicted by 2022
Market HighlightsLocation analytics use both real time as well as historical data across the geographical locations. The increasing demand from asset management, predictive analytics, increasing usage of various analytical tools are boosting the growth of the location analytics market. Also, growth in the healthcare and energy sector is also boosting the market growth. Location analytics include mapping visualization, spatial analytics and geographic information enhancement.
However, privacy issues and security concerns are hampering the growth of the market. Also, various firms are investing huge amounts for cloud based solutions. For instance, Esri and Cisco System have come up various maps for spatial analytics and also provides geographical information for business intelligence.
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Key Players
The key players in the global location analytics market include TIBCO Software Inc. (U.S.), ESRI (U.S.), Pitney Bowes (U.S.), Oracle Corporation (U.S.), SAP SE (Germany), SAS Institute Inc. (U.S.), Galigeo (France), Cisco Systems, Inc. (U.S.), Alteryx, Inc. (U.S.), IBM Corporation (U.S.), Microsoft Corporation (U.S.) among others.
Market Research Future Analysis
The global Location Analytics Market is expected to grow significantly. The market is highly application basis. Retail segment of location analytics market globally drives the market. The market is expected to have higher growth rate as compared to the previous years.
North-America accounted for the largest market share because of the technological advancements, increasing demand by various sectors, large investments by developers for cloud based solutions.
However, Asia-Pacific region is expected to grow over the forecast period, 2018-2022. The reason attributed to the rapid digital transformation in countries such as China and also improvement of broadband infrastructure.
Segments
According to Market Research Future, market has been segmented into component, software, deployment, end-users and region.
Component
• Software
• Service
Deployment
• On-premises
• Hosted
Software
• Geocoding
• Reverse Geocoding
• Thematic Mapping
• Reporting
• Data Integration
• Spatial analysis
• Others
End-users
• BFSI
• IT & Telecommunications
• Retail
• Healthcare
• Government
• Transportation
• Energy & Utilities
• Government
• Others
Region
• North-America
• Europe
• Asia-Pacific
• RoW
Geocoding accounted for the largest market share out of all the softwares. The reason attributed to the increasing usage by educational institutes, restaurants, hotel to make appropriate decisions.
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LIST OF TABLES
TABLE 1 GLOBAL LOCATION ANALYTICSMARKET, BY COMPONENT
TABLE 2 GLOBAL LOCATION ANALYTICSMARKET, BY SOFTWARE
TABLE 3 GLOBAL LOCATION ANALYTICSMARKET, BY DEPLOYMENT
TABLE 4 GLOBAL LOCATION ANALYTICSMARKET, BY END-USERS
TABLE 5 GLOBAL LOCATION ANALYTICSMARKET, BY GEOGRAPHY
Continued…….
LIST OF FIGURES
FIGURE 1 RESEARCH NETWORK SOLUTION
FIGURE 2 GLOBAL LOCATION ANALYTICSMARKET, BY COMPONENT (%)
FIGURE 3 GLOBAL LOCATION ANALYTICSMARKET, BY SOFTWARE (%)
FIGURE 4 GLOBAL LOCATION ANALYTICSMARKET, BY DEPLOYMENT (%)
FIGURE 5 GLOBAL LOCATION ANALYTICSMARKET, BY END-USERS (%)
Continued…….
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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members
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