Location-based services (LBS) and real time location systems (RTLS) Market to Reflect Impressive Growth Rate of 39.2% by 2024 | Global Key Players (Cisco, Google, IBM, Microsoft, Oracle, ESRI, ZIH)

Marketprognosis.com Publish a New Market Research Report On “Global Location-based services (LBS) and real time location systems (RTLS) Market – Industry Trends and Forecast to 2024” which contains global key player’s survey information and forecast to 2024.

Overview of the Global Location-based services (LBS) and real time location systems (RTLS) Market:

The Global Location-based services (LBS) and real time location systems (RTLS) Market accounted for USD 16.2 Billion in 2016 growing at a CAGR of 39.2% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Location-based services (LBS) is a location based software which requires the real location of the mobile device and through this the user can easily get information about different locations for instance, the nearest hospital, bank or ATM. Real time location systems (RTLS) helps in detecting the current geographical location of an object. RTLS and LBS are widely applicable in BFSI, defense, government and public utilities, healthcare and life sciences, industrial manufacturing, media and entertainment, retail and e-commerce, transportation and logistics, and others. Higher adoption of business intelligence and increasing market competitiveness may act as the major driver in the growth of location-based services (LBS) and real time location systems (RTLS) market. On the other side, lack of awareness, expertise, and other operational challenges may hamper the market.

Major Key Players:

1 Cisco Systems, Inc.

2 Google, Inc.

3 IBM Corporation

4 Microsoft Corporation

5 Oracle

6 ESRI

7 ZIH Corp and More…………….

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The Global Location-based services (LBS) and real time location systems (RTLS) Market is segmented on the basis of Location Type into Indoor Location and Outdoor Location. On the basis of Hardware, the global location-based services (LBS) and real time location systems (RTLS) market is segmented into sensors and readers, tags and transponders, and others.

On the basis of Technology, the Global Location-based services (LBS) and real time location systems (RTLS) Market is segmented into satellite, microwave, and infrared remote sensing, OTDOA and E-OTD, RFID and NFC, context-aware technology, Wi-Fi/WLAN, UWB, BT/BLE, beacons, and A-GPS, and others.

Geographically, the Global Location-based services (LBS) and real time location systems (RTLS) Market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

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This study answers to the below key questions:

1 What will the market size be in 2024 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Location-based services (LBS) and real time location systems (RTLS) Market.

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