Location Based Services Market Size & Industry Share by Leading Companies, Opportunities, Revenue Growth, Trends and Outlook (2020-2026)

The global location based services market size is projected to reach USD 66.61 billion by 2026. According to a report published by Fortune Business Insights(TM), the market was worth USD 16.14 billion in 2018. Driven by applications across diverse industries, the market will exhibit a CAGR of 20.0% during the forecast period, 2019-2026.

The report provides a 360-degree overview of the market, listing various factors restricting, propelling, and obstructing the market in the forecast duration. The report also provides additional information such as interesting insights, key industry developments, detailed segmentation of the market, list of prominent players operating in the market, and other location based services market trends. The report is available for sale on the company website.

For More Information and Detailed Scope of this Report, Visit - https://www.fortunebusinessinsights.com/industry-reports/location-based-services-market-101060

Regional Analysis for Location Based Services Market:

North America (the USA and Canada)
Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
Latin America (Brazil, Mexico and Rest of Latin America)
Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

Location based services are used in applications across diverse industries. The increasing use of social media and smartphones has emerged in favor of market growth. The use of smart devices and the increasing applications of this product with the help of location based services will contribute to the growth of the market in the coming years. Location based services (LBS) are used in global positioning systems (GPS), theft detection, tracking devices, and other devices that will constitute an increase in the location based services market size in the coming years.

Some of the leading companies that are operating in the global location based services market are:

AT&T Inc.
Cisco Systems, Inc.
Telefonaktiebolaget LM Ericsson
IBM Corporation
Alcatel-Lucent Enterprise (ALE)
Google LLC
HERE Global BV
Intel Corporation
Microsoft Corporation
Qualcomm Technologies Inc.
Eseye Limited
Apple Inc.

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The report offers insights into the latest location based services market trends. It highlights leading companies in the market and discusses the strategies that these companies have adopted in recent years. Additionally, the report encompasses several factors that have contributed to the growth of the market in recent years. Forecast values of the market have been provided for the period of 2019-2026. The competitive landscape scenario has been discussed in detail. The market has been segmented on the basis of several criteria including component, end user, application, and regional demographics. Factual figures have been evaluated through trusted sources. Other forecast values have been gathered through interviews and opinions of experienced market research professionals.

"Increasing Number of Mergers and Acquisitions to Aid Growth"

The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of mergers and acquisitions have had the highest impact on market growth. In May 2019, Foursquare announced the acquisition of Placed, a company engaged in location analytics. With this acquisition, Placed will gain access to Foursquare's massive global customer reach. The company will strengthen its business hold in the United States. This acquisition will not only help the company generate substantial location based services market revenue but will have a direct impact on the growth of the global market in the coming years.

Major Table of Contents for Location Based Services Market:

Introduction
Executive Summary
Market Dynamics
Key Location Based Services Market Insights
Global Market Analysis, Insights and Forecast, 2015-2026
North America Market Analysis, Insights and Forecast, 2015-2026
Europe Market Analysis, Insights and Forecast, 2015-2026
Asia Pacific Market Analysis, Insights and Forecast, 2015-2026
The Middle East and Africa Market Analysis, Insights and Forecast, 2015-2026
Latin America Market Analysis, Insights and Forecast, 2015-2026
Competitive Landscape
Global Location Based Services Market Revenue Share Analysis, By Key Players, 2020
Company Profiles
Conclusion

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Fortune Business Insights(TM) offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

This release was published on openPR.