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Location of Things Market Statistics 2020: Size Rising Growth, Increasing Demand With Leading Key Players Forecast by 2030

03-26-2020 01:13 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Location of Things Market

Location of Things Market

The Objective of the "Global Location of Things Market" report is to depict the trends and upcoming for the Location of Things Market industry over the forecast years. Location of Things Market report data has been gathered from industry specialists/experts. Although the market size of the market is studied and predicted from 2020 to 2030 mulling over 2019 as the base year of the market study. Attentiveness for the market has increased in recent decades due to development and improvement in the innovation.

Access Full Summary: https://www.alliedmarketresearch.com/location-of-things-market

LoT has prominent potential in the market and is expected to grow in near future due to spurge in usage of location-based services. LoT helps to pin-point the location, which can be used to navigate, optimize routes, reduce theft by tacking & alerts, and increase in the customer engagement by sending push notification if they are in the vicinity. However, security and privacy is a noteworthy concern regarding LoT solutions.

The commercialization of location-based services such as navigation and cab service and growth in adoption of IoT-based products & services drive the market growth. In addition, use of location-based applications by end users fuels the market. However, the security and privacy regarding the identity of the user is the foremost concern in the adoption of cloud retail. Surge in adoption of cloud technology, evolution of IoT, and high demand for real-time location analysis creates significant opportunities for the growth of the LoT market. However, privacy and security of user identity concerns is expected to hamper the market growth.

The market for LoT is segmented based on location type, application, industry vertical, and geography. In terms of location type, it is divided into indoor and outdoor locations. Based on application it is classified into mapping & navigation, location-based customer engagement & advertising platform, location-based social media motoring, IoT asset management, and IoT location intelligence. As per industry vertical, it is categorized into banking, financial services, and insurance, aerospace & defense, healthcare, public sector, IT & telecom, retail, transportation & logistics, and others. By geography, it is studied across North America, Europe, Asia-Pacific, and LAMEA.

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Global Market Players of Location of Things Market:

o Bosch Software Innovations GmbH
o Google Inc.
o IBM Corporation
o Microsoft Corporation
o ESRI Business Information Solutions Inc.
o Qualcomm Technologies Inc.
o Wireless Logic Inc.
o Ubisense Group PLC
o Pitney Bowes Inc.
o HERE Holding Corporation

Key questions answered in Location of Things Market research study:

o What is the market growth rate of Location of Things Market from 2020-2030?
o What will be the global market size of the market from 2020 to 2030?
o Who are the leading global players in the Location of Things Market?
o What are the current trends and predicted trends?
o What are the challenges faced in the Location of Things Market?
o Which will be the niches at which players profiling with thorough plans, financials, and also recent advancements should set a presence?
o Which will be the anticipated growth rates for your own Location of Things Market economy altogether and also for every segment inside?
o Which will be the Location of Things Market application and types and forecast accompanied closely by producers?
o What are the conclusions of the Location of Things Market report?

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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