Location-Based Services (LBS) and Real-Time Location Systems (RTLS) Market | New Technology and Advancements to watch out for 2025

ReportsnReports published a research report on “Location-Based Services (LBS) and Real-Time Location Systems (RTLS) Market by Component (Platform, Services and Hardware), Location Type (Indoor and Outdoor), Application, Vertical, Region” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2025.

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The Location-Based Services (LBS) and Real-Time Location Systems (RTLS) market to grow from USD 17.8 billion in 2020 to USD 39.2 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 17.1% from 2020 to 2025.

Top Companies Profiled in the Location-Based Services (LBS) and Real-Time Location Systems (RTLS) Market:
• Aruba Networks (US)
• Cisco (US)
• Google (US)
• Esri (US)
• IBM (US)
• Microsoft (US)
• Oracle (US)
• TomTom (Netherlands)
• Teldio (Canada)
• HERE (Netherlands)
• Ericsson (Sweden)
• Foursquare (US)
• Navigine (US)
• AiRISTA Flow (US)
• Quuppa (Finland)
• Ubisense (UK)
• Apple (US)
• Qualcomm (US)
• STANLEY Healthcare (US)
• GE Healthcare (US)
• CenTrak (US)
• Spime (US)
• KDDI (Japan)
• NTT Docomo (Japan)
• Zebra Technologies (US)
• Leantegra (US)

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By component, the platform segment is expected to hold the highest market share in 2020, owning to the Growing need of asset tracking. The rising demand for location analytics is encouraging market vendors to enhance capabilities of their LBS and RTLS platforms in the market. These platforms help to localize, analyze, and act on the changing business conditions and trends.

Among services, the deployment and integration segment is expected to hold the largest market size during the forecast period, compared to the application support and maintenance, and consulting and training segment. Deployment and integration services take care of seamless integration of each location-based software and system, regardless of its technology.

Breakdown of primary participants’ profile:
• By Company Type: Tier 1 – 45%, Tier 2 – 25%, and Tier 3 – 30%
• By Designation: C-Level Executives – 40%, Directors – 35%, and Managers–25%
• By Region: North America – 45%, Europe – 25%, APAC– 20%, and RoW– 10%

Competitive Landscape of Location-Based Services (LBS) and Real-Time Location Systems (RTLS) Market:
1 Competitive Leadership Mapping
1.1 Visionary Leaders
1.2 Innovators
1.3 Dynamic Differentiators
1.4 Emerging Companies
2 Strength Of Product Portfolio
3 Business Strategy Excellence
4 Ranking Of Top Players In The Lbs And Rtls Market, 2020

Research Coverage:
The LBS and RTLS market is segmented by component, location type, application, vertical, and region. A detailed analysis of the key industry players has been undertaken to provide insights into their business overviews; services; key strategies; new product launches and product enhancements; partnerships, agreements, and collaborations; expansions; acquisitions; and competitive landscape associated with the LBS and RTLS market.

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This release was published on openPR.