Geomarketing Market 2021 Startegic Assessment- Microsoft Corporation, IBM Corporation, Oracle Corporation, Google LLC, Cisco Systems

The report presents an in-depth assessment of the Geomarketing Market including enabling technologies, key trends, market drivers, challenges, regulatory landscape, deployment models, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Geomarketing investments from 2021 till 2025.

The geomarketing market is expected to reach USD 18.21 billion by 2025 from the present estimate of USD 7.35 billion in 2019 at a CAGR of 16.32% during the forecast period.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Geomarketing Market: Microsoft Corporation, IBM Corporation, Oracle Corporation, Google LLC, Cisco Systems, Inc., Adobe Systems Inc., Xtremepush Limited, Ericsson Inc., ESRI Business Information Solutions Inc, Software AG, Qualcomm Inc.

Key Developments:

- May 2020 - ESRI Business Information Solutions Inc has partnered with the Inter-American Development Bank (IDB) to provide free access to geospatial technology in response to the COVID-19 emergency in Latin America and the Caribbean (LAC). Governments of the region will be able to use a COVID-19 solution to track critical equipment and assets availability, manage supply chains, and maintain business continuity.
- March 2020 - Bluedot, a leading provider of first-person location data, has announced an integration with Oracle Responsys, a real-time, omnichannel orchestration platform within the Oracle Marketing Cloud, to harness the power of location. The integration will give Oracle Responsys clients access to real-world insights needed to create meaningful, timely campaigns with their end customers.

Market Overview:

Increasing adoption of digital mapping by many businesses, technological advancement in location-based analytics, and increasing need to analyze the huge business data to draw spatial reference insights to supply the right product to the right consumer at the right time that can surge companys revenue are some of the primary factors boosting geomarketing market.
- Increasing establishments of multinational companies in different geographical locations with various cultural, demographic, food and linguistics preference, have forced companies to opt geomarketing software that will provide a series of data and information that can be employed to identify and convert potential customers to real customers through marketing strategy.

Regional Analysis:

For comprehensive understanding of market dynamics, the global Geomarketing Market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Key Market Trends
Location Based Services is Expected to Witness Significant Growth and Drive the Market
- Technological advancement in smart devices (smartphones, smart wearables, laptops), wireless connectivity, Internet of Things, cloud computing, has successfully increased the traffic and has driven the demand for analytical services due to their ability to analyze and deliver real-time geo-data.
- Moreover, increasing brand dependence on location-based service providers to determine customers requirements and to verify customers needs and their offerings are on the same level in order to remain one step ahead of competitors has driven the growth of the market. Companies also utilize location-based technology, advanced analytics, and automation to highly personalized customer experience and build brand loyalty to reduce churn rate due to ongoing competition.
- According to the study, brand loyalty aid companies to achieve revenue gains of 5% to 10% and reduce its costs by 15% to 25% within two or three years as new customer acquisition costs five times as to retain the current old customer.

The report has 150 tables and figures browse the report description and TOC:

https://www.marketinsightsreports.com/reports/10192358169/geomarketing-market-growth-trends-and-forecasts-2020-2025?Mode=48       

What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Geomarketing Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Finally, Geomarketing Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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