Press release
Exclusive Report on Global Location Analytics Market Key players - Google, Esri, Precisely
According to the report, The global Location Analytics market size was valued at $12.61 billion in 2020 and is expected to reach $41.40 billion by 2028 growing at the CAGR of 15.42% from 2021 to 2028. This growth is attributed to• Integration of AI with location analytics
A lot of companies have been investing in AI. It looks like in the next few years it's going to become an integral part of many different industries. There is a lot of information out there on AI, but one thing that so many people seem to forget about is GIS system which uses location data to provide insight into your company's supply chain or customers.
• The market is hampered by consent and privacy breaches.
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The recently published research report on Global Location Analytics Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.
The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Location Analytics market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.
The New Normal
As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.
In terms of COVID 19 impact, the Location Analytics market report also includes the following data points:
• COVID19 Impact on Location Analytics market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Location Analyticsmarket
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Key Players
Some of the major Location Analytics players holding high market share include Google, Esri, Precisely, SAP These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• Esri
• Precisely
• SAP
• IBM
• Oracle
• Cisco
• TomTom
• Hexagon
• Zebra Technologies
Segmental Analysis
Market Segment By Service with focus on market share, consumption trend, and growth rate of Location Analytics Market:
o Consulting
o Integration and deployment
o Support and maintenance
Market Segment By Solution with focus on market share, consumption trend, and growth rate of Location Analytics Market:
o Geocoding and reverse geocoding
o Data integration and ETL
o Reporting and visualization
o Others
Market Segment By Application with a focus on market share, consumption trend, and growth rate of Location Analytics Market:
o Risk management
o Emergency response management
o Customer experience management
o Remote monitoring
o Supply chain planning and optimization
o Sales and marketing optimization
o Others
Market Segment By Application with a focus on market share, consumption trend, and growth rate of Location Analytics Market:
o Retail
o Manufacturing
o Government and defense
o Media and entertainment
o Transportation and logistics
o Healthcare
o Insurance
o Others
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Global Omnichannel Logistics Market Geographic Coverage:
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia Pacific
• Rest of the World
o South America
o Middle East & Africa
North America holds the larger share in the market owing to the increasing trends in automation and technological advancement.
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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.
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