United States Location-based Services Market 2021 with Competitive Landscape and Industry Analysis, Business Outlook, Current and Future Growth By 2028

The United States Location-based Services Market was valued at USD 36.69 Billion in 2020 and is projected to reach USD 221.43 Billion by 2028, growing at a CAGR of 35.21% from 2021 to 2028.

The United States Location-based Services market report is designed in such a way that it delivers all the important information such as drivers, challenges, restraints, opportunities, and emerging trends for the forecast period 2021-2028. The United States Location-based Services market report has been created by using primary and secondary research methods. The report covers forecast and analysis for the market on a global and regional level. The report also encompasses a market analysis based on the market size, growth rate, and general attractiveness. Furthermore, the report covers key strategic developments of the market including mergers and acquisitions, collaborations, partnerships, joint ventures, agreements, new technology launch, research & development, and regional expansion of major participants involved in the market.

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Based on industry vertical, the healthcare and life sciences segment is expected to hold a significant share in the location based services industry in the forecast period. This can be attributed to the increased mobility in healthcare operations. In addition, the location based services offer better asset management mechanism, which allows for easy retrieval of equipment, thus, decreasing maintenance costs. Moreover, the location based services are primarily used in asset tracking, patient and employee tracking, and temperature and humidity monitoring in the medical sector.

The factors such as a rise in sales of smartphones, increasing adoption of ADAS technology from the automotive sector, and the advent of CMOS image sensor technology will also help augment the imaging sensor market size in the forecast period.

An Important Area of the Report:

1- What was the market size from 2015-2021?
2- What will be the market growth by 2028?
3- Which segment and region are leading the market and why?
4- What are the important sustainability strategies adopted by major players?
5- What is the status of the competitive landscape?

Some of the major players operating in the United States Location-based Services Market include:

Ericsson , Syniverse , Ekahau , Galigeo , Masternaut , Pitney Bowes , Tomtom International , Polaris Wireless , TCS , Ruckus , DigitalGlobe.

United States Location-based Services Market Segmentation:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the United States Location-based Services market report on the basis of Types, Applications, and Regions.

On the basis of product, this report displays the sales volume, revenue (Million USD), product price, market share, and growth rate of each type, primarily split into-

• Control plane locating
• Self-reported positioning

On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, including-

• Hospital
• Clinics

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Regional Insights and Analysis 2021:

In this market report, we analyze the global coverage from 5 geographies: North America [United States, Canada, Mexico], South America [Brazil, Argentina, Columbia, Chile, Peru], Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Oceania], Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], Middle East & Africa [GCC, North Africa, South Africa].

COVID-19 Impact:

The COVID-19 had the worst impact on the economy which the world has ever experienced before. It has totally affected the supply chain management and has disrupted the industry’s overall operation, from raw materials to production process and delivery. United States Location-based Services market companies have changed the way they reach their customers.

Scope of the Market Report:

1. The report offers SWOT analysis, PEST analysis, and Porter’s five force analysis of key players and markets that offer key insight into these companies’ strengths and weaknesses.
2. The report covers regional and sub-regional analysis and various factors influencing the growth of the market.
3. The report provides insights about key players along with a thorough analysis of their growth strategies, manufacturing plant and capacity, geographical presence, and product portfolio.

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All the information is compiled and included in the report. The SMI analyzes recent strategic activities, such as partnerships, acquisitions, mergers, collaborations, and joint ventures. The report analyzes the demographics, growth potential, and capability of the market through the forecast period. Moreover, the report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

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This release was published on openPR.