Press release
Geomarketing Market 2022 Growth, Prominent Players: Microsoft Corporation, IBM Corporation, Oracle Corporation
The Geomarketing Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Geomarketing market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Geomarketing market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Geomarketing market.The geomarketing market is expected to reach USD 18.21 billion by 2026 from the present estimate of USD 7.35 billion in 2020 at a CAGR of 16.32% during the forecast period.
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Top Leading Companies of Geomarketing Market are - 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. and others.
Industry News and Updates:
- 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.
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.
North America Will Experience Significant Growth and Drive the Market
- North America is expected to dominate the market studied over the forecast period, mainly due to the increasing IT spending, acceptance of innovative and advanced technologies, and the presence of a large number of significant market vendors in the region.
- According to the report, IT spending on products and services in North America is forecast to grow 3.7% in 2019, will exceed USD 1 trillion in 2020, and will account for 40% of all worldwide revenues over the period. Further, United States spending on software will grow at a healthy 7.9% CAGR over the forecast period, making it the largest category by 2020.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Geomarketing Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Geomarketing Market (%),2016 - 2026
- Geomarketing Market Share, By Brand
- Geomarketing Market Share, By Company
- Geomarketing Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Geomarketing Market Value Analysis & Forecast
- Promising Geomarketing Development by Major Companies
- Detailed Geomarketing Portfolio of the Major Companies
- Major Deals in the Geomarketing Market
- Major Companies Analysis
Browse Full Report at:
https://www.marketinsightsreports.com/reports/02082593331/geomarketing-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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