Location-Based Services (LBS) and Real-Time Location Systems (RTLS) Market 2022 Key Players, SWOT Analysis, Key Indicators, Forecast and COVID-19 Impact Analysis 2030

SDKI Inc. published a new report, Location-Based Services (LBS) and Real-time Location Systems (RTLS) Markets-Global Forecasts 2023. This study includes the statistical and analytical approaches needed to grow the LBS and RTLS markets. The key industry insights provided in the report provide readers with better ideas about market overviews regarding existing market scenarios. In addition, the report contains a detailed discussion of current and future market trends related to market growth.

Report sample URL
https://www.sdki.jp/sample-request-110082

The global LBS and RTLS market is estimated to grow from US $ 22.18 billion in 2018 to US $ 68.85 billion by 2023, with a CAGR of 25.4% during the forecast period. Growth in the LBS and RTLS markets is expected to be driven by key factors such as increased demand for mobile and web apps, increased use of smartphones for advertising, and implementation of digital transformation strategies. In addition, increased investment in analytical technology is one of the most important factors driving market growth.

Market Segments

The LBS and RTLS markets are divided by location type (indoor and outdoor), software (geocoding and reverse geocoding, location and predictive analytics), hardware, service, industry vertical, and region. .. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

The retail and e-commerce industry is expected to hold the largest market share during the forecast period.

Report sample URL
https://www.sdki.jp/sample-request-110082

LBS and RTLS play a key role in managing retail apps and improving the user experience. Retailers LBS and RTLS improve traditional ways of understanding customer buying behavior and provide a digital platform for customers and sellers to interact and build trustworthy relationships. Social networking platforms such as Facebook, Instagram and WhatsApp have transformed the shopping experience with the help of LBS and RTLS technologies. This makes it easier for you to understand your interests and provide you with the right products, ads, or campaigns that impact your customers and enhance your overall buying and selling experience.

Regional Overview

The LBS and RTLS markets are further subdivided based on region and are evaluated for market growth in each country. These include North America (US, Canada, and other North America), Europe (Germany, France, Italy, Spain, United Kingdom, and other Europe), Asia Pacific (China, Japan, India, Australia, and other Asia Pacific). ) And other regions.

North America is expected to hold the largest market size and APAC is expected to grow at its highest rate during the forecast period.

The high market share in North America is due to the large number of LBS vendors in the United States. Startups are also booming in the LBS and RTLS markets in the region. Of the 340 startups analyzed, 79% are from North America. In addition, the US market for LBS and RTLS is expected to dominate the entire North American region due to the strong development of infrastructure in terms of domestic smart cities, smart buildings and smart transportation.

Asia Pacific (APAC), on the other hand, is expected to grow at the highest CAGR during the forecast period due to the dynamic change in LBS and RTLS adoption in multiple vertical markets. The presence of large populations, technological developments, and high growth in countries such as China, India, Australia, Japan, Singapore and Hong Kong are key factors in the growth of the LBS and RTLS markets in the region.

Detailed contents of the survey report
https://www.sdki.jp/reports/location-based-services-lbs-and-real-time-location-systems-rtls-market/110082

Key Players

The Market LBS and RTLS Key players in the market include Cisco (US), Google (US), IBM (US), Microsoft (US), Oracle (US), TomTom (Netherlands), and Apple (US). US), Esri (US), Ericsson (Sweden), Qualcomm (US), Zebra (US), Ubisense (UK), Pitney Bowes (US), Baidu (China), Foursquare (US), Centrak (US), Ekahau (USA), Galigeo (France), HERE (Netherlands), Teldio (Canada), Navigine (USA), Living Map (UK), infsoft (Germany), AiRISTA (Maryland), Quuppa (Finland). The survey includes a detailed competitive analysis of these key companies in the LBS and RTLS markets, company profiles, recent developments, and key market strategies.

Contact Us

Hina Miyazu
15/F Cerulean Tower, 26-1 Sakuragaoka-cho
Tokyo, Shibuya-ku, Japan
+ 81345720790
sales@sdki.jp

SDKI Inc. Company Profile

SDKI Inc.'s goal is market scenarios in various countries such as Japan, China, the United States, Canada, the United Kingdom, and Germany. Is to clarify. We also focus on providing reliable research insights to clients around the world, including growth indicators, challenges, trends and competitive environments, through a diverse network of research analysts and consultants. With SDKI gaining trust and a customer base in more than 30 countries, SDKI is even more focused on expanding its foothold in other pristine economies.

This release was published on openPR.