Press release
Location Analytics Market 2022 Reach Valued At $ 36.22 billion And Grow At A 15.1% CAGR Forecast To 2029 | Top Leaders: Microsoft Corporation, Google LLC (Alphabet Inc.), Zebra Technologies Corporation, Esri, Precisely AB....
Location Analytics Market
New study report” Location Analytics Market 2022 Market Opportunities, Challenges, Strategies, and Forecasts 2029″ has been added to Fortune Business Insights.
Market Overview:
At the beginning of a recently published report on the Location Analytics Market 2022-2029, extensive analysis of the industry has been done with an insightful explanation. The overview has explained the potential of the market and the role of key players that have been portrayed in the information that revealed the applications and manufacturing technology required for the growth of the Location Analytics market.
The global location analytics market size is expected to gain momentum by reaching USD 36.22 billion by 2029 while exhibiting an impressive CAGR of 15.1% between 2022 to 2029. That the market stood at USD 11.80 billion in 2020.
Various segments of the market have been divided into different divisions. They have been depicted maximum share and profit maximization of the market during the forecasting period of 2022 to 2029. This is mentioned in the report too. Depending on the information, it has been recognized with different data and figures offered by the analysis of the overall understanding of the market place and value. Various distinctive features involve the market’s knowledge based on the factors like the demographic changes, market dimensions, historical details, and market overviews. The research is also included in the strategic movements that are undertaken by the top-notch markets. Moreover, these key players affect the market growth and the profit rate of the overall market. In this report, the internal dimensions and assessments of the Location Analytics market are revealed. The study of the Location Analytics market’s description has been taking place during the 2022 period and the last year of the foreseen period that extends to 2029.
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List of Key Players Covered in the Location Analytics Market Report:
Microsoft Corporation
Google LLC (Alphabet Inc.)
Zebra Technologies Corporation
Esri
Precisely AB
SAP SE
International Business Machines Corporation
Pitney Bowes
TomTom
SAS Institute Inc.
Oracle Corporation
Cisco Systems, Inc.
Hexagon Software
GaliGeo
Here Technologies
Geomoby
Alteryx
IndoorAtlas Ltd.
COVID-19 Impact:
The global economy felt a state of shock due to the virus outbreak. Due to the pandemic, the market declined marginally in 2020 due to the sudden lockdown to curb the virus’s spread. However, several key players worldwide are working on using location-based systems to track down the movement of COVID-19 positive patients. For instance, the Indian Ministry of Healthcare launched AarogyaSetu, an innovative Bluetooth and location service-based smartphone application that helps know the nearby location of COVID-19 positive patients, thus helping keep users safe. The market for location analytics is expected to boom back again in upcoming years.
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Driving Factor:
Rising Adoption of Geospatial Tools to Cater Targeted Products to Fuel Market Growth
The rising digitization has made businesses rely on applications that provide them with data to know their customer behavior. By combining the location data, business knows consumer location that helps them in catering targeted products, know the regional demand ratio of specific products, and provide consumers guidance to nearby shops based on their needs. For instance, in May 2018, a leading technology and location intelligence company, Pitney Bowes Inc., announced the launch of their latest version of MapInfo Pro. This new version will help provide custom solutions for businesses and analysts for simplified user interfaces with robust GIS software, thereby driving location analytics market growth.
Market Segmentation:
By component, the market for location analytics is divided into Solution Services. By location type, it is bifurcated into indoor and outdoor. Based on deployment, it is divided into on-premises and cloud. Based on the application, it is segmented into disaster and emergency response management, sales, and marketing optimization, supply chain management, customer experience management, risk assessment and mitigation, and others. By vertical, it is divided into BFSI, transportation and logistics, government and defense, tourism and hospitality, manufacturing, healthcare, retail, IT and telecommunications, and others.
Regional Insights:
North America to Remain at Forefront; Rising Demand for Location Intelligence Solutions to Aid Growth
North America is expected to remain at the forefront and hold the largest global location analytics market share during the forecast period. This is due to the rising demand from government, defense, retail, and others for location analytics solutions. During the pandemic, the government relied heavily on geolocation tools to track down people’s social distance. For instance, in March 2020, the US government announced its collaboration with Google, Facebook, and others to help them in locating people suffering from viruses. The market stood at USD 4.52 billion in 2020.
Asia Pacific is expected to showcase significant growth in the market. This is attributable to the rising industrialization in developing economies such as China and India. Additionally, increased investment in IT infrastructure and availability of low-cost smartphones promoting the regional market.
Key Industry Development:
January 2021 –The global leader in location technology, Esri announced the launch of ArcGIS Platform. This platform will help in integrating location capabilities in certain applications. This geospatial platform uses web frameworks and APIs of their preference and thus allows developers access to Esri’s efficient position services.
Major Table of Content:
Introduction
Executive Summary
Market Dynamics
Key Insights
Location Analytics Market Analysis, Insights and Forecast, 2022-2029
North America Location Analytics Market Analysis, Insights and Forecast, 2022-2029
Europe Location Analytics Market Analysis, Insights and Forecast, 2022-2029
Asia Pacific Location Analytics Market Analysis, Insights and Forecast, 2022-2029
Middle East and Africa Location Analytics Market Analysis, Insights and Forecast, 2022-2029
Latin America Location Analytics Market Analysis, Insights and Forecast, 2022-2029
Market Share Analysis, By Key Players, 2022
Competition Matrix
Company Profile
Continue….
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