Press release
Location Analytics Market 2022: In-depth Research with Emerging Growth Trends, Regional Status of Top Key Players, Driving Factors, Business Strategies and Industry Size Forecast to 2028
Location Analytics Market 2022-2028
New study report" Location Analytics Market 2022 Market Opportunities, Challenges, Strategies, and Forecasts 2028″ has been added to Fortune Business Insights.
Market Overview:
The global location analytics market size is expected to gain momentum by reaching USD 36.22 billion by 2028 while exhibiting an impressive CAGR of 15.1% between 2021 to 2028. In its report titled " Location Analytics Market Size, Share & COVID-19 Impact Analysis, By Component (Solution, Services), By Location Type (Indoor, Outdoor), By Deployment (On-Premises, Cloud), By Application (Disaster and Emergency Response Management, Sales and Marketing Optimization, Supply Chain Management), By Vertical (BFSI, Transportation and Logistics, Government and Defense, Tourism and Hospitality), and Regional Forecast, 2021-2028." Fortune Business Insights mentions that the market stood at USD 11.80 billion in 2020.
Driving Factors:
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.
List of Companies 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
Covide-19 Impact:
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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Method of Research:
Fail-safe, modern research methodologies are employed for the Location Analytics market analysis. An exhaustive primary and secondary research conducted on the market using robust research techniques aid in the prediction of the market size at the end of forecast period. Top-up and bottom-down approaches were maintained in the entire market study.
Report Coverage:
Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
Comprehensive insights into the regional developments.
List of major industry players.
Key strategies adopted by the market players.
Latest industry developments such as product launches, partnerships, mergers, and acquisitions.
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.
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Segmentation:
The regional summarization of the Location Analytics market offers competitive strategies in different regions across the globe. Moreover, the market's key players are contributing to the market growth that tends to maximize the profits through the partnership in several places. The Location Analytics market research is done broadly with the mentioned region to embrace the outlook and the latest trend with the prospects in the given period of 2022-2026.
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.
Major Table of Content:
Introduction
Executive Summary
Market Dynamics
Key Insights
Location Analytics Market Analysis, Insights and Forecast, 2022-2028
North America Location Analytics Market Analysis, Insights and Forecast, 2022-2028
Europe Location Analytics Market Analysis, Insights and Forecast, 2022-2028
Asia Pacific Location Analytics Market Analysis, Insights and Forecast, 2022-2028
Middle East and Africa Location Analytics Market Analysis, Insights and Forecast, 2022-2028
Latin America Location Analytics Market Analysis, Insights and Forecast, 2022-2028
Market Share Analysis, By Key Players, 2022
Competition Matrix
Company Profile
Continue….
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About Us:
Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Contact Us:
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Email: sales@fortunebusinessinsights.com
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