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location-based services market size was valued at US$ 36.35 billion in 2020 and is projected to reach US$ 318.64 billion in 2030 with a CAGR of 24.3% - Valuates Reports
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Location Based Services Market Share Analysis
Based on components, the hardware segment is expected to provide huge opportunities for growth in the location-based services market share due to widespread adoption among various enterprises for effective marketing purposes, geo-tagging, and user-based multimedia content. However, the services segment will grow the fastest due to the rapid deployment of service software in many industry verticals.
Based on technology, the assisted GPS segment will maintain the lead in the location-based services market share and the others segment will grow the fastest during the forecast period.
Based on application, the business intelligence and analytics segment will provide huge scope for growth in the location-based services market share. On the other hand, location-based advertising will grow the fastest during the review period.
Based on industry vertical, transportation and logistics will continue to maintain dominance in the location-based services market share due to the rising need for delivery management and customer satisfaction. While the media and entertainment segment will grow the fastest in the coming years.
Based on region, North America will provide huge scope for growth in the location-based services market share due to the rising shift of businesses towards LBS and digital technology. However, the Asia-Pacific segment will grow the fastest due to the increasing use of GPS-enabled smartphones.
By Component
➣ Hardware
➣ Software
➣ Services
By Technology
➣ GPS
➣ Assisted GPS (A-GPS)
➣ Enhanced GPS (E-GPS)
➣ Enhanced Observed Time Difference
➣ Observed Time Difference
➣ Cell ID
➣ Wi-Fi
➣ Others
By Application
➣ Location-based Advertising
➣ Business Intelligence & Analytics
➣ Fleet Management
➣ Mapping & Navigation
➣ Local Search & Information
➣ Social Networking & Entertainment
➣ Proximity Marketing
➣ Asset Tracking
➣ Others
By Industry Vertical
➣ Transportation & Logistics
➣ Manufacturing
➣ Government & Public Utilities
➣ Retail
➣ Healthcare & Life Sciences
➣ Media & Entertainment
➣ IT & Telecom
➣ BFSI
➣ Hospitality
➣ Others
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