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Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market 2023- Industry Share, Growth, Market Size And Forecast To 2032
Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market Analysis
Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market Size, Growth Rate, And Forecast
The global location-based services (LBS) and real-time location systems (RTLS) market is expected to grow from $21.97 billion in 2022 to $27.28 billion in 2023 at a compound annual growth rate (CAGR) of 24.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The location-based services (LBS) and real-time location systems (RTLS) market is expected to grow to $64.48 billion in 2027 at a CAGR of 24%.
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Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market Drivers
The surge in the use of smartphones is expected to propel the growth of the location-based services and real-time location systems market going forward. A smartphone refers to a portable electronic gadget with a cellular network connection. Location-based services and real-time location systems use the internet, geospatial technologies, and communication technologies to deliver information to individual smartphones in real-time, based on their geographic location, and assist in driving this market.
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Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market Segments
1) By Component: Hardware, Software, Services
2) By Location Type: Indoor, Outdoor
3) By Application: Tracking And Navigation, Marketing And Advertisement, Location-Based Social Networks, Location-Based Health Monitoring, Other Applications
4) By End User: Manufacturing, Healthcare And Life Sciences, Media And Entertainment, Government, Retail, Transportation
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the location-based services (LBS) and real-time location systems (RTLS) market.
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Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market Key Players
Major competitors in the location-based services (LBS) and real-time location systems (RTLS) market include NTT Docomo Inc., Google LLC, Oracle Corporation, Quuppa, Airista Flow Inc., TomTom N.V, Qualcomm Incorporated, Zebra Technologies Corporation, Navigine.
The Business Research Company's "Global Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market Include:
1. Executive Summary
2. Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market Characteristics
3. Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market Trends And Strategies
4. Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market - Macro Economic Scenario
5. Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market Size And Growth
.....
26. Africa Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market
27. Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market
29. Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market Future Outlook and Potential Analysis
30. Appendix
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