Press release
Location-Based Services Market to Surge to $239.7 Billion by 2029, Fueled by Strategic Planning and Agriculture Strengthening
Meticulous Research®, a global leader in market research, recently unveiled its comprehensive research report titled "Location-based Services Market by Component, Technology (GPS, Wi-Fi, NFC), Application (GIS, Navigation, Tracking, Social Media), Location, Industry Vertical (Logistics, Retail, Healthcare, Media, Defense, Hospitality, BFSI) - Global Forecasts to 2029". The study anticipates a robust CAGR of 15.2% from 2022 to 2029, projecting the market to achieve a remarkable valuation of $239.7 billion by 2029.
Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5252
The location-based services market is witnessing significant growth due to several driving factors. Notably, the escalating importance of location-based services in strategic planning and crime analysis, coupled with the increasing adoption of these services to fortify the agriculture sector, has contributed to market expansion. The proliferation of location-based services in the retail sector further augments the market growth trajectory.
Key Growth Drivers:
1. Strategic Significance: Growing importance in strategic planning and crime analysis.
2. Agriculture Sector: Surge in the usage of location-based services to strengthen the agriculture sector.
3. Retail Sector Proliferation: Increasing adoption of location-based services in the retail sector.
Growth Opportunities:
1. Drone Data Platforms: Rising demand for Drone Data Platforms across enterprises.
2. Mapping and Navigation: Constant upgradation in mapping and navigation solutions.
Speak to our https://www.meticulousresearch.com/speak-to-analyst/cp_id=5252
Challenges:
1. Government Regulations: Dynamic government regulations impacting the market.
2. Pandemic Impact: Negative effects of the COVID-19 pandemic on the global economy.
3. Implementation Costs: High procurement and implementation costs pose challenges.
The report provides a detailed segmentation of the global location-based services market based on components, technology, applications, tracking, social networking, infotainment, commercial, location type, and industry verticals. Key industry competitors are thoroughly evaluated, and the market is analyzed at the country level.
Quick Buy - "Location-based Services Market" Research Report: https://www.meticulousresearch.com/Checkout/85961718
Segmentation Snapshot:
• Component: Platforms/solutions and professional services, with platforms/solutions leading in 2021.
• Technology: GPS, GNSS, Wi-Fi, NFC, and other technologies, where GNSS dominated the market in 2021.
• Application: Navigation, leading the market in 2021 due to extensive use in transportation and logistics.
• Location Type: Indoor and outdoor, with the outdoor segment leading in 2021, while the indoor segment is expected to grow faster.
• Industry Vertical: Transportation & logistics held the largest share in 2021, while retail and consumer goods are expected to witness the fastest growth.
Geographic Review:
Asia-Pacific claimed the largest share in 2021, driven by increased deployment of location-based services, growing demand in the food & beverage sector, and supportive government initiatives for adoption.
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/location-based-services-market-5252
Key Players:
Leading companies in the global location-based services market include ALE International, Google LLC, Apple Inc., Rohde & Schwarz GmbH & Co. KG, AT&T Inc., Cisco Systems, Inc., HERE Technologies, IBM Corporation, Microsoft Corporation, Oracle Corporation, Qualcomm Technologies, Inc., Telefonaktiebolaget LM Ericsson, TomTom N.V., Foursquare, ESRI, Intellias Ltd, Zebra Technologies, Aruba Networks, SAP SE, Precisely, Hexagon AB, and Trimble, Inc.
Meticulous Research® remains at the forefront of delivering valuable market insights, aiding businesses in making informed decisions and achieving sustained growth.
Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5252
Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition. Through our mixed bag of research offerings - syndicated research, custom research, and analyst engagement - we enable smart decision making to enhance business performance for global organizations.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Location-Based Services Market to Surge to $239.7 Billion by 2029, Fueled by Strategic Planning and Agriculture Strengthening here
News-ID: 3379259 • Views: …
More Releases from Meticulous Research®
Kombucha Market to Reach $12.36 Billion by 2032 Driven by Health Trends
The global kombucha market is experiencing strong growth, driven by increasing consumer focus on health, wellness, and functional beverages. Valued at $2.98 billion in 2024, the market is projected to reach $12.36 billion by 2032, growing at a CAGR of 19.9% during the forecast period from 2025 to 2032. The demand surge is largely attributed to growing awareness about gut health, the popularity of fermented beverages, and a shift toward…
Warehouse Robotics Market to Reach $15.1 Billion by 2032 at 14.4% CAGR
The global warehouse robotics market has entered a phase of remarkable growth, driven by the increasing adoption of automation across industries. Valued at USD 5.2 billion in 2024, the market is projected to reach USD 15.1 billion by 2032 from USD 5.9 billion in 2025, growing at a CAGR of 14.4% during the forecast period (2025-2032). The demand for faster, more accurate, and cost-effective warehouse operations, combined with the expansion…
Food Coating Market to Reach $5.92 Billion by 2032 at 6.8% CAGR
Food Coating Market Overview
The global food coating market was valued at USD 3.51 billion in 2024 and is projected to reach USD 5.92 billion by 2032 from USD 3.74 billion in 2025, growing at a CAGR of 6.8% during the forecast period (2025-2032). The market's growth is primarily driven by the rising demand for processed and convenience foods, increasing preference for nutritious and healthy coated food products, and continuous advancements…
Barcode Scanners Market to Reach $4.73 Billion by 2032
The barcode scanners market, valued at USD 2.70 billion in 2024, is projected to reach USD 4.73 billion by 2032 from an estimated USD 2.81 billion in 2025, growing at a CAGR of 7.7% during 2025-2032. This growth is largely driven by the expanding use of barcode scanners across industries such as healthcare, retail, logistics, and manufacturing. Increasing government initiatives promoting digital transformation and the rising demand for efficient data…
More Releases for Location
Evolving Market Trends In The Location Analytics Industry: Advancements In Locat …
The Location Analytics Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Location Analytics Market Size During the Forecast Period?
The market size of location analytics has seen a swift expansion in the past few years. The market is predicted to surge from…
Micro-Location Technology Market Trends How Businesses Are Leveraging Precision …
latest recently released a research report titled global Micro-Location Technology Market insight, forecast to 2024 -2030, which assesses various factors influencing its trajectory. The report presents a high-quality, accurate, and comprehensive research study to provide players with valuable insights for making strategic business decisions. The research analysts have conducted an in-depth segmental analysis of the global Micro-Location Technology market based on type, application, and geography. The vendor landscape is also…
TunesKit Officially Releases Location Changer to Change GPS Location on Mobile
Hong Kong, Sep 27, 2024 - The leading software provider TunesKit Studio proudly announces the launch of TunesKit Location Changer. It is an intuitive and powerful tool designed to help users modify their device's GPS location. This revolutionary software opens new possibilities for enhancing privacy, accessing geo-restricted content, and creating an improved experience for gaming and social media enthusiasts.
Learn more details about TunesKit Location Changer:
https://www.tuneskit.com/location-changer/
TunesKit Location Changer allows users…
Find Pincode of My Location or Any Location
Simply type in the name of your area in the Pin Code Finder to get its pin code, or if you know the pin code, find out exactly where it is. Additionally, you can search for the nearest post office to you by just mentioning your location name.
If you need to know the pin code of the current location, use GPS to pinpoint your exact address or search for…
Location-based Services and Real-Time Location Systems Market by Component, Loca …
Global Location-based Services and Real-Time Location Systems Market report from Global Insight Services is the single authoritative source of intelligence on Location-based Services and Real-Time Location Systems Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market.
To Remain 'Ahead' Of Your Competitors, Request for A Sample -https://www.globalinsightservices.com/request-sample/GIS20034
Report provides qualitative analysis of the market using various frameworks…
Global Location intelligence and location analytics Market 2022: Business Develo …
“Location intelligence and location analytics Forecast 2015-2020 Market Research Report” Purchase This Report by calling ResearchnReports.com at +1-888-631-6977.
The Global Location intelligence and location analytics Market from the perspective of all its current trends that are influencing it is important to understand in order to obtain the most rounded solution for business strategies in it. These trends are geographical, socioeconomic, economic, consumer, political, cultural, and their overall effect on client or…
