Location-based Services (LBS) and Real-Time Location Systems (RTLS) Market is Thriving Worldwide with a CAGR of 21.3%

The "Global Location-based Services (LBS) and Real-Time Location Systems (RTLS)" intelligence report, just published by USD Analytics, covers insurers' micro-level study of important market niches, product offers, and sales channels. To determine market size, potential, growth trends, and competitive environment, Global Location-based Services (LBS) and Real-Time Location Systems (RTLS) provides dynamic views. Both primary and secondary sources of data were used to generate the research, which has both qualitative and quantitative depth. Several of the major figures the study featured Cisco (United States), Google (United States), IBM (United States), Microsoft (United States), Oracle (United States), Ericsson (Sweden), Qualcomm (United States), TomTom (Netherlands), Zebra Technologies (United States), ESRI (United States), Teldio (Canada), HERE (Netherlands), Ubisense (United Kingdom), Apple (United States), Securitas Healthcare (United States), GE Healthcare (United States), CenTrak (United States), IDENTEC GROUP (Liechtenstein), Infor (United States), TeleTracking Technologies (United States), MYSPHERA (Spain), Aruba Networks (United States), KDDI (Japan), NTT Docomo (Japan), AiRISTA Flow (United States), Leantegra (United States), Sewio Networks (Czech Republic), Quuppa (Finland), Navigine (United States), Living Map (United Kingdom)

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An Overview of the Location-based Services (LBS) and Real-Time Location Systems (RTLS) Market
The Location-based Services (LBS) and Real-Time Location Systems (RTLS) Market encompass a range of technologies and solutions that utilize location data to provide various services and track assets or individuals in real-time. LBS utilizes GPS, Wi-Fi, Bluetooth, and other positioning technologies to offer services such as navigation, location-based advertising, and location-based social networking. On the other hand, RTLS employs similar technologies but focuses on tracking assets, equipment, or people within a confined space or facility in real-time. These systems are widely used across industries such as healthcare, transportation, logistics, retail, and manufacturing for applications including asset tracking, inventory management, personnel tracking, and security. Key drivers of this market include the increasing adoption of smartphones and connected devices, rising demand for location-based services in various industries, and the need for improved operational efficiency and safety.
The Global Location-based Services (LBS) and Real-Time Location Systems (RTLS) Market Size is estimated to register 21.3% growth over the forecast period from 2024 to 2030.

This course is essential to maintain current market knowledge if you are or want to be involved in the Location-based Services (LBS) and Real-Time Location Systems (RTLS) industry. By Offering ( Platform, Service, Hardware), Service ( Deployment and Integration, Application Support and Maintenance, Consulting, and Training, Deployment and Integration, Application Support and Maintenance, Consulting, and Training), Type ( Outdoor, Indoor), Application( Tracking and Navigation, Marketing, and Advertising, Location-Based Social Networks, Location-Based Health Monitoring, Others), Technology ( Satellite, Microwave, and Infrared Remote Sensing, OTDOA and E-OTD, RFID and NFC, Context-aware technologies, Wi-Fi/WLAN, Ultra-Wide Band, Bluetooth/BLE, Others), Vertical ( Transportation and Logistics, Retail, Government, Manufacturing, Healthcare and Life Sciences, Tourism and Hospitality, Media and Entertainment, Other), and significant players are the three market segments. To provide a thorough analysis of the industry, the report compiled data from over 22 jurisdictions or nations across Europe, North America, South America, Asia Pacific, and MEA.

Geographically, the global version of the report has the following country inclusion:
• North America [United States, Canada, and Mexico]
• Europe [Germany, the UK, France, Italy, Netherlands, Belgium, Denmark, Spain, Sweden, and the Rest of Europe]
• Asia-Pacific [China, Japan, South Korea, India, Australia, Indonesia, and Others]
• South America [Brazil, Argentina, Colombia, and the Rest of South America]
• the Middle East and Africa (South Africa, Turkey, Israel, GCC Countries, and the Rest of Africa)

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The primary goal of this study is to determine which market niches or nations insurance companies and aggregators should concentrate on in the future to allocate their resources and efforts toward Location-based Services (LBS) and Real-Time Location Systems (RTLS) that will optimize growth and profitability. 2020 will see notably slower growth, and given the dynamic macroeconomic and regulatory environment, mature markets in North America and Western Europe will need "heavy lifting" to handle these tendencies.
In the insurance sector, distribution channels are always crucial because of the "push" nature of many offerings in the sector. To strengthen their relationship with customers, insurers have been refining their distribution model. Face-to-face selling (agents and brokers) has been dominant in the Location-based Services (LBS) and Real-Time Location Systems (RTLS) sector over the years. But as the Internet becomes more widely used and consumers start to value expediency, digital purchases are growing in popularity in Location-based Services (LBS) and Real-Time Location Systems (RTLS).
Furthermore, the years considered for the study are as follows:
Historical year - 2018-2022
Base year - 2022
Forecast period** - 2023 to 2030 [** unless otherwise stated]

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Major Highlights of TOC:
Chapter 1: Overview of the Global Location-based Services (LBS) and Real-Time Location Systems (RTLS) Market Industry
1.1.1 Overview;
1.1 Location-based Services (LBS) and Real-Time Location Systems (RTLS) Industry
1.1.2 Key Companies' Products
1.2 Market Segment by Location-based Services (LBS) and Real-Time Location Systems (RTLS)
1.2.1 Industry Chain
1.2.2 Customer Behavior & Distribution Routes
Chapter Two: Demand for Location-based Services (LBS) and Real-Time Location Systems (RTLS) Worldwide
2.1 Overview of the Segment
2.2 Global Location-based Services (LBS) and Real-Time Location Systems (RTLS) Market Size (2018-2022) by Application/End Users
2.3 Application/End User Forecast for the Global Location-based Services (LBS) and Real-Time Location Systems (RTLS) Market (2023E-2029)

Chapter 3: Type-wise Global Location-based Services (LBS) and Real-Time Location Systems (RTLS) Market
3.1 According to Type
3.2 Market Size for Location-based Services (LBS) and Real-Time Location Systems (RTLS) by Type, 2018-2022
3.3 Market Forecast for Location-based Services (LBS) and Real-Time Location Systems (RTLS) by Type (2023E-2030)

Chapter Four: Location-based Services (LBS) and Real-Time Location Systems (RTLS) Market: by Region/Country
4.1 Location-based Services (LBS) and Real-Time Location Systems (RTLS) Market by Regions
4.2 Location-based Services (LBS) and Real-Time Location Systems (RTLS) Market Revenue & Share by Region
4.3 North America
4.4 Europe
4.5 the Asia Pacific
4.6 South America
4.7 the Middle East & Africa
Player Analysis in Chapter Five
5.1 Players' Market Share Analysis (2019-2021E)
5.2 Regional Market Concentration Rates
5.3 Overviews of Companies
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