Press release
Asia-Pacific Location-based Services Market Poised to Reach $118.2 Billion by 2031
Global Market Research Leader Releases Groundbreaking Report
Meticulous Research®, a distinguished global market research company, has unveiled its latest groundbreaking research report titled, "Asia-Pacific Location-based Services Market by Component, Technology (GNSS, GPS), Application (Navigation, Mapping & GIS), Location Type, End-use Industry (Transportation & Logistics, Retail & E-commerce), and Geography - Forecast to 2031."
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According to the findings of this comprehensive report, the Asia-Pacific location-based services market is forecasted to achieve a valuation of $118.2 billion by 2031, exhibiting an impressive Compound Annual Growth Rate (CAGR) of 17.3% from 2024 to 2031. The market's growth trajectory is propelled by the widespread adoption of location-based services across various sectors, particularly the retail and agriculture industries. However, dynamic regulatory frameworks governing location-based services pose a challenge to market expansion. Nevertheless, continual advancements in mapping and navigation solutions present lucrative growth opportunities for market players. Yet, the high costs associated with acquiring and implementing location-based services remain a significant hurdle. Additionally, notable trends such as the utilization of 5G technology for enhanced real-time analysis and the integration of GIS software with augmented reality (AR)/virtual reality (VR) technologies are poised to shape the market landscape.
Key Market Segments Include:
Component: Platforms/Solutions (Location-powered mobile apps, Location intelligence platforms, Location-based messaging) and Professional Services (Mapping services, Implementation & Support, Consulting & Development Services).
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/asia-pacific-location-based-services-market-5784
Technology: Global Navigation Satellite System, Global Positioning System (Assisted GPS, Enhanced GPS), Wi-Fi, Near-field Communication, and Other Technologies.
Applications: Navigation, Geo-marketing & Advertising/Target Marketing, Mapping & GIS, Tracking, Social Networking, Infotainment, and Other Applications.
Location Type: Outdoor and Indoor.
End-use Industry: Government & Public Sector, Transportation & Logistics, Smart Cities, Retail & E-commerce, Consumer Goods, Media & Entertainment, Travel & Tourism, BFSI, IT & Telecom, Healthcare, Hospitality, Aerospace & Defense, Energy & Utilities, Automotive, Agriculture, Education, and Manufacturing.
Geographic Analysis:
The report delves into regional dynamics, analyzing market trends across Japan, China, India, South Korea, Singapore, Taiwan, Australia & New Zealand, Malaysia, Thailand, Philippines, Indonesia, Vietnam, and the Rest of Asia-Pacific. China is anticipated to dominate the market in 2024, driven by increased demand for automated smart driving solutions and the proliferation of GNSS hardware. Conversely, India is projected to register the highest CAGR during the forecast period, driven by a surge in demand for drone-based operations and collaborations between market players.
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Key Players:
Leading participants in the Asia-Pacific location-based services market include HERE Global B.V., Google LLC (a subsidiary of Alphabet Inc.), TomTom N.V., Esri, Hexagon AB, Trimble Inc., Cisco Systems, Inc., QUALCOMM Incorporated, Microsoft Corporation, AT&T Inc., Zebra Technologies Corporation, ALE International, Precisely, Rohde & Schwarz GmbH & Co. KG, and Nextbillion.AI Pte. Ltd.
Meticulous Research® remains committed to providing comprehensive and actionable insights, empowering businesses to make informed decisions. For further details or to access the report, visit [website] or contact [contact information].
Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5784
Contact:
Meticulous Market Research Pvt Ltd
Office No-202, 203,204,205,206
2nd Floor, Pushpak Business Hub,
Wakad, Pimpri-Chinchwad,
411057, India.
Phone: +9102066394988
CIN- U93000PN2013PTC149455
About Meticulous Research®
Meticulous Research® stands as a frontrunner in delivering unparalleled market intelligence reports, consulting services, and customized solutions. Committed to precision, Meticulous Research® empowers clients to stay ahead in the ever-evolving business landscape.
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