Press release
Global Location Intelligence Market Expected to Grow at 13.80% CAGR
Location Intelligence Market
The global location intelligence market size was valued at $17.82 billion in 2022 and is projected to reach $44.07 billion by 2029, registering a compound annual growth rate (CAGR) of 13.80% during the forecast period of 2023-2029.
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Report Scope And Research Methodology
The report is a comprehensive analysis covering the location intelligence market dynamics, structure, segments, regional insights, impact of COVID-19, and competitive landscape. The report segments the market by service (consulting, system integration, others), application (workforce management, asset management, facility management, risk management, others), vertical (retail & consumer goods, government & defense, manufacturing & industrial, transportation & logistics, others), and geography.
The report utilizes robust research methodologies including PESTEL, PORTER, and SVOR analysis to derive market estimations and insights.
Drivers
Key drivers fueling market growth include increasing demand for location intelligence data to enhance business operations and provide personalized services, rising adoption of location intelligence services across enterprises for predictive analytics and real-time tracking, and growth of IoT, smart devices, and network infrastructure.
Restraints
The COVID-19 pandemic negatively impacted the market due to lockdowns, travel bans, and business shutdowns disrupting global supply chains and partnerships.
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Regional Insights
North America held the largest market share in 2022 owing to the presence of major location intelligence companies and rapid technology adoption. The Asia Pacific region is expected to witness the highest growth rate during the forecast period, driven by AI developments and increasing smartphone and internet penetration.
Location Intelligence Market Segmentation
by Service
Consulting
System Integration
Others
The location intelligence market is divided into consulting, system integration, and other categories based on the services offered. Almost held the most market share in 2022 in the system integration sector. System integrators are consulted by a wide range of companies for help integrating location intelligence solutions with their resources, operational procedures, and end products in order to gather a variety of data that can be analyzed to obtain insightful information. The system integration market is predicted to witness the most demand in the near future due to the growing need to integrate new data sources with the expanding use of IoT and the constantly expanding location-based data.
by Application
Workforce Management
Asset Management
Facility Management
Risk Management
Others
by Vertical
Retail and Consumer Goods
Government & Defense
Manufacturing & Industrial
Transportation & Logistics
Others
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Location Intelligence Market Key Players
The key players operating in the global location intelligence market include ,
1. Acorn Technologies
2. Bosch Software Innovations GmbH
3. ESRI
4. Google LLC
5. General Electric Company
6. Gimbal
7. HERE Technologies
8. Qualcomm Incorporated
9. Skyhook
10. Wireless Logic Limited
11. OmniSci, Inc.
12. CARTO
13. Geoblink
14. QlikTech International AB
15. ALTERYX, INC.
16. Stairs Sudio Inc.
17. Other Key Players
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Table of content for the Location Intelligence Market includes:
Global Location Intelligence Market: Research Methodology
Global Location Intelligence Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3.Global Location Intelligence Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
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