openPR Logo
Press release

Location Based Services | Real-time Geodata, GPS technology, Navigation Apps Using LBS technology

03-15-2024 01:40 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: market research future

Location Based Services | Real-time Geodata, GPS technology,

Location-Based Services (LBS) are services that utilize a mobile device's geographical location to provide information, entertainment, or security to the user. These services combine geospatial technologies, information and communication technologies, and the internet to deliver targeted information based on the user's real-time geographic location.

How Location-Based Services Work

Location-Based Services work by using real-time geodata from a smartphone to determine the user's location. This can be done through GPS technology if the user has allowed access. Once the user opts in, the service can identify their location down to the street address without manual data entry.

Get Sample PDF Pages Now -

https://www.marketresearchfuture.com/sample_request/5439

Market Overview:

Location Based Services Market Size was valued at USD 31.984 billion in 2022. The Location Based Services market industry is projected to grow at USD 108.768 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 14.6% during the forecast period (2022 - 2032).

The increasing adoption of smartphones and other mobile devices is one of the key factors driving the growth of the LBS market. Smartphones are equipped with GPS and other sensors that enable users to access LBS applications. These applications provide users with information about their surroundings, such as nearby businesses, restaurants, and landmarks. The growing popularity of location-based apps is also driving the growth of the market. These apps use LBS technology to provide users with location-specific information and services. For example, navigation apps use LBS technology to help users find their way around a city.

Industry Latest News:

The growth of the location-based services market is driven by several factors. One key driver is the increasing use of connected devices, such as mobile phones and tablets, which provide easy access to GPS and enable location-based services . Additionally, the market share is expected to be stimulated by the growing use of location-based technologies for promoting applications .

The COVID-19 pandemic had a temporary impact on the location-based services market, with uncertainties about the duration of lockdowns affecting market players' anticipation of recovery . However, as restrictions ease and businesses adapt to the new normal, the market is expected to regain momentum.

Buy Now Premium Research Report -

https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=5439

Key Companies in Location Based Services Market:

Microsoft Corporation (US)
Oracle Corporation (US)
TomTom International BV (Netherlands)
ESRI (Germany)
Ericsson (Sweden)
Qualcomm Incorporated (US)
ROKK (US)
iSpace (US)
Apple Inc (US)
Baidu Inc (China)
NavInfo Co., Ltd. (China)
IBM (US)
Google Inc (US)
Cisco Systems, Inc.(US)

Browse In-depth Market Research Report (175 Pages, Charts, Tables, Figures) on Location Based Services market -

https://www.marketresearchfuture.com/reports/location-based-service-market-5439

The future of LBS

The future of LBS is bright. As location-based technologies continue to evolve and become more accurate and efficient, we can expect to see even more innovative LBS applications emerge. These applications have the potential to revolutionize the way we live, work, and play.

Here are some additional trends that are expected to shape the future of the LBS market:

The increasing use of artificial intelligence (AI) to personalize LBS experiences.

The growing adoption of augmented reality (AR) and virtual reality (VR) for LBS applications.

The increasing importance of data privacy and security in the context of LBS.

Market Driver:

The location-based services market is driven by several factors that contribute to its growth and expansion. One major driver is the increasing demand for real-time location systems (RTLS) solutions based on ultra-wideband (UWB) technology, which enables highly accurate and precise location tracking. This demand is fueled by various industries, including healthcare, logistics, and retail, which rely on RTLS for asset tracking, inventory management, and improved operational efficiency.

Another driver is the growing demand for geo-marketing, which utilizes location-based services to deliver targeted advertisements and promotions to consumers based on their geographic location . This approach allows businesses to reach their target audience more effectively and increase customer engagement and conversion rates.

Ask for Customization -

https://www.marketresearchfuture.com/ask_for_customize/5439

Regional Insights:

North America is a dominant market for location-based services, driven by early adoption of digital technologies and the presence of various location-based service providers in the region. The United States, in particular, has a substantial user base and advanced infrastructure, making it a key market player in the region.

China holds significant importance in both the regional and global location-based services market. The country has witnessed substantial growth in investments towards infrastructure development and technological capabilities, coupled with high internet and mobile penetration rates. This has positioned China as a prominent player in the region and the global market .

Europe follows North America in the global location-based services market. The region is expected to experience rapid growth in the coming years, driven by increasing adoption of location-based services and advancements in digital infrastructure.

Asia Pacific (APAC) is projected to surpass other regions in terms of growth rate. With a high penetration of smartphones, increasing internet accessibility, and the growing number of internet users, APAC presents significant opportunities for the expansion of the location-based services market.

Related Reports on Top Companies in Various Industries:

IT Asset Management Software Companies -
https://www.marketresearchfuture.com/reports/it-asset-management-software-market/companies

Business Process Management Companies -
https://www.marketresearchfuture.com/reports/business-process-management-market/companies

Artificial Intelligence Companies -
https://www.marketresearchfuture.com/reports/artificial-intelligence-market/companies

Cyber Security Companies -
https://www.marketresearchfuture.com/reports/global-cyber-security-market/companies

Threat Intelligence Platform Companies -
https://www.marketresearchfuture.com/reports/threat-intelligence-platform-market/companies

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Also, we are launching "Wantstats" the premier statistics portal for market data in comprehensive charts and stats format, providing forecasts, regional and segment analysis. Stay informed and make data-driven decisions with Wantstats.

Contact Us:

Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com

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 | Real-time Geodata, GPS technology, Navigation Apps Using LBS technology here

News-ID: 3432326 • Views:

More Releases from market research future

Global Small Boat Industry Sees Growing Demand Amid Rising Recreational Boating and Coastal Activities
Global Small Boat Industry Sees Growing Demand Amid Rising Recreational Boating …
As per the latest analysis by Market Research Future, the Small Boats Market Size was estimated at 17.12 (USD Billion) in 2024. The Small Boats Market Industry is expected to grow from 17.88 (USD Billion) in 2025 to 26.41 (USD Billion) till 2034, at a CAGR (growth rate) is expected to be around 4.43% during the forecast period (2025 - 2034). The global small boat industry is witnessing significant growth, driven
Automotive Trim Market Attaining USD 193.22 Billion till 2034 | Innovations Redefine Vehicle Aesthetics and Functionality
Automotive Trim Market Attaining USD 193.22 Billion till 2034 | Innovations Rede …
As per the latest analysis by Market Research Future, the Automotive Trim Market Size was estimated at 140.30 (USD Billion) in 2024. The Automotive Trim Market Industry is expected to grow from 144.87 (USD Billion) in 2025 to 193.22 (USD Billion) till 2034, at a CAGR (growth rate) is expected to be around 3.25% during the forecast period (2025 - 2034). The automotive industry is witnessing a significant transformation in vehicle
Leading Automotive Technology Firms Expand Fuel Level Sensor Solutions for Next-Generation Vehicles | Robert Bosch Gmbh, Technoton
Leading Automotive Technology Firms Expand Fuel Level Sensor Solutions for Next- …
As per the latest analysis by Market Research Future, Automotive Fuel Level Sensor Market Size was valued at USD 5,788.04 million in 2024. The Automotive Fuel Level Sensor market industry is projected to grow from USD 6,008.32 million in 2025 to USD 9,201.90 million by 2035, exhibiting a compound annual growth rate (CAGR) of 4.35% during the forecast period (2024 - 2035). With the global automotive industry focused on precision,
Valet Parking Technology Gains Momentum as Urban Mobility and Smart Infrastructure Evolve | Market Growth with 15.62% CAGR
Valet Parking Technology Gains Momentum as Urban Mobility and Smart Infrastructu …
As per the latest analysis by Market Research Future, the Valet Parking Technology Market Size was estimated at 1.41 (USD Billion) in 2024. The Valet Parking Technology Market Industry is expected to grow from 1.63 (USD Billion) in 2025 to 6.01 (USD Billion) till 2034, at a CAGR (growth rate) is expected to be around 15.62% during the forecast period (2025 - 2034). Valet parking technology is emerging as a transformative

All 5 Releases


More Releases for LBS

Global Lbs In Healthcare Market Size by Application, Type, and Geography: Foreca …
USA, New Jersey- According to Market Research Intellect, the global Lbs In Healthcare market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period. The market for location-based services (LBS) in healthcare is growing quickly as more patients and healthcare providers use LBS technology to enhance patient outcomes
Fixed Wing Commercial UAV Market Future Outlook 2023-2029, Industry Demand, Tren …
The Fixed Wing Commercial UAV Market report offers a thorough analysis on the market status and forecasts the upcoming market size of the Fixed Wing Commercial UAV Industry by analyzing the historical data. The report describes all the market verticals and their worth in contributing to the market size. It includes the market overview, segments, applications, actions and trends for the Fixed Wing Commercial UAV Market industry. It also provides
Location-Based Services (LBS) Market 2022 | Detailed Report
According to Market Study Report, Location-Based Services (LBS) Market provides a comprehensive analysis of the Location-Based Services (LBS) Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry. An exclusive data offered in this report is collected by research and industry experts team. Download FREE Sample Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=5389505 The report provides a comprehensive analysis of company profiles listed below: - Ericsson - Syniverse - Ekahau - Galigeo -
Trailer Axle Market Capacity (Lower than 8,000 lbs, 8,000-15,000 lbs, 15,000-25, …
An axle is a central rod or spindle of a rotating wheel or gear. In wheeled vehicles, the axle can be fixed to the wheels, rotating with them, or can be fixed to the vehicle, with the wheels rotating around the axle. The functioning of the axle depends on the position and type of axle. Commercial vehicles, such as heavy trucks and buses, may integrate more than two live axles
Commercial Vehicles Market Report 2018: Segmentation by Type (Light Commercial V …
Global Commercial Vehicles market research report provides company profile for Volkswagen, Honda, Nissan, Peuggeot, FIAT, Foton, Dongfeng Motor, BMW, Daimle, Toyota, General Motors, Ford and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The
Trailer Axle Market Report 2018: Segmentation by Product (Capacity: Lower than 8 …
Global Trailer Axle market research report provides company profile for JOST Axle Systems, SAF-HOLLAND, Hendrickson, Shandong Huayue, TND Trailer Axle, DexKo, Meritor, BPW Group, Fuwa-K-Hitch and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc.