Press release
Navigating the Future: Location-based Services Market Poised to Reach $327.6 Billion by 2031
Meticulous Research®, a renowned global market research company, has launched its comprehensive research report titled, 'Location-based Services Market by Component, Technology (GNSS, GPS), Application (Navigation, Tracking), Location Type, End-use Industry (Government and Public Sector, Transportation & Logistics, Smart Cities), and Geography - Global Forecast to 2031.'
Download Sample Report Here https://www.meticulousresearch.com/download-sample-report/cp_id=5252
According to the latest insights from Meticulous Research®, the global location-based services market is on track to hit $327.6 billion by 2031, registering a robust CAGR of 15.9% from 2024 to 2031. This growth trajectory is fueled by a myriad of factors, including the expanding utilization of spatial data and analytics across industries, the increasing adoption of location-based services in retail, and the burgeoning applications of such services in agriculture. However, the dynamic landscape of government regulations pertaining to location-based services poses a notable challenge to market expansion.
Despite these challenges, continual advancements in mapping and navigation solutions coupled with the rising demand for wearable devices present lucrative growth opportunities for stakeholders in the location-based services market. Nonetheless, the market contends with hurdles such as the high costs associated with procuring and implementing location-based services, which could impede growth. Additionally, leveraging 5G technology for enhanced real-time analysis and the integration of GIS software with Augmented Reality (AR) and Virtual Reality (VR) technologies represent significant trends within the market.
Customize Report: https://www.meticulousresearch.com/request-customization/cp_id=5252
The global location-based services market is segmented based on various parameters, including component, technology, application, location type, end-use industry, and geography. Meticulous Research® evaluates industry competitors and conducts a thorough analysis of the market at both country and regional levels.
In terms of components, the market is categorized into platforms/solutions and professional services. The platforms/solutions segment is poised to dominate the market, driven by the increasing launch of location-based solutions and the growing popularity of location-powered mobile apps.
Furthermore, by technology, the global navigation satellite system segment is expected to hold a significant share of the market, owing to its diverse applications and increasing demand for location-based advertising.
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
The application segment is led by navigation, primarily due to the rapid adoption of comprehensive navigation solutions by automakers and initiatives by leading players to develop automotive navigation services.
Indoor location-based services are projected to witness accelerated growth, propelled by the rising need to track people and objects within indoor spaces, particularly in settings like shopping malls and airports.
The government & public sector emerges as the dominant end-use industry, with increasing use of location intelligence tools for various purposes, while the retail & e-commerce segment is expected to register the highest growth rate during the forecast period.
Regionally, Asia-Pacific is anticipated to command the largest share of the market, driven by factors such as high mobile device penetration and rising deployments of map-based platforms across Chinese organizations.
Quick Buy: https://www.meticulousresearch.com/Checkout/85961718
Key Players:
The global location-based services market boasts a roster of key players, including HERE Global B.V., Google LLC, TomTom N.V., Esri, Hexagon AB, Trimble Inc., Cisco Systems, Inc., QUALCOMM Incorporated, Microsoft Corporation, AT&T Inc., Zebra Technologies Corporation, International Business Machines Corporation, ALE International, Precisely, Rohde & Schwarz GmbH & Co. KG, and Nextbillion.AI Pte. Ltd.
In conclusion, Meticulous Research® provides a comprehensive outlook on the location-based services market, highlighting key trends, challenges, and growth prospects for stakeholders across various industries and geographies.
Download Sample Report Here 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.
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 Navigating the Future: Location-based Services Market Poised to Reach $327.6 Billion by 2031 here
News-ID: 3432336 • Views: …
More Releases from Meticulous Research®
Nutraceutical Products Market: Growth Trends and Future Outlook to 2030| Meticul …
The nutraceutical products market is witnessing steady and significant growth, driven by a rising awareness of health, nutrition, and disease prevention. Between 2023 and 2030, the market is projected to expand at a compound annual growth rate of 7.8%, ultimately reaching a value of $691.87 billion by the end of the forecast period. This growth reflects a major shift in consumer mindset, as individuals increasingly seek products that offer both…
Global Feed Additives Market Outlook: Trends, Growth Drivers, and Regional Insig …
The way we feed our livestock is changing, and feed additives are at the heart of that transformation. Over the next decade, the global feed additives market is expected to surpass $51 billion, fueled by rising demand for meat and dairy products, concerns over animal health, and a push toward more sustainable farming practice. Farmers today are no longer just feeding animals they are strategically nourishing them to improve growth,…
Global Home Medical Equipment Market: Trends, Insights, and Forecast to 2030 | M …
The home medical equipment market is growing steadily and is projected to reach nearly $63 billion by 2030. These devices are designed to help people manage their health at home, allowing patients to remain independent while receiving the care they need. From respiratory devices to mobility aids, these products make it possible for individuals to maintain a better quality of life without relying entirely on hospital care. They are especially…
Global Membrane Filtration Technologies Market: Trends, Growth Drivers, and Regi …
The membrane filtration technologies market is steadily expanding, with expectations to hit $22.2 billion by 2030. Over the past few years, industries and municipalities alike have faced increasing pressure to manage water more efficiently. Water scarcity, environmental regulations, and operational needs have created a situation where traditional water treatment methods are no longer sufficient. Businesses are turning toward membrane filtration technologies as a solution that offers both reliability and precision.
Water…
More Releases for Location
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…
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…
