Location Intelligence Market Predicted to Achieve USD 66.94 Billion Value by 2032 with 15.30% Growth Rate

𝐋𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

The Location Intelligence Market was valued at USD 18.59 billion in 2023. The market is projected to grow to USD 66.94 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 15.30% during the forecast period (2024 - 2032).

𝐆𝐞𝐭 𝐚𝐧 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/location-intelligence-market/request-for-sample

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

Location intelligence, or LI, is the procedure of achieving insights from geospatial details. These insights help make projections, recognize patterns, and deliver a real-time understanding of location-specific queries. LI is often visualized with statistics, graphs, maps, and cartograms. The technology allows governments and businesses to collect key data sets, including transactional data, GPS data, and point-of-sale data used for in-depth geospatial research.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬

● The advent of smart gadgets and growing investments in network services and the Internet of Things (IoT) are driving the expansion of the industry. These elements support the creation of smarter applications and improved network access.
● The need for location intelligence is expected to increase in the upcoming years due to the growing emphasis on asset management across a number of industry sectors.
● The increasing trend of digital transformation has given enterprises the ability to collect user data, which is anticipated to drive the industry's growth.

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/2717/2

𝐓𝐨𝐩 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬

Prominent key players in the market continuously boost their technologies to stay ahead of the competitors and ensure integrity, efficiency, and safety. Some of the location intelligence market key players in the industry are:

• Autodesk
• Bosch Software Innovations
• HERE Technologies
• MDA Corp.
• Navizon
• Pitney Bowes
• Qualcomm Technologies
• Supermap Software
• Tibco Software
• Trimble
• Trueposition, & Wireless Logic

𝐋𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

• Sales & marketing held the largest share, as it helps organization in improving profitability, risk mitigation, and events tracking.
• Consulting segment will grow at the rapid pace, as it helps in better decision making, and analyzing data driven customer insights.
• APAC will grow at substantial pace, owing to rising penetration of smartphones, and emergence of location analytics company.

𝐀𝐜𝐜𝐞𝐬𝐬 𝐓𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭, 𝐡𝐞𝐫𝐞: https://www.polarismarketresearch.com/industry-analysis/location-intelligence-market

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

The market analysis is mainly based on vertical, service, application, and region. According to application research, in 2022, the sales and marketing sector will account for the largest share. Tools for location intelligence are essential for deciphering the complex processes involved in sales and marketing. These solutions facilitate the forecast of outcomes and effectively collect relevant data needed for marketing efforts, which ultimately streamlines the operations.

Furthermore, based on vertical examination, the consumer goods category will grow at the fastest rate. This increased trend can be ascribed to the industry's successful handling of retail difficulties.

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Cryptocurrency Market: https://www.polarismarketresearch.com/industry-analysis/cryptocurrency-market

Computer Aided Design Market: https://www.polarismarketresearch.com/industry-analysis/computer-aided-design-cad-market

Data Monetization Market: https://www.polarismarketresearch.com/industry-analysis/data-monetization-market

Industry 4.0 Market: https://www.polarismarketresearch.com/industry-analysis/industry-4-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

Polaris Market Research
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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

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This release was published on openPR.