Press release
Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market Size, Development Analysis, Key Trends, Growth Rate And Future Forecast (2024-2033)
Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=8848&type=smp
According to The Business Research Company's, The location-based services (lbs) and real-time location systems (rtls) market size has grown exponentially in recent years. It will grow from $27.23 billion in 2023 to $33.74 billion in 2024 at a compound annual growth rate (CAGR) of 23.9%. The growth in the historic period can be attributed to demand for contactless solutions, industrial and manufacturing use, transportation and logistics, healthcare utilization, retail industry adoption.
The location-based services (lbs) and real-time location systems (rtls) market size is expected to see exponential growth in the next few years. It will grow to $80.8 billion in 2028 at a compound annual growth rate (CAGR) of 24.4%. The growth in the forecast period can be attributed to rise in iot integration, increasing demand in healthcare, expansion in retail and e-commerce, smart city development, post-pandemic solutions. Major trends in the forecast period include regulatory compliance and data privacy, strategic collaborations, enhanced safety and security, smart city initiatives, fleet management and transportation.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/location-based-services-lbs-and-real-time-location-systems-rtls-global-market-report
Market Drivers and Trends:
The increasing number of IoT-linked devices is expected to boost the growth of the location-based services and real-time location systems market going forward. IoT-linked devices refer to nonstandard computing devices that connect wirelessly to a network and have the ability to transmit data. The proliferation of IoT-connected devices expands the location-based services and real-time location systems market by offering a more extensive and detailed data landscape, empowering businesses to make informed decisions, improve operational efficiency, and innovate applications utilizing real-time location information. For instance, in November 2022, according to a report published by Ericsson, a Sweden-based telecommunication company, broadband IoT (4G/5G), which connects the majority of cellular IoT devices, reached 1.3 billion connections in 2022. Nearly 60% of cellular IoT connections are anticipated to be broadband IoT connections by the end of 2028, with 4G connecting the bulk. In terms of cellular IoT connections, North East Asia is currently in the lead; in 2023, it is predicted to surpass 2 billion connections. Therefore, the increasing number of IoT-linked devices is driving the growth of the location-based services and real-time location systems market.
Major companies operating in the location-based services (LBS) and real-time location systems (RTLS) market are developing innovative products such as workplace applications to meet larger customer bases, more sales, and increase revenue. Workplace applications refer to software programs or tools designed to facilitate and enhance various aspects of work within an organization. For instance, in October 2022, Microsoft Corporation, a US-based technology company, launched Places for GPS-style navigation. The distinctive feature of the application is its focus on facilitating the adoption of hybrid work models for both employees and workplaces. One notable aspect is its satellite navigation-style functionality, enabling workers to effortlessly locate meeting rooms within the office building. Additionally, by configuring the office's layout and facilities within the application, users gain the ability to identify currently available hot desking spots, making it easier to find suitable and vacant workspaces in real time.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
NTT Docomo Inc., Google LLC, Oracle Corporation, Quuppa Intelligent Locating System, Airista Flow Inc., TomTom N.V, Qualcomm Incorporated, Zebra Technologies Corporation, Navigine Corp., Stanley Black & Decker Inc., Apple Inc., Teldio Avigilon Solutions, International Business Machines Corporation, Cisco Systems Inc., Microsoft Corporation, Ericsson India Private Limited, Aruba Networks, CenTrak, Wipro GE Healthcare Pvt. Ltd., Trimble Inc., Foursquare Labs Inc., Baidu Inc., AutoNavi Holdings Limited, Ubisense Group plc, HERE Technologies, KDDI Corporation, Leantegra Inc., Sewio Networks s.r.o., Spime Inc., Identec Group AG, Infor Inc., TeleTracking Technologies Inc.
Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market 2024 Key Insights:
• The location-based services (lbs) and real-time location systems (rtls) market size is expected to see exponential growth in the next few years. It will grow to $80.8 billion in 2028 at a compound annual growth rate (CAGR) of 24.4%.
• Smartphone Proliferation Fuels Surge In Location-Based Services And Real-Time Location Systems Market
• Innovative Workplace Solutions Location-Based Services And Real-Time Location Systems Market
• North America was the largest region in the location-based services (LBS) and real-time location systems (RTLS) market share in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=8848&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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 (LBS) And Real-Time Location Systems (RTLS) Market Size, Development Analysis, Key Trends, Growth Rate And Future Forecast (2024-2033) here
News-ID: 3742381 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
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…
