Press release
Unprecedented Growth in the Global Location-Based Services Market: Promising Forecast, Major Players, and Emerging Trends
Unprecedented Growth
Accelerating Smartphone Penetration and E-commerce Integration Fuelling Market Expansion
What Is The Projected Market Size Of The Global Location-Based Services Market And Its Growth Rate?
• The location-based services market size observed impressive growth from $105.74 billion in 2024 to $131.33 billion in 2025, indicative of a compound annual growth rate (CAGR) of 24.2%.
• The growth was underpinned by increasing smartphone penetration, integration of e-commerce and retail, blooming mobile advertising, transportation and navigation applications, and the emergence of IoT and wearables.
• Expectations are for the market size to surge to $356.87 billion in 2029 at a CAGR of 28.4%, propelled by factors like demand for indoor location services, smart city planning, health applications, enhanced location analytics.
What Is Driving The Growth In The Location-Based Services Market?
An influx in the use of smartphones and GPS-enabled devices is the chief driver of the location-based services market. These services amalgamate the internet, geospatial technologies, and various information and communication technologies to dispense location-specific real-time information on users' smartphones. A testament to this trend is the data from Backlinko LLC; the total number of smartphone users globally increased from 4.25 billion in 2023 to 4.88 billion in 2024. Hence, the uptick in the use of smartphones and GPS-enabled devices is the key catalyst driving the location-based services market.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5865&type=smp
Who Are the Key Players Driving Location-Based Services Market Growth?
• Apple Inc.
• Google LLC
• AT&T Inc.
• Nippon Telegraph and Telephone Corporation Docomo
• International Business Machines Corporation
• Cisco Systems Inc.
• Qualcomm Incorporated
• Oracle Corporation
• Telefonaktiebolaget LM Ericsson
• CommScope Holding Company Inc.
• Transfix Inc.
• INRIX Inc.
• CloudMade Inc.
• Bluedot Innovation Inc.
• Navenio Inc.
• AiRISTA Flow
• ALCATEL-LUCENT Enterprise SAS
• Flybits Inc.
• HERE Global B.V.
• InnerSpace Pty Ltd
• Localz Inc.
• Mapsted Corporation
• Quuppa Inc.
• Navigine GmbH
• Resonai Inc.
• Seldon Technologies Ltd.
What Are The Key Trends In The Location-Based Services Market?
• Proximity marketing and beacon technology
• Proliferation of mobile indoor navigation
• Rise of location-based gaming
• Integration with 5G networks
• Popularization of emergency and public safety applications
What Are The Segments Of The Global Location-Based Services Market?
• By Component: Platform, Hardware, Services
• By Location Type: Indoor, Outdoor
• By Technology: GPS, Assisted GPS (A-GPS), Enhanced GPS (E-GPS), Enhanced observed time difference (E-OTD), Observed Time Difference, Cell ID, Wi-Fi, Other Technologies
• By Application: Location-based Advertising, Business Intelligence And Analytics, Fleet Management, Mapping And Navigation, Social Networking And Entertainment, Proximity marketing, Asset Tracking, Other Applications
Which Region Leads The Location-Based Services Market?
North America reigned supreme with the largest market share in the location-based services market in 2024. Asian-Pacific was second in line. Other key regions outlined in this market analysis include Western Europe, Eastern Europe, South America, Middle East, and Africa.
Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/location-based-services-global-market-report
What Is Covered In The Location-Based Services Market Global Market Report?
- Market Size Analysis: Analyze the Location-Based Services Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Location-Based Services Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Location-Based Services Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Location-Based Services Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report:
https://www.thebusinessresearchcompany.com/customise?id=5865&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
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company offers comprehensive, data-rich research and insights. With over 15,000+ reports from 27 industries covering 60+ geographies and armed with 1,500,000 datasets, it thrives on in-depth secondary research and unique insights from industry leaders for informed decision-making. The Global Market Model (GMM) remains its premier market intelligence platform delivering comprehensive and updated forecasts.
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 Unprecedented Growth in the Global Location-Based Services Market: Promising Forecast, Major Players, and Emerging Trends here
News-ID: 3841128 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
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…
