Global Location Intelligence Market to Attain USD 66.94 Billion By 2032, Growing at 15.30% CAGR

Location Intelligence Market

The location intelligence market size was valued at USD 18.59 billion in 2023. It is projected to grow to USD 66.94 billion by 2032, exhibiting a compound annual growth rate of 15.30% from 2024 to 2032.

Market Definition

Location intelligence is the perspective acquired from visualizing and inspecting geospatial data. Mounding location particular data such as demographics, congestion, ambiance, economics, and weather on a smart map or dashboard discloses distinct perspectives. Spearheads utilize location intelligence to comprehend better where and why things are taking place and scheme what to do subsequently.

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Growth Drivers and Opportunities

• Several reasons have contributed to the expansion of the location intelligence market in recent years. Among these is the growing usage of mobile applications together with progressive location sharing elements of mobile gadgets in making appropriate services to end users.
• The market size will expand due to the growing funding in the framework, and the acquisition of new technologies has pushed business-to-business (B2B) and business-to-consumer (B2C) applications. These involve sales and marketing, customer management, and facility oversight.

Key Players

The market is splintered and is expected to witness contention due to many player's existence. Here is the list of the leading companies operating in the location intelligence market:

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

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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

Geographical Landscape

Regional analysis provides an examination of the key variables, including social, physical, and economic, in a regional context. It helps companies understand the needs and wants of their customers in target markets. Thus, stakeholders can make informed decisions about their products or service offerings. Also, regional analysis assists businesses in identifying regions with high growth potential and where they should focus their efforts. Furthermore, it can help stakeholders understand local conditions to analyse policy related to global change.

The key regions and sub-regions of the Location Intelligence Market covered in the research report are:
• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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Segmentation Overview

The location intelligence market analysis is mainly based on application, service, vertical, and region. Based on application, the sales marketing segment witnessed the fastest growth. These tools are important in comprehending the complexities of sales and marketing processes.
According to service, the system integration segment holds a significant revenue share. The critical move pushes the demand for system integration to smoothly assimilate contemporary data streams into the prevailing framework. This is especially pertinent as the reach of IoT continues to surge, causing the gathering of sizeable location-connected details.

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