Press release
Location Analytics Market Set to Reach $49.34 Billion by 2029 with 0.170000787272759% Yearly Growth
Location Analytics Market
The growth of the location analytics market is anticipated to be driven by the increasing application of spatial data and analytical tools. These tools enhance comprehension, insights, decisions, and predictions by integrating layers of geographic information, such as weather, traffic, geography, and others. Location data can predict demand, recognize supply chain disruptions, assist in infrastructure planning, and more. For example, Impact Networking, a business technology firm based in the United States, reports that businesses employing business intelligence and analytics see an average return on investment of 1300%. As such, the escalating adoption of spatial data and analytical tools fuels the expansion of the location analytics market.
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What is the projected compound annual growth rate (CAGR) of the location analytics market from 2025 to 2034, and what factors influence it?
In the past few years, there has been a swift expansion in the market size of location analytics. The market, valued at $23.31 billion in 2024, is predicted to rise to $26.33 billion in 2025, reflecting a compound annual growth rate (CAGR) of 12.9%. The surge in growth during the historical period is attributed to the incorporation of GPS technology in smartphones, emergence of location-based services (LBS), deployment of geographic information system (GIS), the growing application of location analytics in retail for precise marketing, and the uptake of location-centric analytics in supply chain management.
The market size for location analytics is projected to experience swift growth over the coming years, expanding to a value of $49.34 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 17.0%. Factors contributing to this potential surge over the forecast period include the proliferation of location analytics in the Internet of Things (IoT) arena, escalating demand for real-time location intelligence, combination of location analytics with Artificial Intelligence (AI), the application of location analytics in the infrastructure of smart cities, and the rising usage of location-centered analytics in the healthcare segment. The forecast period is also expected to witness emerging trends such as the creation of indoor location analytics solutions, a focus on privacy and ethical utilization of location data, amalgamation of Augmented Reality (AR) with location analytics, using location analytics for predictive analytics, and the incorporation of location analytics in risk management and security.
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How are the latest trends influencing the growth of the location analytics market?
In the location analytics market, leading firms are improving their customer service through the creation of advanced solutions such as location intelligence platforms. These platforms, which are essentially software solutions, incorporate, examine, and illustrate geospatial data, offering valuable insights for decision-making and strategic planning across diverse sectors. One example is Unacast, a US-based location intelligence and insights firm, which launched Unacast Insights in May 2023. This robust location intelligence platform is targeted at real estate investors, marketers, and retailers eager to comprehend people's movements within the United States and in specific areas of interest. The platform enables users to engage with migration and demographic trends at a range of scales-from state to city to zip code-and to grasp foot traffic trends at certain venues or interest points.
What are the major segments of the location analytics market and their role in driving growth?
The location analytics market covered in this report is segmented -
1) By Location Type: Outdoor Location, Indoor Location
2) By Component: Solutions, Services
3) By Deployment Mode: On Premise, Cloud
4) By Application: Risk Management, Customer Experience Management, Remote Monitoring, Supply Chain Planning And Optimization, Emergency Response Management, Location Selection And Optimization, Other Applications
Subsegments:
1) By Outdoor Location: Geospatial Analytics, GPS Data Analytics, Mobile Location Analytics
2) By Indoor Location: Wi-Fi Analytics, Bluetooth Beacons, RFID Tracking, Indoor Mapping Solutions
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Which regions are key players in the growth of the location analytics market?
North America was the largest region in the location analytics market in 2024.The regions covered in the location analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the key firms paving the way for growth in the location analytics market?
Major companies operating in the location analytics market include Alteryx Inc., Cisco Systems Inc., CleverMaps Inc., Environmental Systems Research Institute Inc. (ESRI), GaliGeo, Google LLC, Here Technologies, Hexagon AB, Indoor Atlas Ltd, Lepton Software Limited, Microsoft Corporation, Pitney Bowes Inc., PlaceIQ Inc., Precisely Inc., SAP SE, SAS Institute Inc., Sparkgeo Consulting Inc., TIBCO Software Inc., TomTom International BV, Zebra Technologies Corporation, GapMaps, Hardcastle GIS Solutions Inc., Locale. ai Inc., Mapidea Lda, NEWGROVE Limited, Orbica Limited, Placense, Esri Technologies Limited, International Business Machines Corporation (IBM), CleverAnalytics AS, Foursquare Labs Inc., Geoblink S. L., Mapbox Inc., Near Pte Ltd., Geospark Analytics, Geosys Enterprise Solutions Pvt. Ltd., Geotab Inc.
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What Is Covered In The Location Analytics Global Market Report?
•Market Size Forecast: Examine the location analytics market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the location analytics market for a structured understanding.
•Key Players Overview: Analyze major players in the location analytics market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the location analytics market.
•Segment Contributions: Evaluate how different segments drive overall growth in the location analytics market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the location analytics market.
•Industry Challenges: Identify potential risks and obstacles affecting the location analytics market.
•Competitive Landscape: Review strategic developments in the location analytics market, including expansions, agreements, and new product launches.
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