Press release
Emeging Evolution : LBS Market in US Will Grow At A CAGR Of 30.03% During The Period 2017-2020
LBS use the location of a mobile device to provide the required information through a mobile network. GPS deliver location information worldwide for outdoor environments. However, it does not provide such information for indoor environments.
Technologies such as wireless fidelity (Wi-Fi), wireless local area network (WLAN) modems, radio frequency identification (RFID) tags, ultrasound, infrared, and Bluetooth low energy (BLE) provide content information for indoor environments.
Location-enabled mobile devices include smartphones, tablets, and devices fitted in vehicles. The location of such devices is determined by localization, which considers the user's browsing activities related to navigation, lifestyle, shopping, social networking, public transportation, utilities, and games. LBS provide information about ongoing local events, shopping, and entertainment. They have emerged as an essential component of marketing strategies and monitoring systems.
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Technavios analysts forecast the LBS market in the US to grow at a CAGR of 30.03% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the location-based services (LBS) market in the US for 2015-2020.
The market is divided into the following segments based on end-users:
Individual consumers
Government organizations
SMEs and large enterprises
Technavio's report, LBS Market in US 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Apple
Foursquare
HERE
Micello
Telenav
Other prominent vendors
Aisle411
IndoorAtlas
Intel
MazeMap
Navizon
Near (AdNear)
Polaris Wireless
Scanbuy
Sensewhere
Shopkick
Spirent Communications
Sprint
TeleCommunication Systems
Telenity
TomTom
Verve Wireless
Waze
xAd
Yelp
Zebra
Market driver
High adoption of smartphone devices
For a full, detailed list, view our report
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Market challenge
Security and privacy concern
For a full, detailed list, view our report
Market trend
LBS using LED fixtures
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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