Press release
Global Location-based Services (LBS) and Real Time Location Systems (RTLS) Market Boosting CAGR of +39.2% by 2024 with Top Manufacturers, Growth, Size, Analysis, Competitive Landscape and Forecast till 2024
The Global Location-based services (LBS) and Real Time Location Systems (RTLS) Market accounted for USD 16.2 billion in 2016 growing at a CAGR of 39.2% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Global Location-based services (LBS) and Real Time Location Systems (RTLS) Market, By Geography; Location Type (Indoor, Outdoor); Technology (Satellite, Microwave & Infrared Remote Sensing, OTDOA & E-OTD, RFID & NFC, Context-Aware Technology, Wi-Fi/WLAN, UWB, BT/BLE, Beacons, A-GPS); Hardware; Software; Service; Application Area – Industry Trends and Forecast to 2024
Complete report on Global Location-based services (LBS) and Real Time Location Systems (RTLS) Market Research Report 2017-2024 spread across 350 Pages, profiling Top companies and supports with tables and figures
Key Questions Answered in Global Location-based services (LBS) and Real Time Location Systems (RTLS) Market Report:-
Our Report offers:-
• What will the market growth rate, Overview and Analysis by Type of Global Location-based services (LBS) and Real Time Location Systems (RTLS) Market in 2024?
• What are the key factors driving, Analysis by Applications and Countries Global Location-based services (LBS) and Real Time Location Systems (RTLS) Market?
• What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Location-based services (LBS) and Real Time Location Systems (RTLS) Market?
• Who are Opportunities, Risk and Driving Force of Global Location-based services (LBS) and Real Time Location Systems (RTLS) Market?
• Who are the opportunities and threats faced by the vendors in Global Location-based services (LBS) and Real Time Location Systems (RTLS) Market? Business Overview by Type, Applications, Gross Margin and Market Share
• What are the Global Location-based services (LBS) and Real Time Location Systems (RTLS) Market opportunities, market risk and market overview of the Market?
Market Definition: Global Location-based services (LBS) and real time location systems (RTLS) Market
Location-based services (LBS) is a location based software which requires the real location of the mobile device and through this the user can easily get information about different locations for instance, the nearest hospital, bank or ATM. Real time location systems (RTLS) helps in detecting the current geographical location of an object. RTLS and LBS are widely applicable in BFSI, defense, government and public utilities, healthcare and life sciences, industrial manufacturing, media and entertainment, retail and e-commerce, transportation and logistics, and others. Higher adoption of business intelligence and increasing market competitiveness may act as the major driver in the growth of location-based services (LBS) and real time location systems (RTLS) market. On the other side, lack of awareness, expertise, and other operational challenges may hamper the market.
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Top Key Players:
• Cisco Systems, Inc.
• Google, Inc.
• IBM Corporation
• Microsoft Corporation
• Oracle
• ESRI
• ZIH Corp
• Qualcomm Technologies, Inc.
• Ericsson
• Teldio Corp.
• and others.
Major Market Drivers:
• Availability of spatial data and analytical tools
• Higher adoption of business intelligence and increasing market competitiveness
• Increasing use of technologies
• Increasing applications in numerous industry sectors
• Higher adoption of location-based apps among consumers
• High upfront costs of real-time location systems
• Lack of awareness, expertise, and other operational challenges
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Market Segmentations:
Global Location-based services (LBS) and real time location systems (RTLS) Market is segmented on the basis of
• Location Type
• Technology
• Hardware
• Software
• Service
• Application Area
• Geography
Market Segmentations in Details:
On the basis of Location Type into indoor location and outdoor location..
On the basis of Technology, the global location-based services (LBS) and real time location systems (RTLS) market is segmented into satellite, microwave, and infrared remote sensing, OTDOA and E-OTD, RFID and NFC, context-aware technology, Wi-Fi/WLAN, UWB, BT/BLE, beacons, and A-GPS, and others.
On the basis of Hardware, the global location-based services (LBS) and real time location systems (RTLS) market is segmented into sensors and readers, tags and transponders, and others.
On the basis of Software, the global location-based services (LBS) and real time location systems (RTLS) market is segmented into geocoding and reverse geocoding, geospatial transformation and load, reporting and visualization, location analytics, context accelerator and geofencing, risk analytics and threat prevention, and others.
On the basis of Service, the global location-based services (LBS) and real time location systems (RTLS) market is segmented into consulting and advisory services, deployment and integration, and application support and maintenance.
On the basis of Application Area, the global location-based services (LBS) and real time location systems (RTLS) market is segmented into BFSI, defense, government and public utilities, healthcare and life sciences, industrial manufacturing, media and entertainment, retail and e-commerce, transportation and logistics, and others.
On the basis of Geography,
• North America
• South America
• Europe
• Asia-Pacific
• Middle East & Africa
Company Share Analysis: Global Location-based services (LBS) and real time location systems (RTLS) Market
The report for location-based services (LBS) and real time location systems (RTLS) market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
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