Location-Based Services Market LBS Industry to grow at a CAGR of 39.77% to 2021
Location-based services (LBS) are part of a software application that uses location data for IP-capable mobile devices to trace where the mobile device is located.The growing trend for the integration of location-based search with social networking websites will drive the growth prospects for the global LBS market during the projected period. The increasing interest of handset manufacturers and LBS providers towards the development of applications that integrate location-enabled search with social networking sites to enable users post updates on social networking sites with exact location information will fuel the popularity of location-based services.
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As a result, a large number of interested consumers can share real-life experiences using geo-tagged and user-generated multimedia content. Also, LBS enables users to access social networking sites and reach advertisers based on their location-based apps. GeoSolutions, Pelago, and Loopt are some of the major LBS providers that offer location-based mobile social networking services.
Key vendors
- Alibaba Group
- Apple
- Foursquare
- HERE
Other prominent vendors
- Aisle411
- Baidu
- Dianping
- Etisalat
- Intel
- MazeMap
- Micello
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Market driver
- Increased number of mobile computing devices
Market challenge
- Privacy and security issues
Market trend
- Growing popularity of proximity-based mobile advertising among enterprises
Fundamentals of Table of Content:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Global construction market
PART 06: Market drivers
PART 07: Market trends
PART 08: Global AEC market
PART 09: Market segmentation by product
PART 10: Geographical segmentation
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Five forces model
PART 14: Key vendor analysis
PART 15: Key vendor profiles
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Key questions answered in this report
- What will the market size be in 2021 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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