The new report by Expert Market Research titled, ‘Global Location-Based Services Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global location-based services market, assessing the market based on its segments like component, location type, service type, application, end use, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/location-based-service...

The key highlights of the report include:

Market Overview (2016-2026)

• Historical Market Size (2020): USD 35.4 billion
• Forecast CAGR (2021-2026): 24%
• Forecast Market Size (2026): USD 131 billion

The increase in smart phone and the usage of location-aware technologies across the globe is a key driver for location-based services industry. Further, the advancements in cloud, IOT, IT infrastructure are aiding the growth of the location-based services industry. There is also an emerging demand for wearable devices across developed and developing countries which is predicted to boost the market in the forecast period. Location-based services offers information related to specific location, which, in turn, provides various opportunities to various industries. In addition, the growing interests and competition among industry key players in the market are predicted to invest in the technological advancements of location-based services, which is expected to positively influence the market.

Industry Definition and Major Segments

Location based services (LBS) are mainly used for navigation but currently they are being used across all industry verticals and have a wide range of applications. Location based services (LBS) are widely deployed within the last decade across the globe.

Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/location-based-service...

On the basis of component, the market is divided into:

• Hardware
• Software
• Services

Based on location type, the industry can be segmented into:

• Outdoor
• Indoor

Based on service type, the industry can be segmented into:

• Professional
• Managed

By application, the industry is segmented into:

• Tracking and Navigation
• Marketing and Advertising
• Location-Based Health Monitoring
• Location-Based Social Networks
• Others

Based on end use, the industry can be segmented into:

• BFSI
• Retail
• Manufacturing
• Healthcare and Life Sciences
• Media and Entertainment
• IT and Telecom
• Transportation and Logistics
• Others

The regional markets for the product include:

• North America
• Europe
• The Asia Pacific
• Latin America
• The Middle East and Africa

Market Trends

The growing interests among the global population for wearable devices and smart devices is expected to aid the market growth of location-based services. There is a huge demand in various industries for indoor LBS and vertical positioning. Several industries across the globe are working on this area by the fusion of wireless sensors, geo-magnetic field and beacons which will be complementing the GPS. Location-based services has a critical role to play in enhancing all city services, from crime prevention to pest control, which, in turn, helps the government.

Key Market Players

The major players in the market are ALE International, Navizon, Inc., Apple Inc., Oracle Corporation, IBM Corporation, Cisco Systems, Inc, Microsoft Corporation

Related Reports:

5G Infrastructure Market: https://www.expertmarketresearch.com/reports/5g-infrastructure-market

Digital Signage Market: https://www.expertmarketresearch.com/reports/digital-signage-market

Video Analytics Market: https://www.expertmarketresearch.com/reports/video-analytics-market

Cognitive Enhancement Wearable Technology Market: https://www.expertmarketresearch.com/reports/cognitive-enhancement-...

Smart Water Meter Market: https://www.expertmarketresearch.com/reports/smart-water-meter-market

Learning Management System Market: https://www.expertmarketresearch.com/reports/learning-management-sy...

Cloud Analytics Market: https://www.expertmarketresearch.com/reports/cloud-analytics-market

Big Data Market: https://www.expertmarketresearch.com/reports/big-data-market

Service Robotics Market: https://www.expertmarketresearch.com/reports/service-robotics-market

Mobile Advertising Market: https://www.expertmarketresearch.com/reports/mobile-advertising-market

Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: Expert Market Research
Contact Person: Mathew Williams, Business Consultant
Email: [email protected]
Expert Market Research
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com