Location-Based Services (LBS) Market – Global Industry Size, Share, Trends, Opportunity, and Forecast. 2018-2028 Segmented By Component (Hardware, Software And Services), By Technology (GPS, Cell ID, Wi-Fi, Others), By Application (Location-based Advertising, Business Intelligence & Analytics, Fleet Management, Mapping and Navigation, Local Search & Information, Social Networking & Entertainment,
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationLocation-Based Services (LBS) Market – Global Industry Size, Share, Trends, Opportunity, and Forecast. 2018-2028 Segmented By Component (Hardware, Software And Services), By Technology (GPS, Cell ID, Wi-Fi, Others), By Application (Location-based Advertising, Business Intelligence & Analytics, Fleet Management, Mapping and Navigation, Local Search & Information, Social Networking & Entertainment,
Global Location-Based Services Market
A Location-Based Service (LBS) is an application used to determine the location of mobile or wireless devices. Location-Based services track the movement of people, goods, and vehicles, navigation, logistics, and inventory management. Additionally, LBS works by accessing real-time geospatial data points from your smartphone to extract and further process information, entertainment, or security data.
in applications
The market for location-based services is propelled by the broad range of industries in which they are used. Currently, LBS is utilised for estimating green fencing, forest conservation, managing water resources in agriculture and forestry, managing traffic in specific places, and other things. LBS is used by energy and resource management organizations to estimate mapping of the land cover, vegetation, and geology. LBS is required by the defense and military sectors for surveillance, battlefront analysis, and strategy development. For resource mapping, assessing geological data, and determining the best location for building, planning, and construction operations, the department of civil engineering uses LBS solution. In addition, a variety of LBS applications are found at in the media & entertainment, insurance, and tourist industries. As a result of these rapid increase in application of location based services has driven the market growth.
Demand for location-based services is rising
By utilising real-time geo-data, location-based services are utilised to transmit user location information over the internet. The emergence of wireless technology, cloud computing, the Internet of Things (IoT), and smartphone applications has increased website traffic, which in turn encourages the use of LBS to enhance user experience and improve services. As a result, LBS is becoming more and more important in a variety of industries, including government, defense, intelligence, telecommunication, manufacturing, e-retailing, energy, and natural resource management.
Growing Smartphone Consumer Base
Location-Based services (LBS) offer information, entertainment, or security using real-time geo-data from a smartphone or mobile device. Customers can "check-in" at places such as coffee shops, restaurants, retail retailers, concerts, and other venues or events. Businesses frequently provide additional incentives to customers who check in, such as gifts, vouchers, or discounts. The majority of Android phones in the market come pre-installed with Google Maps, whereas Apple devices offer Apple Maps for consumer navigation.
Market Segmentation
Global
Market Player
Recent Development
- In September 2019, thePhunware Location Experience Kit was introduced by Phunware, a mobileenterprise cloud platform. Brands have access to everything they need in thecomprehensive kit to set up the real-time location experience at their facility.
- In October 2019, inorder to maintain competition in location-based and HD mapping services, HEREand HYUNDAI MNSOFT announced their partnership. Together, the partners serveclients in an environment of fast industrial development in South Korea alongwith globally.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | · By Component · By Technology · By Application · By Industry Vertical · By Region |
| Regional scope | North America, Asia-Pacific, Europe, South America, Middle East & Africa |
| Country scope | United States, Canada, Mexico, China, India, Japan, South Korea, Australia, Singapore, Malaysia, Germany, United Kingdom, France, Russia, Spain, Belgium, Italy, Brazil, Colombia, Argentina, Peru, Chile, , Saudi Arabia, South Africa, UAE, Israel, Turkey |
| Key companies profiled | |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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