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Location-Based Services Market to Record USD 152.95 Mn Growth | Alibaba Group Holding Ltd., Alphabet Inc., and Apple Inc. emerge as dominant players | Technavio
Friday, January 14, 2022

NEW YORK, Jan. 6, 2022 /PRNewswire/ -- Location-based services Market Facts at a Glance-

    --  Total Pages: 120
    --  Companies: 10+ - Including Alibaba Group Holding Ltd., Alphabet Inc.,
        Apple Inc., AT&T Inc., Cisco Systems Inc., Facebook Inc., Foursquare
        Labs Inc., HERE Global BV, International Business Machines Corp., and
        Microsoft Corp.
    --  Coverage: Key drivers, trends, and challenges; Product insights & news;
        Value chain analysis; Parent market analysis; Vendor landscape; COVID
        impact & recovery analysis
    --  Segments: Type (outdoor and indoor)
    --  Geographies: North America, Europe, APAC, South America, and MEA

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According to the recent market study by Technavio, the Location-Based Services Market Size is expected to increase by USD 152.95 billion from 2020 to 2025, with an accelerated CAGR of 31.04%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.

North America will register the highest growth rate, occupying 49% of the global market share. The US is the key market for location-based services in North America. However, the market growth in this region will be slower than the growth of the market in APAC.

Download FREE Sample: for more additional information about the key countries in North America

Vendor Insights-

The location-based services market is fragmented and highly competitive. The market includes diverse players such as location providers, location technology developers, digital map providers, platform providers, application developers, navigation providers, mobile operators, proximity marketing providers, and mobile search providers. The market is also witnessing an increase in the number of start-ups offering innovative location-based services, which is further increasing the competition.

Alibaba Group Holding Ltd.: The company offers a wide range of LBS products such as GPS tracker, Fleet Asset Management Software Development Service, among various others.

Alphabet Inc.: The company offers Google Location Services (GLS).

Apple Inc.: The company offers indoor maps, 3D digital maps, Flyover, Siri, among various others.

AT&T Inc.: The company offers Donde, a location-based messaging service for mobile devices.

Cisco Systems Inc.: The company offers Cisco Location Appliance.

Find additional highlights on the vendors and their product offerings. Download Free Sample Report

Regional Market Outlook

The location-based services market growth in North America will be significant during the forecast period. The rapid adoption of mobile media by enterprises for promoting products and services coupled with the increasing adoption of location-enabled searches by individual users is driving the market growth in North America. The US is the prominent market for location-based services market in North America.

Download our FREE sample report for more key highlights on the regional market share of most of the above-mentioned countries.

Latest Drivers & Trends Driving the Market-

    --  Location-Based Services Market Driver:
        --  Rise in demand for personal and enterprise navigation services:

The use of navigation systems has enabled logistics companies to track the movement of goods across the world using real-time sensors, which is also helping them in enhancing their operational efficiencies. In addition, the rising availability and the declining cost smartphones have significantly increased the demand for personal and enterprise navigation services for multiple purposes. All these factors are increasing the demand for location-based services, which is driving the growth of the market.

    --  Location-Based Services Market Challenge:
        --  Increasing use of LED fixtures by LBS:

The integration of LED fixtures with LBS solutions is one of the main trends gaining traction in the market. The use of LED fixtures for LBS removes the need for additional hardware infrastructure for lighting, thereby reducing costs. It helps users locate the products or services quickly. The LED fixtures can also be used to communicate with consumers' smartphones to provide directions to varied services in airports, museums, and retail shops. This trend is expected to have a positive impact on the growth of the market during the forecast period.

Find additional information about various other market Drivers & Trends mentioned in our FREE sample report.

Related Reports:

GPS Market by Application and Geography - Forecast and Analysis 2022-2026

Enterprise Indoor Location-based Services Market in US by Technology and Product - Forecast and Analysis 2021-2025

                    Location-Based Services (LBS) Market Scope

        Report Coverage            


        Page number                                                       120


        Base year                                                        2020


        Forecast period            


        Growth momentum & CAGR                 Accelerate at a CAGR of 31.04%


        Market growth 2021-2025    
            USD 152.95 billion


        Market structure           


        YoY growth (%)                                                 30.12


        Regional analysis                   North America, Europe, APAC,
                                             South America, and MEA


        Performing market
         contribution                                    North America at 49%


        Key consumer countries              US, China, Germany, UK, and Japan


        Competitive landscape               Leading companies, competitive
                                             strategies, consumer engagement


                                           Alibaba Group Holding Ltd.,
                                             Alphabet Inc., Apple Inc., AT&T
                                             Inc., Cisco Systems Inc.,
                                             Facebook Inc., Foursquare Labs
                                             Inc., HERE Global BV,
                                             International Business Machines
        Companies profiled                   Corp., and Microsoft Corp.


                                           Parent market analysis, Market
                                             growth inducers and obstacles,
                                             Fast-growing and slow-growing
                                             segment analysis, COVID-19
                                             impact and future consumer
                                             dynamics, market condition
                                             analysis for the forecast
        Market Dynamics                      period.


                                           If our report has not included
                                             the data that you are looking
                                             for, you can reach out to our
                                             analysts and get segments
        Customization purview                customized.


About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200

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SOURCE Technavio

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