Location-Based Services (LBS) market to Growth Rate (CAGR) of 17% during the forecast period.
The advent of digitization increases the need for location-based services (LBS) due to the ability to provide tailored marketing strategy solutions, resulting in new revenue growth opportunities for players choosing these solutions. Location-based services are experiencing a surge in demand for analytics solutions due to their ability to provide and analyze real-time geographic data. For example, retailers can strategize their marketing campaigns based on customer location for nearest store or location-based offer. This will help provide retailers with new and advanced revenue growth opportunities, which are expected to fuel the location-based services market during the forecast period.
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By the type, the market is primarily split into
- Location
- Navigation
- Query
- Recognition
- Event Checking
By the application, this report covers the following segments
- Mobile Phone
- Automotive
- Cloud
- Others
The Location-based Services (LBS) key manufacturers in this market include:
- Ericsson
- Syniverse
- Ekahau
- Galigeo
- Masternaut
- Pitney Bowes
- Tomtom International
- Polaris Wireless
- TCS
- Ruckus
- DigitalGlobe
A full report of Global Location-Based Services (LBS) Market is available at: https://www.orionmarketreports.com/location-based-services-lbs-market/30909/
Scope of the Report
The research study analyzes the global Location-Based Services (LBS) industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Location-Based Services (LBS) Market Report
1. What was the Location-Based Services (LBS) Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Location-Based Services (LBS) Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Location-Based Services (LBS) Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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