An emerging market analysis titled “Anticipated Trends, Drivers of Growth, and Obstacles in the Location of Things Market” has been showcased on Report Ocean.
The “Global Location of Things Market” report offers comprehensive insights into factors affecting demand, growth, opportunities, challenges, and limitations. It covers global and regional industry dynamics, including research & development, new product launches, and responses from leading players in both global and local markets. The report provides visual representations and regional breakdowns of the Location of Things Market.
Global Location of Things Market is valued approximately USD 19.75 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 37.9% over the forecast period 2022-2029.
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Location of Things is a subcategory of Internet of Things (IoT) enables connected devices to monitor and communicate their geographic location. Location of Things helps business in creating location specific push notifications to enhance customer engagement. It also reduces complexities in business processes and improves operations efficiency. The increasing adoption of location-based services and growing demand for Spatial Analytics in Business as well as rising adoption of IoT-based products & services would create lucrative growth prospectus for the market over the forecast period.
According to Statista – in 2019, the global market for Internet of things (IoT) end-user solutions was estimated at USD 212 billion, and the market is projected to grow to USD 1.6 trillion by 2025. Moreover, as per Statista – in 2021, the total installed base of Internet of Things (IoT) connected devices worldwide was estimated at 13.8 billion units, and the number of IoT connected devices is projected to grow to 30.9 billion devices by 2025. Also, growing emergence of cloud-based technologies as well as rising expansion of aerospace & defense sector would create lucrative growth prospectus for the market over the forecast period. However, rising concern over data security & privacy stifles the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Location of Things Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of market share owing to factors such as presence of leading market players as well as growing commercialization of location-based services in the region. Whereas Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising penetration IoT based devices as well as rapid expansion of logistics & transportation sector in the region.
Major market players included in this report are:
- Bosch Software Innovations GMBH (Germany)
- Google, Inc. (Alphabet, Inc.) (US)
- IBM Corporation (US)
- Microsoft Corporation (US)
- ESRI (US)
- Qualcomm Technologies, Inc. (US)
- Wireless Logic (UK)
- Ubisense Group Plc (UK)
- Pitney Bowes (US)
- HERE (US)
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Recent Developments in the Market:
In August 2021, Claro Enterprise Solutions, announced the launch of RTLS+, an IoT-enabled suite of real-time location solutions. This new platform integrates advanced Artificial Intelligence (AI), machine learning, video analytics, location tracking, ID, and network technologies among others.
In March 2022, MetaGeo rolled out a geographic information system (GIS) platform to enable businesses to host, analyze, find, and share 3D map datasets between internet-capable devices.
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Location Type, Application, End Use Industry, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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The detailed segments and sub-segment of the market are explained below:
By Location Type
Indoor Location
Outdoor Location
By Application
Mapping & Navigation
Location-based Customer Engagement & Advertising Platform
Location-based Social Media Monitoring
IoT Asset Management
Location Intelligence
By End Use Industry
BFSI
Defense
Government & Public Utilities
Healthcare & Life Sciences
Industrial Manufacturing
Media & Entertainment
Retail & E-Commerce
Transportation & Logistics
By Region:
North America: U.S., Canada
Europe: UK, Germany, France, Spain, Italy, Rest of Europe (ROE)
Asia Pacific: China, India, Japan, Australia, South Korea, Rest of Asia Pacific (RoAPAC)
Latin America: Brazil, Mexico, Rest of Latin America (RoLA)
Rest of the World
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Report Overview:
This research offers a comprehensive exploration of the emerging trends poised to shape the future business landscape. It delves deep into the pivotal factors driving the growth of the Location of Things market over the projected period. Furthermore, the report sheds light on strategic initiatives undertaken by leading industry players to fortify their market positions.
Market Dynamics:
Encompassing a global perspective, this study presents insights into the influential entities within the worldwide Location of Things market. It encompasses contact details, sales figures, and global market estimates. The research draws from reputable sources and institutions, aggregating a wealth of information and insightful analysis pertaining to the global Location of Things market.
Marketing Insights:
The study furnishes essential facts and statistics relevant for marketers, consultants, and decision-makers navigating the global Location of Things market landscape. With comprehensive regional breakdowns, this research offers a vital resource for newcomers venturing into the global Location of Things market. It encapsulates indispensable insights extracted from the Location of Things Market domain, facilitating informed decision-making processes.
This report covers several key questions related to the global Location of Things market, including:
Our most recent research report showcases the thriving expansion of the global Location of Things Market and offers in-depth insights into the projected market size, share, and revenue until 2031.
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