{"product_id":"location-based-services-market-by-component-technology-gps-wi-fi-nfc-application-gis-navigation-tracking-social-media-location-industry-vertical-logistics-retail-healthcare-media-defense-hospitality-bfsi-global-forecast-to-2029","title":"Location-based Services Market by Component, Technology (GPS, Wi-Fi, NFC), Application (GIS, Navigation, Tracking, Social Media), Location, Industry Vertical (Logistics, Retail, Healthcare, Media, Defense, Hospitality, BFSI) - Global Forecast to 2029","description":"\u003cp\u003eLocation-based Services Market by Component, Technology (GPS, Wi-Fi, NFC), Application (GIS, Navigation, Tracking, Social Media), Location, Industry Vertical (Logistics, Retail, Healthcare, Media, Defense, Hospitality, BFSI) - Global Forecasts to 2029\u003c\/p\u003e\n\n\u003cp\u003eThe research report titled “Location-based Services Market by Component, Technology (GPS, Wi-Fi, NFC), Application (GIS, Navigation, Tracking, Social Media), Location, Industry Vertical (Logistics, Retail, Healthcare, Media, Defense, Hospitality, BFSI) - Global Forecasts to 2029”, provides in-depth analysis of the location-based services market in five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2029.\u003c\/p\u003e\n\n\u003cp\u003eThe global location-based services market is expected to reach $239.70 billion by 2029, growing at a CAGR of 15.2% during the forecast period of 2022 to 2029. The growth of this market is mainly attributed to the integration of location-based services for developing HD road network maps for autonomous vehicles, the increasing usage of location-based services in the agriculture sector, the proliferation of location-based services in the retail sector, and the growing significance of location-based services in strategic planning and crime analysis.\u003c\/p\u003e\n\n\u003cp\u003eThe study offers a comprehensive analysis of the global location-based services market based on components, application, technologies, location type, end user, and geography. The global location-based services market is segmented based on component (platforms\/solutions, professional services), technology (global positioning system, global navigation satellite system, Wi-Fi, near-field communication, other technologies), application (geo-marketing and advertising or target marketing, mapping \u0026amp; GIS, navigation, tracking, social networking infotainment, commercial, other applications), location type (indoor, outdoor), industry vertical (transportation \u0026amp; logistics, government \u0026amp; public sector, retail and consumer goods, manufacturing, healthcare \u0026amp; life sciences, media \u0026amp; entertainment, aerospace \u0026amp; defense, agriculture, hospitality \u0026amp; tourism, BFSI, IT \u0026amp; telecom, other industries). The study also evaluates industry competitors and analyses the market at the country level.\u003c\/p\u003e\n\n\u003cp\u003eBased on component, the professional services segment is expected to register a faster growth rate during the forecast period. The growth of this segment is driven by factors, such as the increasing demand for location-based professional services, including mapping, implementation \u0026amp; support, and consulting and development services, comprehensive expertise in designing location-based applications, and growing demand for the development of advanced functionalities, hardware integration, and support \u0026amp; maintenance of the location-powered applications.\u003c\/p\u003e\n\n\u003cp\u003eBased on industry vertical, in 2022, the transportation \u0026amp; logistics segment is expected to account for the largest share of the global location-based services market. The rising demand for location-based services by the transportation industry, the growing demand for GPS-enabled systems across the transportation industry, and the increasing deployment of location-based services by leading LBS players are factors driving the growth of the location-based services market. However, the retail and consumer goods segment is expected to record the fastest growth rate during the forecast period.\u003c\/p\u003e \n\n\u003cp\u003eBased on geography, the location-based services market is segmented into five major geographies, namely North America, Europe, Asia-Pacific, Latin America, and the Middle East \u0026amp; Africa. In 2022, Asia-Pacific is estimated to account for the largest share of the location-based services market. The large market share of Asia-Pacific is attributed to the increasing deployment of location-based services across Asian countries, the growing demand from food \u0026amp; beverage industries to deliver fresh meat and seafood products, and the favorable government initiatives across Asian countries that support the adoption of location-based services.\u003c\/p\u003e\n\n\u003cp\u003eIn recent years, developed APAC markets, especially Japan, India, South Korea, Australia, Greater China, and Singapore, have accelerated the adoption of location-based services and solutions. Also, the increasing deployment of location-based services across Asian countries is driving the growth of the APAC location-based services market. For instance, in 2019, Mercedes-Benz (Germany) implemented the HERE Real-Time Traffic solution provided by HERE Technologies (Netherlands) to power live traffic service for cars sold across the Americas and Asia-Pacific.\u003c\/p\u003e\n\n\u003cp\u003eIn addition, the favorable government initiatives across Asian countries that support the adoption of location-based services are also encouraging the growth of the APAC LBS market. For instance: in 2021, the National Highways Authority of India (NHAI) announced its plans to replace toll plazas with GNSS-based tolling systems within the next two to three years for reducing traffic congestions at toll booths and providing relief to motorists.\u003c\/p\u003e\n\n\u003cp\u003eSome of the key players operating in the global location-based services market are ALE International (France), Google LLC (U.S.), Apple Inc. (U.S.), Rohde \u0026amp; Schwarz GmbH \u0026amp; Co. KG (Germany), AT\u0026amp;T Inc. (U.S.), Cisco Systems, Inc. (U.S.), HERE Technologies (Netherlands), IBM Corporation (U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), Qualcomm Technologies, Inc. (U.S.), Telefonaktiebolaget LM Ericsson (Sweden), TomTom N.V. (Netherlands), Foursquare (U.S.), ESRI (U.S.), Intellias Ltd (U.S.), Zebra Technologies (U.S.), Aruba Networks (U.S.), SAP SE (Germany), Precisely (U.S.), Hexagon AB (Sweden), and Trimble, Inc. (U.S.).\u003c\/p\u003e\n\n\u003cp\u003eKey questions answered in the report-\u003c\/p\u003e\n\n\u003cp\u003eWhich are the high growth market segments in terms of the components, applications, technologies, location type, industry vertical, and countries?\u003cbr\u003e\nWhat is the historical market for location-based services across the globe?\u003cbr\u003e\nWhat are the market forecasts and estimates from the period of 2019–2029?\u003cbr\u003e\nWhat are the major drivers, restraints, and opportunities in the global location-based services market?\u003cbr\u003e\nWho are the major players in the global location-based services market and what shares of the market do they hold?\u003cbr\u003e\nWho are the major players in various countries and what shares of the market do they hold?\u003cbr\u003e\nHow is the competitive landscape?\u003cbr\u003e\nWhat are the recent developments in the global location-based services market?\u003cbr\u003e\nWhat are the different strategies adopted by the major players in the global location-based services market?\u003cbr\u003e\nWhat are the geographical trends and high growth countries?\u003cbr\u003e\nWho are the local emerging players in the global location-based services market and how do they compete with the other players?\u003c\/p\u003e\n\n\u003cp\u003eScope of the Report\u003c\/p\u003e\n\n\u003cp\u003eLocation-based Services Market, by Component\u003c\/p\u003e\n\n\u003cp\u003ePlatforms\/Solutions\u003cbr\u003e\nLocation Intelligence Solutions\u003cbr\u003e\nLocation-powered Mobile Applications\u003cbr\u003e\nLocation-based Messaging\u003cbr\u003e\nProfessional Services\u003cbr\u003e\nMapping Services\u003cbr\u003e\nImplementation \u0026amp; Support\u003cbr\u003e\nConsulting and Development Services\u003c\/p\u003e\n\n\u003cp\u003eLocation-based Services Market, by Technology\u003c\/p\u003e\n\n\u003cp\u003eGlobal Positioning System (GPS)\u003cbr\u003e\nGlobal Navigation Satellite System (GNSS)\u003cbr\u003e\nWi-Fi\u003cbr\u003e\nNear Field Communication\u003cbr\u003e\nOther Technologies\u003c\/p\u003e\n\n\u003cp\u003eLocation-based Services Market, by Application\u003c\/p\u003e\n\n\u003cp\u003eGeo Marketing and Advertising or Target Marketing\u003cbr\u003e\nMapping \u0026amp; GIS\u003cbr\u003e\nNavigation\u003cbr\u003e\nSmart Parking\u003cbr\u003e\nRoute Planning\u003cbr\u003e\nOther Navigation Applications\u003cbr\u003e\nTracking\u003cbr\u003e\nChildren Locators\u003cbr\u003e\nParolees Monitoring\u003cbr\u003e\nPets locators\u003cbr\u003e\nTracking of valuable and stolen goods\u003cbr\u003e\nSocial Networking\u003cbr\u003e\nDating\u003cbr\u003e\nFriend Locator\u003cbr\u003e\nChat and Instant Messaging Services\u003cbr\u003e\nInfotainment\u003cbr\u003e\nCommercial \u003cbr\u003e\nOther Applications\u003c\/p\u003e\n\n\u003cp\u003eLocation-based Services Market, by Location Type\u003c\/p\u003e\n\n\u003cp\u003eIndoor\u003cbr\u003e\nOutdoor\u003c\/p\u003e\n\n\u003cp\u003eLocation-based Services Market, by Industry Vertical\u003c\/p\u003e\n\n\u003cp\u003eTransportation \u0026amp; Logistics\u003cbr\u003e\nGovernment \u0026amp; Public Sector\u003cbr\u003e\nRetail and Consumer Goods\u003cbr\u003e\nManufacturing\u003cbr\u003e\nHealthcare \u0026amp; Life Sciences\u003cbr\u003e\nMedia \u0026amp; Entertainment\u003cbr\u003e\nAerospace \u0026amp; Defense\u003cbr\u003e\nAgriculture\u003cbr\u003e\nHospitality \u0026amp; Tourism\u003cbr\u003e\nBFSI\u003cbr\u003e\nIT \u0026amp; Telecom\u003cbr\u003e\nOther Industries (Gaming, Oil and Gas, Mining, Education)\u003c\/p\u003e\n\n\u003cp\u003eLocation-based Services Market, by region\u003c\/p\u003e\n\n\u003cp\u003eNorth America\u003cbr\u003e\nU.S.\u003cbr\u003e\nCanada\u003cbr\u003e\nEurope\u003cbr\u003e\nGermany\u003cbr\u003e\nU.K.\u003cbr\u003e\nFrance\u003cbr\u003e\nItaly\u003cbr\u003e\nSpain\u003cbr\u003e\nNetherlands\u003cbr\u003e\nSwitzerland\u003cbr\u003e\nRest of Europe\u003cbr\u003e\nAsia-Pacific\u003cbr\u003e\nJapan\u003cbr\u003e\nChina\u003cbr\u003e\nIndia\u003cbr\u003e\nSouth Korea\u003cbr\u003e\nSingapore\u003cbr\u003e\nTaiwan\u003cbr\u003e\nAustralia and New Zealand\u003cbr\u003e\nRest of Asia-Pacific\u003cbr\u003e\nLatin America\u003cbr\u003e\nMexico\u003cbr\u003e\nBrazil\u003cbr\u003e\nRest of Latin America\u003cbr\u003e\nMiddle East \u0026amp; Africa\u003cbr\u003e\nUAE\u003cbr\u003e\nIsrael\u003cbr\u003e\nRest of MEA      Location-based Services market - Report Summary                        Report Metrics            Details                            Years Considered            2020 - 2029                            Base Year            2021                            Forecast Period            2022-2029                            Page Count            457                            Units Referenced             Value (USD Million)                            Segments\/Key Topics             Market by Component, Market by Technology, Market by Application, Market by Location Type, Market by Industry Vertical, Market by Geography                             Regions Covered             North America, Europe, Asia-Pacific, Latin America, and Middle East \u0026amp; Africa                            Key Companies Mentioned             ALE International (France), Google LLC (U.S.), Apple Inc. (U.S.), Rohde \u0026amp; Schwarz GmbH \u0026amp; Co. KG (Germany), AT\u0026amp;T Inc. (U.S.), Cisco Systems, Inc. (U.S.), HERE Technologies (Netherlands), IBM Corporation (U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), Qualcomm Technologies, Inc. (U.S.), Telefonaktiebolaget LM Ericsson (Sweden), TomTom N.V. (Netherlands), Foursquare (U.S.), ESRI (U.S.), Intellias Ltd (U.S.), Zebra Technologies (U.S.), Aruba Networks (U.S.), SAP SE (Germany), Precisely (U.S.), Hexagon AB (Sweden), and Trimble, Inc.(U.S.)\u003c\/p\u003e            \n\n\u003cp\u003eFAQs About the Report\u003c\/p\u003e\n\n\u003cp\u003eWhat is the value of revenue generated from the sale of location-based services across the globe? At what rate is their demand expected to grow for the next 5-7 years?\u003c\/p\u003e\n\n\u003cp\u003eThe global location-based services market is projected to reach $239.70 billion by 2029, at a CAGR of 15.2% during the forecast period.\u003c\/p\u003e\n\n\u003cp\u003eWhich application type segment showcases high growth opportunities for the location-based services market players?\u003c\/p\u003e\n\n\u003cp\u003eBased on application, the navigation segment is expected to account for the largest share of the global location-based services market owing to rapid implementation of comprehensive navigation solutions for automakers, exerting efforts by leading LBS players to develop a broad range of automotive navigation services, rising demand for location-based smart parking solutions, and gradual proliferation of smart parking management systems.\u003c\/p\u003e\n\n\u003cp\u003eWhich industry vertical segments of the market is projected to create more traction in the global location-based services market?\u003c\/p\u003e\n\n\u003cp\u003eThe retail \u0026amp; consumer goods industry is expected to grow at the fastest CAGR during the forecast period, mainly due to the rising demand for location-based retailing services and Bluetooth beacon technologies to promote proximity marketing and the increasing need for in-store navigation support across the retail stores.\u003c\/p\u003e\n\n\u003cp\u003eWhat are the key factors driving the growth of the location-based services market? What are major opportunities for existing market players and new entrants in the market?\u003c\/p\u003e\n\n\u003cp\u003eGrowing significance of location-based services in strategic planning and crime analysis, integration of location-based services for developing HD road network maps for autonomous vehicles, the surge in the use of location-based services for strengthening the agriculture sector are the major factors driving the growth of the location-based services market. Moreover, the growing demand for drone data platforms across various enterprises and constant upgradation in mapping and navigation solutions provide significant opportunities in the global location-based services market.\u003c\/p\u003e\n\n\u003cp\u003eWho are the major players operating in the global location-based services market?\u003c\/p\u003e\n\n\u003cp\u003eSome of the key players operating in the global location-based services market are ALE International (France), Google LLC (U.S.), Apple Inc. (U.S.), Rohde \u0026amp; Schwarz GmbH \u0026amp; Co. KG (Germany), AT\u0026amp;T Inc. (U.S.), Cisco Systems, Inc. (U.S.), HERE Technologies (Netherlands), IBM Corporation (U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), Qualcomm Technologies, Inc. (U.S.), Telefonaktiebolaget LM Ericsson (Sweden), TomTom N.V. (Netherlands), Foursquare (U.S.), ESRI (U.S.), Intellias Ltd (U.S.), Zebra Technologies (U.S.), Aruba Networks (U.S.), SAP SE (Germany), Precisely (U.S.), Hexagon AB (Sweden), and Trimble, Inc.(U.S.).\u003c\/p\u003e\n\n\u003cp\u003eWhich regions\/countries are expected to witness significant demand for location-based services in the coming years?\u003c\/p\u003e\n\n\u003cp\u003eAt present, Asia-Pacific dominates the global location-based services market. However, countries such as Germany, Japan, China, South Korea, the Netherlands, and the U.K. are expected to witness strong growth in demand for location-based services.\u003c\/p\u003e","brand":"Travel \u0026 Leisure","offers":[{"title":"July, 2022 \/ 457 Pages \/ MCW16193629","offer_id":47554698051890,"sku":null,"price":5010.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/location-based-services-market-by-component-technology-gps-wi-fi-nfc-application-gis-navigation-tracking-social-media-location-industry-vertical-logistics-retail-healthcare-media-defense-hospitality-bfsi-global-forecast-to-2029","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}