Report Description

Global Location-Based Services Market is expected to thrive during the forecast period 2024-2028. Increasing demand for active check-in apps and increased use of business intelligence tools for fraud management and secure authentication are driving the growth of Location-Based Services Market. Moreover, the rapid adoption of Wi-Fi and WLAN networks in hospitals and public places is expected to drive the market during the forecast period.

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.

Rapid Increase 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 available 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 stores, 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. The rising use of location-based services among smartphone users is further explained by a variety of features, including fraud prevention, mobile workforce management, and roadside help. Consequently, the market for location-based services is expected to be driven by the overall growth in the number of smartphone users throughout the forecast period.


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Market Segmentation

Global Location-Based Services market is segmented on the basis of component, technology, application, and industry vertical. On the basis of component, the market is futher segmented into hardware, software, and services. On the basis of technology, the market is further split into GPS, Cell ID, Wi-Fi, Others. On the basis of application, the market is further divided into location-based advertising, business intelligence & analytics, fleet management, mapping and navigation, local search & information, social networking & entertainment, others. On the basis of industry vertical, the market is segmented into manufacturing, BFSI, healthcare, retail & distribution, government & utilities, it & telecom, aerospace & defense, and Others.

Market Player

Major market players in the Global Location-Based Services Market are Google LLC, Cisco Systems, Inc., HERE Global B.V., ALE International SAS, Apple Inc., Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, Qualcomm Technologies, Inc., AT&T Inc., among others.

Recent Development

  • In September 2019, the Phunware Location Experience Kit was introduced by Phunware, a mobile enterprise cloud platform. Brands have access to everything they need in the comprehensive kit to set up the real-time location experience at their facility.
  • In October 2019, in order to maintain competition in location-based and HD mapping services, HERE and HYUNDAI MNSOFT announced their partnership. Together, the partners serve clients in an environment of fast industrial development in South Korea along with 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

Google LLC, Cisco Systems, Inc., HERE Global B.V., ALE International SAS, Apple Inc., Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, Qualcomm Technologies, Inc. and AT&T Inc.

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)

 

Report Scope:

In this report, the Global Location-Based Services market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

            ·         Location-Based Services Market, By Component

o   Hardware

o   Software

o   Services

            ·         Location-Based Services Market, By Technology

o   GPS

o   Cell ID

o   Wi-Fi

o   Others

            ·         Location-Based Services Market, By Application

o   Location-Based Advertising

o   Business Intelligence & Analytics

o   Fleet Management

o   Mapping and Navigation

o   Local Search & Information

o   Social Networking & Entertainment

o    Others

            ·         Location-Based Services Market, By Industry Verticle:

o   Manufacturing

o   BFSI

o   Healthcare

o   Retail & Distribution

o   Government & Utilities

o   IT & Telecom

o   Aerospace & Defense

o   Others

            ·         Location-Based Services Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Asia-Pacific

§  China

§  India

§  Japan

§  South Korea

§  Australia

§  Singapore

§  Malaysia

o   Europe

§  Germany

§  United Kingdom

§  France

§  Russia

§  Spain

§  Belgium

§  Italy

o   South America

§  Brazil

§  Argentina

§  Colombia

§  Peru

§  Chile

o   Middle East

§  Saudi Arabia

§  South Africa

§  UAE

§  Israel

§  Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Location-Based Services market.

Available Customizations:

With the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

T    Global Location-Based Services market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected] 

Table of content

1.    Service Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Location-Based Services Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Factors Considered while Selecting Service Provider

5.3.  Key Satisfaction Level

6.    Global Location-Based Services Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Component (Hardware, Software, Services)

6.2.2.    By Technology (GPS, Cell ID, Wi-Fi, Others)

6.2.3.    By Application (Location-Based Advertising, Business Intelligence & Analytics, Fleet Management, Mapping and Navigation, Local Search & Information, Social Networking & Entertainment, Others)

6.2.4.    By Industry Vertical (Manufacturing, BFSI, Healthcare, Retail & Distribution, Government & Utilities, IT & Telecom, Aerospace & Defense, Others)

6.2.5.    By Region

6.3.  By Company

6.4.  Market Map

7.    North America Location-Based Services Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Component

7.2.2.    By Deployment Model

7.2.3.    By Business Function

7.2.4.    By End User

7.2.5.    By Industry Vertical

7.2.6.    By Country

7.3.  North America: Country Analysis

7.3.1.    United States Location-Based Services Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value 

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Component

7.3.1.2.2.           By Technology

7.3.1.2.3.           By Application

7.3.1.2.4.           By Industry Vertical

7.3.2.    Canada Location-Based Services Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value 

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Component

7.3.2.2.2.           By Technology

7.3.2.2.3.           By Application

7.3.2.2.4.           By Industry Vertical

7.3.3.    Mexico Location-Based Services Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value 

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Component

7.3.3.2.2.           By Technology

7.3.3.2.3.           By Application

7.3.3.2.4.           By Industry Vertical

8.    Asia-Pacific Location-Based Services Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Component

8.2.2.    By Technology

8.2.3.    By Application

8.2.4.    By Industry Vertical

8.2.5.    By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.    China Location-Based Services Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value 

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Component

8.3.1.2.2.           By Technology

8.3.1.2.3.           By Application

8.3.1.2.4.           By Industry Vertical

8.3.2.    India Location-Based Services Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value 

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Component

8.3.2.2.2.           By Technology

8.3.2.2.3.           By Application

8.3.2.2.4.           By Industry Vertical

8.3.3.    Japan Location-Based Services Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value 

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Component

8.3.3.2.2.           By Technology

8.3.3.2.3.           By Application

8.3.3.2.4.           By Industry Vertical

8.3.4.    South Korea Location-Based Services Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value 

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Component

8.3.4.2.2.           By Technology

8.3.4.2.3.           By Application

8.3.4.2.4.           By Industry Vertical

8.3.5.    Australia Location-Based Services Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value 

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Component

8.3.5.2.2.           By Technology

8.3.5.2.3.           By Application

8.3.5.2.4.           By Industry Vertical

8.3.6.    Singapore Location-Based Services Market Outlook

8.3.6.1.        Market Size & Forecast

8.3.6.1.1.           By Value 

8.3.6.2.        Market Share & Forecast

8.3.6.2.1.           By Component

8.3.6.2.2.           By Technology

8.3.6.2.3.           By Application

8.3.6.2.4.           By Industry Vertical

8.3.7.    Malaysia Location-Based Services Market Outlook

8.3.7.1.        Market Size & Forecast

8.3.7.1.1.           By Value 

8.3.7.2.        Market Share & Forecast

8.3.7.2.1.           By Component

8.3.7.2.2.           By Technology

8.3.7.2.3.           By Application

8.3.7.2.4.           By Industry Vertical

9.    Europe Location-Based Services Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Component

9.2.2.    By Technology

9.2.3.    By Application

9.2.4.    By Industry Vertical

9.2.5.    By Country

9.3.  Europe: Country Analysis

9.3.1.    Germany Location-Based Services Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value 

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Component

9.3.1.2.2.           By Technology

9.3.1.2.3.           By Application

9.3.1.2.4.           By Industry Vertical

9.3.2.    United Kingdom Location-Based Services Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value 

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Component

9.3.2.2.2.           By Technology

9.3.2.2.3.           By Application

9.3.2.2.4.           By Industry Vertical

9.3.3.    France Location-Based Services Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value 

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Component

9.3.3.2.2.           By Technology

9.3.3.2.3.           By Application

9.3.3.2.4.           By Industry Vertical

9.3.4.    Russia Location-Based Services Market Outlook

9.3.4.1.        Market Size & Forecast

9.3.4.1.1.           By Value 

9.3.4.2.        Market Share & Forecast

9.3.4.2.1.           By Component

9.3.4.2.2.           By Technology

9.3.4.2.3.           By Application

9.3.4.2.4.           By Industry Vertical

9.3.5.    Spain Location-Based Services Market Outlook

9.3.5.1.        Market Size & Forecast

9.3.5.1.1.           By Value 

9.3.5.2.        Market Share & Forecast

9.3.5.2.1.           By Component

9.3.5.2.2.           By Technology

9.3.5.2.3.           By Application

9.3.5.2.4.           By Industry Vertical

9.3.6.    Belgium Location-Based Services Market Outlook

9.3.6.1.        Market Size & Forecast

9.3.6.1.1.           By Value 

9.3.6.2.        Market Share & Forecast

9.3.6.2.1.           By Component

9.3.6.2.2.           By Technology

9.3.6.2.3.           By Application

9.3.6.2.4.           By Industry Vertical

9.3.7.    Italy Location-Based Services Market Outlook

9.3.7.1.        Market Size & Forecast

9.3.7.1.1.           By Value 

9.3.7.2.        Market Share & Forecast

9.3.7.2.1.           By Component

9.3.7.2.2.           By Technology

9.3.7.2.3.           By Application

9.3.7.2.4.           By Industry Vertical

10. South America Location-Based Services Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Component

10.2.2. By Technology

10.2.3. By Application

10.2.4. By Industry Vertical

10.2.5. By Country

10.3.             South America: Country Analysis

10.3.1. Brazil Location-Based Services Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value 

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Component

10.3.1.2.2.         By Technology

10.3.1.2.3.         By Application

10.3.1.2.4.         By Industry Vertical

10.3.2. Argentina Location-Based Services Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value 

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Component

10.3.2.2.2.         By Technology

10.3.2.2.3.         By Application

10.3.2.2.4.         By Industry Vertical

10.3.3. Colombia Location-Based Services Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value 

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Component

10.3.3.2.2.         By Technology

10.3.3.2.3.         By Application

10.3.3.2.4.         By Industry Vertical

10.3.4. Peru Location-Based Services Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value 

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Component

10.3.4.2.2.         By Technology

10.3.4.2.3.         By Application

10.3.4.2.4.         By Industry Vertical

10.3.5. Chile Location-Based Services Market Outlook

10.3.5.1.     Market Size & Forecast

10.3.5.1.1.         By Value 

10.3.5.2.     Market Share & Forecast

10.3.5.2.1.         By Component

10.3.5.2.2.         By Technology

10.3.5.2.3.         By Application

10.3.5.2.4.         By Industry Vertical

11. Middle East & Africa Location-Based Services Market Outlook

11.1.             Market Size & Forecast

11.1.1. By Value

11.2.             Market Share & Forecast

11.2.1. By Component

11.2.2. By Technology

11.2.3. By Application

11.2.4. By Industry Vertical

11.2.5. By Country

11.3.             Middle East & Africa: Country Analysis

11.3.1. Saudi Arabia Location-Based Services Market Outlook

11.3.1.1.     Market Size & Forecast

11.3.1.1.1.         By Value 

11.3.1.2.     Market Share & Forecast

11.3.1.2.1.         By Component

11.3.1.2.2.         By Technology

11.3.1.2.3.         By Application

11.3.1.2.4.         By Industry Vertical

11.3.2. South Africa Location-Based Services Market Outlook

11.3.2.1.     Market Size & Forecast

11.3.2.1.1.         By Value 

11.3.2.2.     Market Share & Forecast

11.3.2.2.1.         By Component

11.3.2.2.2.         By Technology

11.3.2.2.3.         By Application

11.3.2.2.4.         By Industry Vertical

11.3.3. UAE Location-Based Services Market Outlook

11.3.3.1.     Market Size & Forecast

11.3.3.1.1.         By Value 

11.3.3.2.     Market Share & Forecast

11.3.3.2.1.         By Component

11.3.3.2.2.         By Technology

11.3.3.2.3.         By Application

11.3.3.2.4.         By Industry Vertical

11.3.4. Israel Location-Based Services Market Outlook

11.3.4.1.     Market Size & Forecast

11.3.4.1.1.         By Value 

11.3.4.2.     Market Share & Forecast

11.3.4.2.1.         By Component

11.3.4.2.2.         By Technology

11.3.4.2.3.         By Application

11.3.4.2.4.         By Industry Vertical

11.3.5. Turkey Location-Based Services Market Outlook

11.3.5.1.     Market Size & Forecast

11.3.5.1.1.         By Value 

11.3.5.2.     Market Share & Forecast

11.3.5.2.1.         By Component

11.3.5.2.2.         By Technology

11.3.5.2.3.         By Application

11.3.5.2.4.         By Industry Vertical

12. Market Dynamics

12.1. Drivers

12.1.1. Growing Smartphone Consumer Base

12.1.2. Rapid Increase in Industrial Applications

12.1.3. Rapid Proliferation of Business Analytics Solutions

12.2. Challenges

12.2.1. High Cost

12.2.2. Operational Challenges

13. Market Trends & Developments

13.1.   Rising Demand For Customer Behavior Analysis

13.2.   Rise In Technological Development

13.3.   Government Initiatives

13.4.   Increase In Demand For Data-Driven Decision-Making

13.5.   Real-Time Data Analytics

14. Company Profiles

14.1.             Google LLC

14.1.1. Business Overview

14.1.2. Key Revenue and Financials (If Available)

14.1.3. Recent Developments

14.1.4. Key Personnel

14.1.5. Key Product/Services

14.2.             Cisco Systems, Inc.

14.2.1. Business Overview

14.2.2. Key Revenue and Financials (If Available)

14.2.3. Recent Developments

14.2.4. Key Personnel

14.2.5. Key Product/Services

14.3.             HERE Global B.V.

14.3.1. Business Overview

14.3.2. Key Revenue and Financials (If Available)

14.3.3. Recent Developments

14.3.4. Key Personnel

14.3.5. Key Product/Services

14.4.             ALE International SAS

14.4.1. Business Overview

14.4.2. Key Revenue and Financials (If Available)

14.4.3. Recent Developments

14.4.4. Key Personnel

14.4.5. Key Product/Services

14.5.             Apple Inc.

14.5.1. Business Overview

14.5.2. Key Revenue and Financials (If Available)

14.5.3. Recent Developments

14.5.4. Key Personnel

14.5.5. Key Product/Services

14.6.             Microsoft Corporation

14.6.1. Business Overview

14.6.2. Key Revenue and Financials (If Available)

14.6.3. Recent Developments

14.6.4. Key Personnel

14.6.5. Key Product/Services

14.7.             International Business Machines Corporation

14.7.1. Business Overview

14.7.2. Key Revenue and Financials (If Available)

14.7.3. Recent Developments

14.7.4. Key Personnel

14.7.5. Key Product/Services

14.8.             Oracle Corporation

14.8.1. Business Overview

14.8.2. Key Revenue and Financials (If Available)

14.8.3. Recent Developments

14.8.4. Key Personnel

14.8.5. Key Product/Services

14.9.             Qualcomm Technologies, Inc.

14.9.1. Business Overview

14.9.2. Key Revenue and Financials (If Available)

14.9.3. Recent Developments

14.9.4. Key Personnel

14.9.5. Key Product/Services

14.10.          AT&T Inc.

14.10.1.     Business Overview

14.10.2.     Key Revenue and Financials (If Available)

14.10.3.     Recent Developments

14.10.4.     Key Personnel

14.10.5.     Key Product/Services

15. Strategic Recommendations

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Google LLC, Cisco Systems, Inc., HERE Global B.V., ALE International SAS, Apple Inc., Microsoft Corporation, IBM Corporation, Oracle Corporation, Qualcomm Technologies, Inc. and AT&T Inc are the main market players in the global Location-based Services market.

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The major market segments in the Location-based Services market are Component, Technology, application, and industry vertical.

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Asia-Pacific is the fastest-growing region in the Location-based Services market due to increasing internet penetration and government initiative.

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The Location-based Services provides real-time execution of data. Businesses can connect with a targeted set of audiences and gain benefits of localization.

profile

Sakshi Bajaal

Business Consultant
Press Release

Increasing adoption of Digital Transformation Strategies to drive Location- Based Services Market growth by 2028

Dec, 2022

Growing use of smartphones and widespread accessibility to GPS technology is expected to drive the growth of the Global Location-based Services Market during the forecast period of 2024-2028.