Location Based Service & Real Time Location System Trends and Forecast
The future of the global location based service & real time location system market looks promising with opportunities in the transportation & logistics, retail, government, manufacturing, tourism & hospitality, healthcare, and media & entertainment markets. The global location based service & real time location system market is expected to reach an estimated $71.4 billion by 2030 with a CAGR of 17.5% from 2024 to 2030. The major drivers for this market are rising desire for services and applications based on location data, increasing embrace of IOT and various other technologies ,and escalating need for tailored and precisely targeted marketing.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Location Based Service & Real Time Location System by Segment
The study includes a forecast for the global location based service & real time location system by component, location type, application, end use, and region
Location Based Service & Real Time Location System Market by Component [Shipment Analysis by Value from 2018 to 2030]:
• Platforms
• Services
• Deployment and Integration
• Application Support and Maintenance
• Consulting and Training
• Hardware
Location Based Service & Real Time Location System Market by Location Type [Shipment Analysis by Value from 2018 to 2030]:
• Outdoor
• Indoor
Location Based Service & Real Time Location System Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Tracking and Navigation
• Marketing and Advertising
• Location-Based Social Networks
• Location-Based Health Monitoring
• Other Applications
Location Based Service & Real Time Location System Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
• Tourism & Hospitality
• Healthcare
• Media & Entertainment
• Other Verticals
List of Location Based Service & Real Time Location System Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies location based service & real time location system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the location based service & real time location system companies profiled in this report include-
• Airista Flow
• Apple
• Aruba Networks
• Centrak
• Cisco
• Ericsson
• Esri
• GE Healthcare
• Google
• HERE
• IBM
Location Based Service & Real Time Location System Market Insights
Location Based Service & Real Time Location System Market Insights
Lucintel forecasts that tracking and navigation is expected to witness highest growth over the forecast period due to increasing demand for tracking the location of people, vehicles, and assets.
Within this market, transportation & logistics will remain the largest segment due to increaing application of this systems for fleet management, asset tracking, and navigation purposes.
North America is expected to witness highest growth over the forecast period due to growing demand for location-based services and rapid adoption of RTLS technology in the region.
Features of the Global Location Based Service & Real Time Location System Market
Market Size Estimates: Location based service & real time location system market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Location based service & real time location system market by various segments, such as by component, location type, application, end use, and region in terms of($B).
Regional Analysis: Location based service & real time location system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different components, location types, applications, end uses, and regions for the location based service & real time location system market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the location based service & real time location system market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the location based service & real time location system market size?
Answer: The global location based service & real time location system market is expected to reach an estimated $71.4 billion by 2030.
Q.2 What is the growth forecast for location based service & real time location system market?
Answer: The global location based service & real time location system market is expected to grow with a CAGR of 17.5% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the location based service & real time location system market?
Answer: The major drivers for this market are rising desire for services and applications based on location data, increasing embrace of IOT and various other technologies, and escalating need for tailored and precisely targeted marketing .
Q4. What are the major segments for location based service & real time location system market?
Answer: The future of the location based service & real time location system market looks promising with opportunities in the transportation & logistics, retail, government, manufacturing, tourism & hospitality, healthcare, and media & entertainment markets.
Q5. Who are the key location based service & real time location system market companies?
Answer: Some of the key location based service & real time location system companies are as follows:
• Airista Flow
• Apple
• Aruba Networks
• Centrak
• Cisco
• Ericsson
• Esri
• GE Healthcare
• Google
• HERE
• IBM
Answer: Lucintel forecasts that tracking and navigation is expected to witness highest growth over the forecast period due to increasing demand for tracking the location of people, vehicles, and assets.
Q7. In location based service & real time location system market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to growing demand for location-based services and rapid adoption of RTLS technology in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the location based service & real time location system market by component (platforms, services, deployment and integration,application support and maintenance, consulting and training, and hardware), location type (outdoor and indoor), application (tracking and navigation, marketing and advertising, location-based social networks, location-based health monitoring, and other applications), end use (transportation & logistics, retail, government, manufacturing, tourism & hospitality, healthcare, media & entertainment, and other verticals), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Location Based Service & Real Time Location System Market, Location Based Service & Real Time Location System Market Size, Location Based Service & Real Time Location System Market Growth, Location Based Service & Real Time Location System Market Analysis, Location Based Service & Real Time Location System Market Report, Location Based Service & Real Time Location System Market Share, Location Based Service & Real Time Location System Market Trends, Location Based Service & Real Time Location System Market Forecast, Location Based Service & Real Time Location System Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.