NEW YORK, July 15, 2022 /PRNewswire/ -- The latest market analysis report titled Location-Based Services Market by Type and Geography - Forecast and Analysis 2022-2026 has been added to Technavio's catalog. Location-based services (LBS) are part of a software application that uses location data for IP-capable mobile devices to trace where the mobile device is located. The analysts at Technavio have categorized the global location-based services (LBS) market as a part of the global communications equipment market. 49% of the market's growth will originate from North America with the US emerging as the is the key revenue-generating economy. The increasing use of indoor LBS solutions in the retail sector will fuel the LBS market growth in the forthcoming years. In terms of the highest revenue-contributing segment, the outdoor type segment held the largest LBS market share. The segment will continue to account for the highest growth throughout the forecast period. The increasing applications of outdoor LBS in industries such as manufacturing, oil and gas, defense, and insurance will drive the segment growth in the coming years.
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Location-Based Services (LBS) Market Vendor Landscape
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. The vendors are deploying growth strategies such as technological innovation to compete in the market.
Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Advertisers are using LBS to reach out to a specific target audience. They prefer LBS over traditional media as the former is more cost-effective in terms of advertising.
To make the most of the opportunities and recover from the post-pandemic impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The location-based services (LBS) market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Top Location-based Services Market Players Include:
AiRISTA Flow Inc.
AT and T Inc.
Cisco Systems Inc.
General Electric Co.
HERE Global BV
Hewlett Packard Enterprise Co.
International Business Machines Corp.
Telefonaktiebolaget LM Ericsson
Zebra Technologies Corp.
Ziff Davis Inc.
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Location-Based Services (LBS) Market Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The location-based services (lbs) market report covers the following areas:
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Location-Based Services (LBS) Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 26.84%
Market growth 2022-2026
$ 159.19 billion
YoY growth (%)
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 49%
Key consumer countries
US, China, Japan, Germany, and UK
Leading companies, competitive strategies, consumer engagement scope
AiRISTA Flow Inc., Alphabet Inc., Apple Inc., AT and T Inc., CenTrak Inc., Cisco Systems Inc., Emanate Wireless, Esri, Foursquare, General Electric Co., HERE Global BV, Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., Oracle Corp., Qualcomm Inc., Siemens AG, Telefonaktiebolaget LM Ericsson, Zebra Technologies Corp., and Ziff Davis Inc.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents:
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
4 Five Forces Analysis
4.1 Five forces summary
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
5 Market Segmentation by Type
5.1 Market segments
5.2 Comparison by Type
5.3 Outdoor - Market size and forecast 2021-2026
5.4 Indoor - Market size and forecast 2021-2026
5.5 Market opportunity by Type
6 Customer Landscape
6.1 Customer landscape overview
7 Geographic Landscape
7.1 Geographic segmentation
7.2 Geographic comparison
7.3 North America - Market size and forecast 2021-2026
7.4 Europe - Market size and forecast 2021-2026
7.5 APAC - Market size and forecast 2021-2026
7.6 South America - Market size and forecast 2021-2026
7.7 Middle East and Africa - Market size and forecast 2021-2026
7.8 US - Market size and forecast 2021-2026
7.9 China - Market size and forecast 2021-2026
7.10 Germany - Market size and forecast 2021-2026
7.11 UK - Market size and forecast 2021-2026
7.12 Japan - Market size and forecast 2021-2026
7.13 Market opportunity by geography
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
8.4 Market trends
9 Vendor Landscape
9.2 Vendor landscape
9.3 Landscape disruption
9.4 Industry risks
10 Vendor Analysis
10.1 Vendors covered
10.2 Market positioning of vendors
10.3 Alphabet Inc.
10.4 Apple Inc.
10.5 AT and T Inc.
10.8 HERE Global BV
10.9 International Business Machines Corp.
10.10 Microsoft Corp.
10.11 Telefonaktiebolaget LM Ericsson
10.12 Zebra Technologies Corp.
11.1 Scope of the report
11.2 Inclusions and exclusions checklist
11.3 Currency conversion rates for US$
11.4 Research methodology
11.5 List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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