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Location-Based Services (LBS) Market Size to Grow by USD 159.19 billion at a CAGR of 26.84% - Technavio

·13 min read

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.

Technavio has announced its latest market research report titled
Location-Based Services Market by Type and Geography - Forecast and Analysis 2022-2026
Technavio has announced its latest market research report titled Location-Based Services Market by Type and Geography - Forecast and Analysis 2022-2026

For more segment-based market share and regional opportunities, View PDF Sample

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.

  • 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.

  • Ziff Davis Inc.

Want to know more about the product offerings and strategic initiatives of contributing vendors, Request for Sample

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:

Location-Based Services (LBS) Market FAQs

  • Which is the latest market trend taking the market by the storm?

  • What are some of the most influential market drivers, restraints, and opportunities (DROs)?

  • What are the historical and projected revenue values and CAGR percentage?

  • Which strategic initiatives will influence competitive scenarios and define the market growth potential?

  • Which regions & segments will garner massive revenue and emerge as market leaders in upcoming years?

  • Who are the top market share contributors and their latest organizational restructuring plans?

Any more questions? Get all your queries resolved as you Download your Sample PDF Copy

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Location-Based Services (LBS) Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 26.84%

Market growth 2022-2026

$ 159.19 billion

Market structure

Fragmented

YoY growth (%)

24.57

Regional analysis

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

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

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.

Market Dynamics

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,

Customization purview

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

  • 9.1 Overview

  • 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.

  • 10.6 Esri

  • 10.7 Foursquare

  • 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 Appendix

  • 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

About Us

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.

Contact

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Email: media@technavio.com
Website: www.technavio.com/

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