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Location Based Services Market Next Big Thing | Major Giants Apple, Microsoft, Google

Feb 7, 2021 5:03 PM ET

Latest released the research study on Global Location Based Services Market, offers a detailed overview of the factors influencing the global business scope. Location Based Services Market research report shows the latest market insights with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Location Based Services. The study covers emerging player’s data, including: competitive situation, sales, revenue and global market share of top manufacturers are Cisco Systems, Inc. (United States), Google Inc. (United States), Alcatel-Lucent SA (France), AT&T Inc. (United States), International Business Machines Corporation (United States), Qualcomm Inc. (United States), Microsoft Corporation (United States), Oracle Corporation (United States), Apple, Inc. (United States) and Bharti Airtel, LTD. (India).

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Definition:
Location-based services are the type of services offered through a mobile phone and take into account the device’s geographical location. They typically offer information or entertainment. They are largely dependent on the mobile user’s location, the primary objective of the service provider’s system is to determine where the user is. There are numerous applications of location-based services including local news, points of interest, directions, directory assistance, fleet management, emergency, asset tracking, location-sensitive building, and local advertisement, among others. The rise in the use of location-based mobile advertising is one of the major factor contributing to the growth of the market.

According to AMA, the Global Location Based Services market is expected to see growth rate of 26.1%.

Market Trend

  • The Increasing Popularity of Cloud-Based Big Data Analytics

Market Drivers

  • Increasing Competitiveness and Higher Adoption of Bi Solutions
  • Higher Adoption of LBS and RTLS for Various Industry Applications
  • The rise in the Use of Location-Based Mobile Advertising
  • Increasing Use of Social Media Marketing
  • The proliferation of Location-Based Apps among Consumers

Opportunities

  • Evolution of IoT
  • Increasing Demand for Wearable Devices
  • Support from Government for Encouraging the Use of RTLS and LBS Technologies
  • New Opportunities in the Industrial Manufacturing Sector

Restraints

  • High Costs of RTLS
  • Legal and Privacy Concerns

Challenges

  • Privacy and Security Concerns
  • Connectivity and Data Integration Issues
  • Lack of Skilled Professionals
  • Stringent Government Rules and Regulations
  • Lack of Awareness, Expertise, and Other Operational Challenges
  • Mobile App Data Privacy Concerns

The Global Location Based Services Market segments and Market Data Break Down are illuminated below:
by Application (Location-based Advertising, Business Intelligence & Analytics, Social Networking & Entertainment, Mapping & Navigation, Local Search & Information, Others {Disaster Management, and Emergency Support}), Technology (Assisted GPS {A-GPS}, GPS, Enhanced GPS {E-GPS}, Enhanced Observed Time Difference {E-OTD}, Observed Time Difference {OTD}, Cell ID, Wi-Fi, Others {Bluetooth, Enhanced cell ID, and Geofencing}), Location Type (Outdoor, Indoor), Component (Hardware, Software, Services), End User (Transportation, Media & Entertainment, Retail, Healthcare, Government & Defense, Others {Education, BFSI, and Oil & Gas})

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Analyst at AMA have conducted special survey and have connected with opinion leaders and Industry experts from various region to minutely understand impact on growth as well as local reforms to fight the situation. A special chapter in the study presents Impact Analysis of COVID-19 on Global Location Based Services Market along with tables and graphs related to various country and segments showcasing impact on growth trends.

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

What benefits does AMA research studies provides?

  • Latest industry influencing trends and development scenario
  • Open up New Markets
  • To Seize powerful market opportunities
  • Key decision in planning and to further expand market share
  • Identify Key Business Segments, Market proposition & Gap Analysis
  • Assisting in allocating marketing investments

Strategic Points Covered in Table of Content of Global Location Based Services Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Location Based Services market

Chapter 2: Exclusive Summary – the basic information of the Location Based Services Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Location Based Services

Chapter 4: Presenting the Location Based Services Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020

Chapter 6: Evaluating the leading manufacturers of the Location Based Services market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2026)

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, Location Based Services Market is a valuable source of guidance for individuals and companies in their decision framework.

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Key questions answered

  • Who are the Leading key players and what are their Key Business plans in the Global Location Based Services market?
  • What are the key concerns of the five forces analysis of the Global Location Based Services market?
  • What are different prospects and threats faced by the dealers in the Global Location Based Services market?
  • What are the strengths and weaknesses of the key vendors?

Definitively, this report will give you an unmistakable perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market.

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

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Contact Information:
Craig Francis (PR & Marketing Manager) AMA Research & Media LLP Unit No. 429, Parsonage Road Edison, NJ New Jersey USA – 08837 Phone: +1 (206) 317 1218 sales@advancemarketanalytics.com

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