#LBS and RTLS Market size

[likelyyouththing]

LBS and RTLS Market Size, Share, Latest Technology, Industry Trends

According to a research report "Location-based Services (LBS) and Real-Time Location Systems (RTLS) Market by Offering (Platform, Services, Hardware), Location Type, Technology, Application (Tracking & Navigation, Marketing & Advertising), Vertical and Region - Global Forecast to 2028" published by MarketsandMarkets,

the LBS and RTLS Market size is projected to grow from USD 24.7 billion in 2023 to USD 60.4 billion by 2028, at a CAGR of 19.6% during the forecast period. The emergence of 5G and low-cost connectivity technologies have also helped create ubiquitous connectivity. Enhancement in connectivity technologies, supplemented by growing interest in personalizing services based on users’ location information, has boosted the LBS and RTLS market.

Download Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=96994431

Based on service, the application support and maintenance segment holds the largest market size during the forecast period.

Application-specific support and maintenance services are offered after an organization installs the LB and RTL solutions. These services include assistance during installation and data and platform maintenance activities. The services can be provided onsite or remotely via web conferencing, telephones, and ticketing systems. End-users may require the help of LBS and RTLS vendors for further customization or improvement in the system, for which the vendors provide services for a predetermined duration.

Timely support and maintenance reduce overall performance issues of LBS or RTLS platforms. Vendors offering support and maintenance services focus on improving the performance of the platforms, reducing Capital Expenditure (CAPEX) and Operational Expenditure (OPEX), and ensuring end-to-end LBS and RTLS platform delivery and multi-vendor support. Thus, an increase in the adoption rate of platforms across the globe is expected to lead to an increased demand for support and maintenance services.

Based on application, the Location-based health monitoring segment is expected to grow with the highest CAGR during the forecast period.

Many applications based on Location-Based Services (LBS) are concentrated in the healthcare sector, specifically in areas like exercise and fitness, remote health monitoring, fall detection, and lone worker protection. A recent trend involves the integration of LBS with other wearable sensors, such as those measuring heart rate, blood pressure, and body temperature, to facilitate health monitoring and deliver personalized healthcare information and services. LBS also serves as assistive technology for visually impaired, differently-abled, and elderly individuals, enabling them to independently carry out daily activities and enhance their quality of life. These assistive systems offer features like personalized navigation, obstacle detection, space perception, and independent shopping. The growing awareness of preventive healthcare has significantly influenced the fitness landscape, particularly as sedentary jobs contribute to health issues. This shift is expected to drive the demand for advanced wellness and fitness solutions. Consequently, there is an increased interest in wearable devices and a surge in the demand for location-based health monitoring.

Asia Pacific is expected to grow with the highest CAGR during the forecast period.

The Asia Pacific LBS and RTLS market are poised for substantial growth in the coming five years. The region presents promising opportunities due to the presence of a vast population and the continuous development of technologies. High economic growth in key countries, including China, India, Australia, Japan, Singapore, and Hong Kong, plays a pivotal role in propelling the expansion of the LBS and RTLS market in this dynamic region. This growth is fueled by a combination of factors, including technological advancements, a burgeoning population, and robust economic activities, positioning the Asia Pacific market as a significant player in the global landscape. Dominos, Facebook, Willis RE, and the Australian Federal Government are some of the major players that use the enterprise location intelligence platform provided by Pitney Bowes. Pitney Bowes is a global shipping and mailing company providing technology, logistics, and financial services worldwide. In rapidly growing economies like China and India, the growing demand to improve supply chain operations and the government's efforts to standardize LBS and RTLS technologies drive the market's growth.

Get More Info : - https://www.prnewswire.com/news-releases/location-based-service-lbs-and-real-time-location-systems-rtls-market-worth-60-4-billion-by-2028---exclusive-report-by-marketsandmarkets-302051809.html  

Market Players

The LBS and RTLS market comprises major providers, such as Cisco (US), Google (US), IBM (US), Microsoft (US), Oracle (US), Ericsson (Sweden), Qualcomm (US), TomTom (Netherlands), Zebra Technologies (US), ESRI (US), Teldio (Canada), HERE (Netherlands), Ubisense (UK), Apple (US), etc. These competitors have used various growth methods to increase their market share in the LBS and RTLS industry, including partnerships, agreements, collaborations, new product releases, product enhancements, and acquisitions.

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com

[sports9885]

Location-based services (LBS) and real time location systems (RTLS) market will reach at an estimated value of USD 973.86 million by 2028 and grow at a CAGR of 28.71% in the forecast period of 2021 to 2028. Increase in the use of latest technologies like spatial data and Bi solutions acts as an essential factor driving the location-based services (LBS) and real time location systems (RTLS) market. 

[differenttimemachinecrusade]

Geomarketing Market Insights: Industry Share, Trends & Future Outlook 2032

The Geomarketing Market was valued at USD 17.81 billion in 2023 and is expected to reach USD 116.96 billion by 2032, growing at a CAGR of 23.32% from 2024-2032

The geomarketing market is experiencing significant expansion, driven by the increasing reliance on location-based analytics and data-driven marketing strategies. Businesses are leveraging geomarketing tools to enhance customer engagement, optimize advertising efforts, and improve sales conversions.

The geomarketing market continues to grow as companies integrate geospatial data with artificial intelligence (AI) and big data analytics. The rising adoption of mobile technology, GPS-enabled devices, and IoT solutions has fueled the demand for precise location-based insights, empowering businesses to make data-driven decisions and improve marketing ROI.

Get Sample Copy of This Report: https://www.snsinsider.com/sample-request/3462 

Market Keyplayers:

IBM Corporation (IBM Watson, IBM Cloud)

Microsoft Corporation (Azure Maps, Power BI)

Cisco Systems Inc. (Cisco Meraki, Cisco Digital Network Architecture)

Oracle Corporation (Oracle Cloud Infrastructure, Oracle Spatial and Graph)

Adobe Inc. (Adobe Analytics, Adobe Experience Cloud)

Salesforce.com Inc. (Salesforce Marketing Cloud, Salesforce Maps)

Qualcomm (Qualcomm Location Services, Qualcomm Atheros)

Xtremepush (Xtremepush Platform, Xtremepush Location-based Marketing)

Software AG (webMethods, Cumulocity IoT)

MobileBridge (MobileBridge Engage, MobileBridge Insights)

Saksoft (Saksoft IoT Solutions, Saksoft Data Analytics)

Google (Google Maps Platform, Google Ads)

Ericsson (Ericsson Location Services, Ericsson IoT Accelerator)

ESRI (ArcGIS Online, ArcGIS Business Analyst)

Cloud4Wi (Cloud4Wi Engagement, Cloud4Wi Insights)

HERE Technologies (HERE Location Services, HERE Indoor Positioning)

Plot Projects (PlotProjects Analytics, PlotProjects API)

HYP3R (HYP3R Location Marketing, HYP3R Audience Segmentation)

Reveal Mobile (Reveal Mobile Insights, Reveal Mobile Proximity)

Galigeo (Galigeo for Salesforce, Galigeo Location Intelligence)

Navigine (Navigine Indoor Navigation, Navigine Analytics)

CleverTap (CleverTap Engage, CleverTap Insights)

Airship (Airship Engagement, Airship Personalization)

Bluedot Innovation (Bluedot Location Intelligence, Bluedot Geofencing)

Foursquare (Foursquare Places, Foursquare Attribution)

Brillio (Brillio Location Analytics, Brillio Data Engineering)

Purple WiFi (Purple WiFi Analytics, Purple Guest WiFi)

GeoMoby (GeoMoby Location Analytics, GeoMoby Push Notifications)

Carto (CARTO Builder, CARTO for Location Intelligence)

Quuppa (Quuppa RTLS, Quuppa Positioning System)

Market Size, Share, and Scope

Increasing adoption of location-based services (LBS) across retail, real estate, healthcare, and logistics is expanding the market scope.

Small and medium enterprises (SMEs) are increasingly investing in geomarketing to compete with larger enterprises.

Integration with AI, ML, and predictive analytics is enhancing the effectiveness of geomarketing solutions.

Privacy concerns and data security regulations continue to shape market strategies and adoption trends.

Key Market Trends in Geomarketing

Growing Adoption of AI and Machine Learning – Businesses are utilizing AI-driven insights to optimize marketing strategies and enhance customer engagement.

Expansion of 5G Technology – Faster data transmission is enabling real-time location tracking and enhanced personalization.

Integration with Social Media – Marketers are using geomarketing tools to target consumers based on their location and social media behavior.

Rising Demand for Hyperlocal Marketing – Companies are focusing on precise, location-specific advertising to increase foot traffic and sales.

Advancements in GPS and IoT – Improved location accuracy is driving the development of more sophisticated geomarketing solutions.

Mobile-First Marketing Strategies – The growing number of smartphone users is boosting the adoption of mobile geomarketing campaigns.

Privacy and Data Protection Regulations – Compliance with GDPR and other privacy laws is influencing geomarketing software development.

Integration with Augmented Reality (AR) – Businesses are using AR to create immersive location-based customer experiences.

Real-Time Location Analytics – Companies are leveraging real-time data to enhance consumer engagement and decision-making.

Adoption Across Multiple Industries – Retail, hospitality, healthcare, and real estate sectors are rapidly implementing geomarketing solutions.

Enquiry of This Report: https://www.snsinsider.com/enquiry/3462 

Market Segmentation:

By Component

Software

Services

By Deployment Mode

Cloud

On-Premises

By Location

Indoorr

Outdoor

By End Use

BFSI

IT & Telecommunication

Retail & E-Commerce

Media & Entertainment

Travel & Hospitality

Others

Market Analysis and Growth Potential

Current Market Landscape

Major players in the geomarketing market include Google, Microsoft, IBM, Oracle, Cisco, and Salesforce, among others.

The retail sector dominates the market, with brands using geomarketing to enhance customer experience and sales strategies.

North America leads the market due to high adoption rates, while Asia-Pacific is witnessing rapid growth due to digital transformation initiatives.

Future Prospects and Industry Forecast (2024-2032)

Market Growth Projections

By 2032, the geomarketing market is expected to grow exponentially due to continuous technological advancements and increased investment in AI-driven analytics.

The retail sector will continue to dominate, while industries such as healthcare, transportation, and hospitality will witness accelerated adoption.

Emerging Opportunities

Expansion in Developing Markets – Increased smartphone penetration and digital transformation in emerging economies will drive market growth.

Advancements in Predictive Analytics – AI-powered predictive analytics will enhance the accuracy of location-based marketing.

Greater Focus on Customer Personalization – Hyper-personalized marketing strategies will improve customer engagement and brand loyalty.

Rise of Geofencing and Proximity Marketing – Businesses will increasingly adopt geofencing to send location-specific promotions to consumers.

Strategic Collaborations and Partnerships – Leading technology providers will collaborate to develop innovative solutions for enhanced market reach.

Access Complete Report: https://www.snsinsider.com/reports/geomarketing-market-3462 

Conclusion

The geomarketing market is on an upward trajectory, driven by technological innovations, increased mobile adoption, and data-driven marketing strategies. As companies seek to enhance customer experiences through location intelligence and AI-powered analytics, the demand for geomarketing solutions will continue to grow. By embracing emerging trends, overcoming privacy challenges, and leveraging predictive insights, businesses can unlock new opportunities in the ever-evolving geomarketing landscape.

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Advanced Metering Infrastructure (AMI) Market provides in-depth analysis of the market state of Advanced Metering Infrastructure (AMI) manufacturers, including best facts and figures, overview, definition, SWOT analysis, expert opinions, and the most current global developments. The research also calculates market size, price, revenue, cost structure, gross margin, sales, and market share, as well as forecasts and growth rates. The report assists in determining the revenue earned by the selling of this report and technology across different application areas.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Advanced Metering Infrastructure (AMI) in these regions till the forecast period

North America

Middle East and Africa

Asia-Pacific

South America

Europe

Key Attentions of Advanced Metering Infrastructure (AMI) Market Report:

The report offers a comprehensive and broad perspective on the global Advanced Metering Infrastructure (AMI) Market.

The market statistics represented in different Advanced Metering Infrastructure (AMI) segments offers complete industry picture.

Market growth drivers, challenges affecting the development of Advanced Metering Infrastructure (AMI) are analyzed in detail.

The report will help in the analysis of major competitive market scenario, market dynamics of Advanced Metering Infrastructure (AMI).

Major stakeholders, key companies Advanced Metering Infrastructure (AMI), investment feasibility and new market entrants study is offered.

Development scope of Advanced Metering Infrastructure (AMI) in each market segment is covered in this report. The macro and micro-economic factors affecting the Advanced Metering Infrastructure (AMI) Market

Advancement is elaborated in this report. The upstream and downstream components of Advanced Metering Infrastructure (AMI) and a comprehensive value chain are explained.

Browse More Details On This Report at @https://www.globalgrowthinsights.com/market-reports/advanced-metering-infrastructure-ami-market-100555

 Global Growth Insights

Web: https://www.globalgrowthinsights.com

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Best Walkers For Seniors Reviews

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[likelyyouththing]

LBS and RTLS Market Size, Share, Growth Report Based on Type, Manufacturers

The LBS and RTLS Market size is projected to grow from USD 24.7 billion in 2023 to USD 60.4 billion by 2028, at a CAGR of 19.6% during the forecast period.

Download Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=96994431

The emergence of 5G and low-cost connectivity technologies have also helped create ubiquitous connectivity. Enhancement in connectivity technologies, supplemented by growing interest in personalizing services based on users’ location information, has boosted the LBS and RTLS market.

Based on service, the  application support and maintenance segment holds the largest market size during the forecast period.

Application-specific support and maintenance services are offered after an organization installs the LB and RTL solutions. These services include assistance during installation and data and platform maintenance activities. The services can be provided onsite or remotely via web conferencing, telephones, and ticketing systems. End-users may require the help of LBS and RTLS vendors for further customization or improvement in the system, for which the vendors provide services for a predetermined duration.

Timely support and maintenance reduce overall performance issues of LBS or RTLS platforms. Vendors offering support and maintenance services focus on improving the performance of the platforms, reducing Capital Expenditure (CAPEX) and Operational Expenditure (OPEX), and ensuring end-to-end LBS and RTLS platform delivery and multi-vendor support. Thus, an increase in the adoption rate of platforms across the globe is expected to lead to an increased demand for support and maintenance services.

Based on application, the Location-based health monitoring segment is expected to grow with the highest CAGR during the forecast period.

Many applications based on Location-Based Services (LBS) are concentrated in the healthcare sector, specifically in areas like exercise and fitness, remote health monitoring, fall detection, and lone worker protection. A recent trend involves the integration of LBS with other wearable sensors, such as those measuring heart rate, blood pressure, and body temperature, to facilitate health monitoring and deliver personalized healthcare information and services. LBS also serves as assistive technology for visually impaired, differently-abled, and elderly individuals, enabling them to independently carry out daily activities and enhance their quality of life. These assistive systems offer features like personalized navigation, obstacle detection, space perception, and independent shopping. The growing awareness of preventive healthcare has significantly influenced the fitness landscape, particularly as sedentary jobs contribute to health issues. This shift is expected to drive the demand for advanced wellness and fitness solutions. Consequently, there is an increased interest in wearable devices and a surge in the demand for location-based health monitoring.

Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=96994431

Asia Pacific is expected to grow with the highest CAGR during the forecast period.

The Asia Pacific LBS and RTLS market are poised for substantial growth in the coming five years. The region presents promising opportunities due to the presence of a vast population and the continuous development of technologies. High economic growth in key countries, including China, India, Australia, Japan, Singapore, and Hong Kong, plays a pivotal role in propelling the expansion of the LBS and RTLS market in this dynamic region. This growth is fueled by a combination of factors, including technological advancements, a burgeoning population, and robust economic activities, positioning the Asia Pacific market as a significant player in the global landscape. Dominos, Facebook, Willis RE, and the Australian Federal Government are some of the major players that use the enterprise location intelligence platform provided by Pitney Bowes. Pitney Bowes is a global shipping and mailing company providing technology, logistics, and financial services worldwide. In rapidly growing economies like China and India, the growing demand to improve supply chain operations and the government's efforts to standardize LBS and RTLS technologies drive the market's growth.

Get More Info - https://www.marketsandmarkets.com/Market-Reports/location-based-service-market-96994431.html

Market Players

The LBS and RTLS market comprises major providers, such as Cisco (US), Google (US), IBM (US), Microsoft (US), Oracle (US), Ericsson (Sweden), Qualcomm (US), TomTom (Netherlands), Zebra Technologies (US), ESRI (US), Teldio (Canada), HERE (Netherlands), Ubisense (UK), Apple (US), etc. These competitors have used various growth methods to increase their market share in the LBS and RTLS industry, including partnerships, agreements, collaborations, new product releases, product enhancements, and acquisitions.

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com

[thomasmarleyblog]

Global LBS Market (2021-2027) | Latest COVID-19 Impact Analysis with eminant Players Alibaba Group, Apple, Foursquare, etc.

Data Lab Forecast announced that it’s published an exclusive report namely Global LBS Market by Manufacturers, Regions, Type, and Application, Forecast to 2027 in its research database with report summary, table of content, research methodologies, and data sources. The research study offers a substantial knowledge platform for entrants and investors as well as veteran companies, manufacturers functioning in the Worldwide LBS Market. This is an informative study covering the market with an in-depth analysis and portraying the current state of affairs in the industry. Interesting? Apply for a free sample: https://www.datalabforecast.com/request-sample/53682-lbs-market (The sample of this report is readily available on request). This Free report sample includes: • A brief introduction to the research report. • Graphical introduction of the regional analysis. • Top players in the market with their revenue analysis. • Selected illustrations of market insights and trends. • Example pages from the report.

North America is expected to hold dominant position in the global LBS market, owing to increasing collaboration activities by key players over the forecast period.

The report presents an overview of LBS Market consist of objectives study and definition of LBS. The next section focuses on market size, region-wise LBS growth rate estimation from 2021-2027. This research report categorizes the global market by players/brands, regions, types, and applications. This report also studies the global market status, competition landscape, Market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors, and Porter’s Five Forces Analysis. Key Manufacturers Analysis:  Alibaba Group, Apple, Foursquare, Google, HERE, Aisle411, Baidu, Dianping, Etisalat, Facebook, Intel, MazeMap, Micello, MTN Group Market Segmentation: Global LBS Market – The market is based on type, application, and geographical segments. – Based on type, the market is segmented into  RTLS, GPS/AGPS, RFID, UWB, Wi-Fi. – Based on application, the market is segmented into  Application A, Application B, Application C . The top manufacturers, exporters, and retailers (if applicable) around the world are analyzed for this research report with respect to their company profile, product portfolio, capacity, price, cost, and revenue.

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LBS Market

LBS Market 2021 Forecast to 2027 Market Segment by Regions, regional analysis covers • North America (the USA, Canada, and Mexico) • Europe (Germany, France, UK, Russia, and Italy) • Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) • South America (Brazil, Argentina, Columbia, etc.) • The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa) Following market aspects are enfolded in Global LBS Market Report: • A wide summarization of the Global LBS Market. • The present and forecasted regional market size data based on applications, types, and regions. • Market trends, drivers, and challenges for the Global LBS Market. • Analysis of company profiles of Top major players functioning in the market. LBS Market report passes on a fundamental overview of the Market including its definition, applications, and advancement. Furthermore, the Industry report investigates the ecumenical Major LBS Market players in detail. LBS Market report gives key bits of the Cautiousness and subsisting status of the Players and is a basic Source obviously and heading for Companies and people energized by the Industry. Buy This Research Study Report for Quick Access @ https://www.datalabforecast.com/buy-now/?id=53682-lbs-market&license_type=su Key questions answered in Report: - ‣ LBS Business Analysis Including Size, Share, Key Drivers, Growth Opportunities and Trends 2021- 2027 ‣ Consumption Analysis of LBS, Guidelines Overview and Upcoming Trends Forecast till 2027 ‣ LBS Market Top Companies Sales, Price, Revenue and Market Share Outlook‣ LBS Revenue, Key Players, Supply-Demand, Investment Feasibility and Forecast 2027 ‣ Analytical Overview, Growth Factors, Demand and Trends ‣ LBS by Technology, Opportunity Analysis and Industry Forecasts, 2021- 2027 ‣ Analysis Covering Market Size, Growth Factors, Demand, Trends and Forecast ‣ LBS Overview, Raw Materials Analysis, Market Drivers and Opportunities ‣ In-depth Research on Market Size, Trends, Emerging Growth Factors and Forecasts. Conclusively, this report will provide you a clear view of each fact of the market without a need to refer to any other research report or a data source. Our report will provide you with all the facts about the past, present, and future of the concerned Market. About Us Transforming Information into Insights We pride ourselves in being a niche market intelligence and strategic consulting and reporting firm driven towards resulting in a powerful impact on businesses across the globe. Our accuracy estimation and forecasting models have earned recognition across majority of the business forum. We source online reports from some of the best publishers and keep updating our collection to offer you direct online access to the world’s most comprehensive and recent database with skilled perceptions on global industries, products, establishments and trends. We at ‘Data Lab Forecast’, wish to assist our clients to strategize and formulate business policies, and achieve formidable growth in their respective market domain. Data Lab Forecast is a one-stop solution provider right from data collection, outsourcing of data, to investment advice, business modelling, and strategic planning. The company reinforces client’s insight on factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys, among others. Contact: Henry K Data Lab Forecast Felton Office Plaza 6375 Highway 8 Felton, California 95018, United States Phone: +1 917-725-5253 Email: sales@datalabforecast.com Website: https://www.datalabforecast.com/ Follow Us on: LinkedIN | Twitter | Data Lab Forecast, LBS market analysis, LBS Market Demand, LBS Market Forecast, LBS market growth, LBS Market Size, Alibaba Group, Apple, Foursquare, Google, HERE, Market Strategies, DLF

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Global Location-Based Services (LBS) and Real Time Location Systems (RTLS) Market Research Report 2015-2025

Summary – A new market study, titled "Global Location-Based Services (LBS) and Real Time Location Systems (RTLS) Market Size, Status and Forecast 2020-2026" has been featured on WiseGuyReports.

Location-Based Services (LBS) and Real Time Location Systems (RTLS) market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Location-Based Services (LBS) and Real Time Location Systems (RTLS) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.

Also read – http://www.marketwatch.com/story/global-location-based-services-lbs-and-real-time-location-systems-rtls-market-2020-emerging-trends-size-share-demand-opportunities-covid-19-impact-analysis-and-forecast-2026-2020-08-24

The key players covered in this study

Google

International Business Machines

Microsoft

Oracle

Esri

Zebra Technologies

Qualcomm Technologies

Ericsson

Teldio

Market segment by Type, the product can be split into

Indoor

Outdoor

Market segment by Application, split into

Financial Services And Insurance

Defense

The Government

Medical

Industrial Production

Media

Retail

Transport

Other

Market segment by Regions/Countries, this report covers

North America

Europe

China

Japan

Southeast Asia

India

Central & South America

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Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.              

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LBS and RTLS Market Size, Investments, Share, Merger, Acquisition

According to a research report "Location-based Services (LBS) and Real-Time Location Systems (RTLS) Market by Offering (Platform, Services, Hardware), Location Type, Technology, Application (Tracking & Navigation, Marketing & Advertising), Vertical and Region - Global Forecast to 2028" published by MarketsandMarkets

Download Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=96994431

The LBS and RTLS market size is projected to grow from USD 24.7 billion in 2023 to USD 60.4 billion by 2028, at a CAGR of 19.6% during the forecast period. The emergence of 5G and low-cost connectivity technologies have also helped create ubiquitous connectivity. Enhancement in connectivity technologies, supplemented by growing interest in personalizing services based on users’ location information, has boosted the LBS and RTLS market.

Browse 250 market data Tables and 70 Figures spread through 300 Pages and in-depth TOC on "Location-based Services (LBS) and Real-Time Location Systems (RTLS) Market by Offering (Platform, Services, Hardware), Location Type, Technology, Application (Tracking & Navigation, Marketing & Advertising), Vertical and Region - Global Forecast to 2028"

Based on service, the  application support and maintenance segment holds the largest market size during the forecast period.

Application-specific support and maintenance services are offered after an organization installs the LB and RTL solutions. These services include assistance during installation and data and platform maintenance activities. The services can be provided onsite or remotely via web conferencing, telephones, and ticketing systems. End-users may require the help of LBS and RTLS vendors for further customization or improvement in the system, for which the vendors provide services for a predetermined duration.

Timely support and maintenance reduce overall performance issues of LBS or RTLS platforms. Vendors offering support and maintenance services focus on improving the performance of the platforms, reducing Capital Expenditure (CAPEX) and Operational Expenditure (OPEX), and ensuring end-to-end LBS and RTLS platform delivery and multi-vendor support. Thus, an increase in the adoption rate of platforms across the globe is expected to lead to an increased demand for support and maintenance services.

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Based on application, the Location-based health monitoring segment is expected to grow with the highest CAGR during the forecast period.

Many applications based on Location-Based Services (LBS) are concentrated in the healthcare sector, specifically in areas like exercise and fitness, remote health monitoring, fall detection, and lone worker protection. A recent trend involves the integration of LBS with other wearable sensors, such as those measuring heart rate, blood pressure, and body temperature, to facilitate health monitoring and deliver personalized healthcare information and services. LBS also serves as assistive technology for visually impaired, differently-abled, and elderly individuals, enabling them to independently carry out daily activities and enhance their quality of life. These assistive systems offer features like personalized navigation, obstacle detection, space perception, and independent shopping. The growing awareness of preventive healthcare has significantly influenced the fitness landscape, particularly as sedentary jobs contribute to health issues. This shift is expected to drive the demand for advanced wellness and fitness solutions. Consequently, there is an increased interest in wearable devices and a surge in the demand for location-based health monitoring.

Asia Pacific is expected to grow with the highest CAGR during the forecast period.

The Asia Pacific LBS and RTLS market are poised for substantial growth in the coming five years. The region presents promising opportunities due to the presence of a vast population and the continuous development of technologies. High economic growth in key countries, including China, India, Australia, Japan, Singapore, and Hong Kong, plays a pivotal role in propelling the expansion of the LBS and RTLS market in this dynamic region. This growth is fueled by a combination of factors, including technological advancements, a burgeoning population, and robust economic activities, positioning the Asia Pacific market as a significant player in the global landscape. Dominos, Facebook, Willis RE, and the Australian Federal Government are some of the major players that use the enterprise location intelligence platform provided by Pitney Bowes. Pitney Bowes is a global shipping and mailing company providing technology, logistics, and financial services worldwide. In rapidly growing economies like China and India, the growing demand to improve supply chain operations and the government's efforts to standardize LBS and RTLS technologies drive the market's growth.

Market Players

The LBS and RTLS market comprises major providers, such as Cisco (US), Google (US), IBM (US), Microsoft (US), Oracle (US), Ericsson (Sweden), Qualcomm (US), TomTom (Netherlands), Zebra Technologies (US), ESRI (US), Teldio (Canada), HERE (Netherlands), Ubisense (UK), Apple (US), etc. These competitors have used various growth methods to increase their market share in the LBS and RTLS industry, including partnerships, agreements, collaborations, new product releases, product enhancements, and acquisitions.

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com