The location analytics global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Location Analytics Market, 2024 report by The Business Research Company offers
comprehensive insights into the current state of the market and highlights
future growth opportunities.
Market Size -
The location analytics market size has grown rapidly in recent years. It will
grow from $20.88 billion in 2023 to $23.83 billion in 2024 at a compound annual
growth rate (CAGR) of 14.1%. The growth in the historic period can be
attributed to integration of gps technology in smartphones, rise of
location-based services (lbs), implementation of geographic information system
(gis), increasing use of location analytics in retail for targeted marketing,
adoption of location-based analytics in supply chain management.
The location analytics market size is expected to see rapid growth in the next
few years. It will grow to $41.76 billion in 2028 at a compound annual growth
rate (CAGR) of 15.1%. The growth in the
forecast period can be attributed to expansion of location analytics in
internet of things (iot), growing demand for real-time location intelligence,
integration of location analytics with artificial intelligence (ai), adoption
of location analytics in smart cities infrastructure, increasing use of
location-based analytics in healthcare. Major trends in the forecast period
include development of indoor location analytics solutions, emphasis on privacy
and ethical use of location data, integration of augmented reality (ar) with
location analytics, use of location analytics for predictive analytics,
implementation of location analytics in risk management and security.
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Scope Of Location Analytics Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Market Drivers -
Increasing use of spatial data and analytical tools is expected to propel the
growth of the location analytics market going forward. By incorporating layers
of geographic data such as traffic, weather, geography, and others, spatial
data and analytical tools improve understanding, insights, decision making, and
prediction. Location data has the power to forecast demand, identify supply
chain disruptions, facilitate infrastructure planning, and more. For instance,
according to Impact Networking, a US-based integrated business technology
company, the average return on investment for enterprises using business
intelligence and analytics is 1300%. Therefore, the increasing use of spatial
data and analytical tools drives the location analytics market growth.
Market Trends -
Product innovations have emerged as the key trend gaining popularity in the 5G
chipset market. The major players in the market are developing innovative
products for market growth. For instance, in June 2021, Samsung Electronics, a
South Korea-based electronics company, developed 3GPP Rel.16 compliant
chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G
technologies. The new chipsets consist of a second-generation 5G modem
System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated
Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These
are designed to increase power efficiency, boost performance, and reduce the
size of 5G solutions.
The location analytics market covered in this report is segmented –
1) By Location Type: Outdoor Location, Indoor Location
2) By Component: Solutions, Services
3) By Deployment Mode: On Premise, Cloud
4) By Application: Risk Management, Customer Experience Management, Remote
Monitoring, Supply Chain Planning and Optimization, Emergency Response
Management, Location Selection And Optimization, Other Applications
5) By Industry Vertical: Transportation And Logistics, Retail, BFSI, IT And
Telecommunication, Healthcare, Energy and Utilities, Manufacturing, Other
Industry Verticals
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Regional Insights -
North America was the largest region in the location analytics market in 2023.
The regions covered in the location analytics market report are Asia-Pacific,
Western Europe, Eastern Europe, North America, South America, Middle East,
Africa
Key Companies -
Major companies operating in the location analytics market report are Alteryx
Inc., Cisco Systems Inc., CleverMaps Inc., Environmental Systems Research
Institute Inc. (ESRI), GaliGeo, Google LLC, Here Technologies, Hexagon AB,
Indoor Atlas Ltd, Lepton Software Limited, Microsoft Corporation, Pitney Bowes
Inc., PlaceIQ Inc., Precisely Inc., Purple Communications Inc., SAP SE, SAS
Institute Inc., Sparkgeo Consulting Inc., TIBCO Software Inc., TomTom
International BV, Zebra Technologies Corporation, CARTODB Inc., GapMaps,
Hardcastle GIS Solutions Inc., Locale. ai Inc., Mapidea Lda, NEWGROVE Limited,
Orbica Limited, Placense, Esri Technologies Limited, International Business
Machines Corporation (IBM), CleverAnalytics AS, Foursquare Labs Inc., Geoblink
S. L., Mapbox Inc., Near Pte Ltd., Geospark Analytics, Geosys Enterprise
Solutions Pvt. Ltd., Geotab Inc.
Table of Contents
1. Executive Summary
2. Location Analytics Market Report Structure
3. Location Analytics Market Trends And Strategies
4. Location Analytics Market – Macro Economic Scenario
5. Location Analytics Market Size And Growth
…..
27. Location Analytics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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