Global Location-Based Services (LBS) Market to Grow at a CAGR of 37.68% During 2015-2019
LBS use location-enabled devices to track the location of users within the range of a wireless network. This is done with the help of GIS and the Internet. Location-enabled mobile devices such as smartphones, tablets, PNDs; and location-enabled in-dash devices can search for places and routes; obtain traffic updates and real-time directions; provide information on current local events; find friends; assist in location-based advertising and shopping; enable location-based social networking and searches; and provide location-based entertainment and infotainment.
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