Albany, NY -- (SBWIRE) -- 05/06/2016 -- LBS is used to track the location of users within a wireless network using location-enabled mobile devices. LBS uses geographic information system (GIS) technology and the Internet to track the location of users. User-initiated LBS requires an Internet connection to obtain a user's location and provide search results. Location-enabled mobile devices include smartphones, tablets, personal navigation assistants (PNDs), and location-enabled in-dash devices fitted in vehicles.

The LBS market in APAC to grow at a CAGR of 28.86% during the period 2016-2020. LBS is used for finding places and routes, tracking, obtaining traffic updates and real-time directions, information regarding ongoing local events, location-based advertising, location-based shopping, and location-enabled searches. It is also used for location-based entertainment and infotainment. It helps users save time and money by providing effective and efficient services.

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The market is divided into the following segments based on usage:
- Indoor LBS
- Outdoor LBS

Technavio's report, LBS Market in APAC 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- AutoNavi (Alibaba Group)
- Dianping
- Google
- HERE
- MapmyIndia
- NavInfo
- Near
- Telenav
- TomTom

Other prominent vendors
- Advanced Info Service
- Apple
- Bafang
- Baidu
- Bharti Airtel
- Bing
- Burpple
- Celcom Mobile
- DbyDx Software (Kellton Tech)
- Dialme24.................................

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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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