New York, NY -- (SBWIRE) -- 04/20/2020 -- Location-based services are used to locate people, objects, and vehicle movements as well as for navigation, logistics, and inventory management. In addition, LBS works by accessing real-time geo-data points from a smartphone device to gain information, entertainment, or security data for further processing.

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Upsurge in adoption of wireless devices such as tablets, smartphones, and handheld devices boosts the social networking platforms and provides new avenues for location-based marketing & advertising opportunities. Moreover, rise in demand for active check-in apps and increase in use of business intelligence tools for fraud management & secure authentication further fuels the location-based services market growth. However, increased prices of real-time based LBS components and concerns associated with personal data security issues are some of the factors that hinder the growth of the location-based services market.

The adoption of LBS has increased across various verticals such as government & public utilities, media & entertainment, transportation, retail & e-commerce, healthcare, and others (education, BFSI, and healthcare). Proactive government initiatives to standardize defense technologies coupled with rapid urbanization & infrastructural developments in the emerging economies are expected to foster the market growth in the government & defense sector. Moreover, increase in demand for location-based services among e-commerce companies, food delivery & shopping apps, tourism websites, social networking apps, and others are expected to propel the growth of the location-based services market at a significant rate.

The location-based services market is segmented on the basis of component, technology, application, industry vertical, and region. By component, it is categorized into hardware, software, and services. By technology, it is divided into GPS, Assisted GPS (A-GPS), Enhanced GPS (E-GPS), enhanced observed time difference, observed time difference, cell ID, Wi-Fi, and others. By application, it is classified into location-based advertising, business intelligence & analytics, fleet management, mapping and navigation, local search & information, social networking & entertainment, proximity marketing, asset tracking, and others. By industry vertical, it is segmented into transportation & logistics, manufacturing, government & public utilities, retail, healthcare & life sciences, media & entertainment, IT & telecom, BFSI, hospitality, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA

North America is expected to dominate the global location-based services market during the forecast period, owing to the presence of large number of established LBS solution providers in the U.S. Canada, and Mexico. The Asia-Pacific market is expected to grow at a significant rate in the near future on account of the upsurge in working population, spiraling technology hubs, and blooming tourism industry.

The key players operating in the location-based services market analysis include Alcatel-Lucent SA, Apple, Inc., AT&T Inc., Bharti Airtel, LTD., Cisco Systems, Inc., Google Inc., HERE, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, and Qualcomm Inc. These players have played a significant role to boost the growth of the global location-based services market by adopting various development strategies such as business expansion, new product launches, and others.

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Table of Content:

Chapter 1:Introduction
1.1.Report Description
1.2.Key Benefits For Stakeholders
1.3.Key Market Segments
1.4.Research Methodology
1.4.1.Secondary Research
1.4.2.Primary Research
1.4.3.Analyst Tools & Models
Chapter 2:Executive Summary
2.1.Key Findings
2.1.1.Top Impacting Factors
2.1.2.Top Investment Pockets
2.1.3.Top Winning Strategies
2.2.Cxo Perspective

Chapter 3:Market Overview
3.1.Market Definition And Scope
3.2.Key Forces Shaping Global Location-Based Services Market
3.2.1.Moderate-To-High Bargaining Power of Suppliers
3.2.2.Low-To-High Bargaining Power of Buyer
3.2.3.Low-To-High Threat of Substitutes
3.2.4.Moderate-To-High Threat of New Entrants
3.2.5.Low-To-High Competitive Rivalry
3.3.Value Chain
3.4.Case Studies
3.4.1.Reladyne, Inc. Adopts Skybitz Smartank Solution To Drive Business Efficiencies And Service Quality
3.4.2.Bmw Adopted Groundthruth Location Services Into Its Bmw 7 Series Model
3.5.Market Dynamics
3.5.1.Drivers
3.5.1.1.Diversified Scope of Applications
3.5.1.2.Increase In Demand For Location-Based Services
3.5.1.3.Rise In Demand For Smartphones
3.5.1.4.Rapid Proliferation of Business Analytics Solutions
3.5.2.Restraints
3.5.2.1.High Cost of Real-Time Based Lbs
3.5.2.2.Operational Challenges
3.5.3.Opportunities....

More....

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