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Location-Based Services (LBS) Market in China to Grow at a CAGR of 52.18% over the Period 2014-2019; Finds New Report

Market Research Reports, Inc. has announced the addition of “Location-based Services (LBS) Market in China 2015-2019” research report to their website http://www.MarketResearchReports.com

 

Lewes, DE -- (SBWIRE) -- 07/07/2015 -- Report forecast the LBS market in China to grow at a CAGR of 52.18% over the period 2014-2019.

LBS is used to track the location of users within a wireless network using location-enabled devices. LBS makes use of GIS technology and the Internet to track the location of users. The various location-enabled mobile devices are smartphones, tablets, PNDs, and location-enabled in-dash devices. LBS is used for discovering places and routes, tracking, obtaining traffic updates and real-time directions, routes to landmarks, information regarding ongoing local events, finding friends, location-based advertising, location-based shopping, location-based social networking, and location-enabled searches. It is also used for location-based entertainment and infotainment.

The report covers the present scenario and the growth prospects of the LBS market in China for the period 2015-2019. The report provides the segmentation of the market based on end-users and applications.

LBS Market in China 2015-2019, 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 in the coming years. The report includes a discussion of the key vendors operating in this market.

According to the report, China is the largest market for smartphones in APAC. Many market players are driving the growth of smartphone use in the country. The user base is predicted to grow even more in the coming years. This growth should provide ample opportunity for LBS in the near future.

Key players in the Location-based Services (LBS) Market in China: Alibaba Group, Baidu, Dianping.com, Jiepang.com, NavInfo and Sky-Mobi

Other Prominent Vendors in the market are: Bafang, Kaikai.com, NetEase, Piaoao, Qieke.com, Sifang, Sina, TeleNav and Tencent Holdings

Key Drivers
- Growing Use of Smartphones
- For a full, detailed list, view our report

Key Challenges
- Lack of Knowledge about LBS
- For a full, detailed list, view our report

Key Trends
- Introduction of Location-based Games
- For a full, detailed list, view our report

Key Questions Answered in this Report
- What will the market size be in 2019 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?

Spanning over 76 pages, "Location-based Services (LBS) Market in China 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market Segmentation by Application, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit- http://www.marketresearchreports.com/technavio/location-based-services-lbs-market-china-2015-2019

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