The Global Location of Things Market is expected to grow at a CAGR of 37.76% in the forecast period of 2021 to 2028 and is likely to reach USD 4.17 billion by 2028. The rise in demand from various end-user industries is fueling the growth of the location of things market. Privacy concerns about user identity are expected to impede market growth.
Location of Things Market Scenario
According to Data Bridge Market Research the market for location of things is expected to gain growth because of the rapid evolution of internet of things around the world. Increased IoT (Internet of Things) penetration and use of location-based applications across various verticals such as BFSI, defence, government and public utilities, healthcare and life sciences, and logistics, among others, drive market growth. The growing commercializations of location-based services, as well as the increasing democratization of geospatial data for IoT applications, are both having an impact on the market. The increased use of portable devices and the importance of geospatial data also have an impact on the market. User identity privacy concerns are expected to suppress market growth. The rise in security concerns is expected to further challenge the market growth.
Now the question is which are the other regions that location of things market is targeting? Data Bridge Market Research has estimated Asia-Pacific owing to the spending on connected devices is increasing, as is demand for personalized services, and investments in various IoT technologies are increasing in the region.
For more analysis on the location of things market request for a briefing with our analysts, https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-location-of-things-market
Location of Things Market Scope
location of things market is segmented on the basis of countries into the U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa.
- All country based analysis of location of things market is further analyzed based on maximum granularity into further segmentation. On the basis of location type, the location of things market is segmented into indoor location and outdoor location. On the basis of application, the location of things market is segmented into mapping and navigation, location-based customer engagement and advertising platform, location-based, social media monitoring, IoT asset management and location intelligence. On the basis of vertical, the location of things market is segmented into BFSI, defense, government and public utilities, healthcare and life sciences, industrial manufacturing, media and entertainment, retail and e-commerce, transportation and logistics and others.
- Among the large volumes of data generated by numerous IoT devices, location is regarded as one of the most versatile and easily accessible forms of information. Smartphones track a person's location to provide useful information. It is also used in banking apps and restaurant apps that support geolocation to display nearby locations.
To know more about the study, https://www.databridgemarketresearch.com/reports/global-location-of-things-market
Key Pointers Covered in the Location of Things Market Industry Trends and Forecast to 2028
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market Installed Base
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Cost of Care Analysis
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
Key Market Competitors Covered in the Report
- Bosch.IO GmbH
- Alphabet Inc.
- IBM
- Microsoft
- Qualcomm Technologies, Inc.
- Apple Inc.
- Esri
- Wireless Logic.
- UBISENSE
- Pitney Bowes Inc.
- HERE
- TruePosition, Inc.
- Verizon.
- TIBCO Software Inc.
- Zebra Technologies Corp.
- CenTrak
- Navigine
- Geofeedia, Inc.
Above are the key players covered in the report, to know about more and exhaustive list of location of things companies’ contact us, https://www.databridgemarketresearch.com/toc/?dbmr=global-location-of-things-market
Research Methodology of Global location of things Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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