Location Based Services: 3 Growth Factors Market Participants Should Consider

Location Based Services Market Latest Edition Published with Forecast to 2028


The article cited AMA's "Global Location Based Services Market Study" explored substantial growth in North America and CAGR of 26.1%. According to the report, The Increasing Popularity of Cloud-Based Big Data Analytics is one of the primary growth factors for the market. Increasing Competitiveness and Higher Adoption of Bi Solutions is also expected to contribute significantly to the Location Based Services market. Overall, Location-based Advertising applications of Location Based Services, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Technology, such as Assisted GPS {A-GPS}, is boosting the Location Based Services market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Location Type, such as Outdoor, is boosting the Location Based Services market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Component, such as Hardware, is boosting the Location Based Services market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The End User, such as Transportation, is boosting the Location Based Services market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Location Based Services market identified that the demand is rising in many different parts of the world as "Evolution of IoT ". Furthermore, some recent industry insights like "Recently, AT&T launched cloud-based location-based services mobility data offerings. To help businesses and organizations with mobile initiatives improve productivity and have better visibility into their assets. and On 28 2017, Microsoft Corp. launched Azure Location Based Services to offer enterprise customers location capabilities. Azure Location Based Services are integrated directly into Azure, enabling enterprise customers to add Location Based Services to their existing Azure cloud solutions with the assurance that it meets Azure’s world-class standards of privacy, compliance, scalability, management, and simplicity." is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Location Based Services market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Location Based Services market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Check more with in-depth analysis and forecast of Location Based Services market study, Click here

Data Triangulation
The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.

Craig Francis

PR & Marketing Manager