How Location Awareness Service Market Players have Encountered Temporary Covid-19 Tailwinds; Worth Watching New Growth Cycle

Location Awareness Service Market Latest Edition Published with Forecast to 2030
  • Apr 8, 2024
  • Priyadarshini
  • Technology
  • AMA Research


The article cited AMA's "Global Location Awareness Service Market Study" explored CAGR of 24.7%. According to the report, Technological Advancement of GPS, Satellite and Infrared Radiation Based Remote Sensor is one of the primary growth factors for the market. The demand of Real-Time Position is also expected to contribute significantly to the Location Awareness Service market. Overall, Tracking and Navigation applications of Location Awareness Service, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Industry Vertical, such as Transportation and Logistics, is boosting the Location Awareness Service 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 Real-time Locating, is boosting the Location Awareness Service 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 Services Type, such as Deployment and Integration, is boosting the Location Awareness Service market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Location Awareness Service market identified that the demand is rising in many different parts of the world as "Widely Used in Asset Tracking, Route Optimization, Mapping Discovery, and Defense Management will propel the Location Awareness Service Market ". Furthermore, some recent industry insights like "On 25 Feb 2020, Cisco promoted Phunware, Inc.'s Multiscreen-as-a-Service (MaaS) Location Based Services (LBS) app. Customers may obtain apps built on top of the Meraki platform through the Meraki Marketplace. Indoor Routing and Navigation, Off-Route Notifications, and Location Sharing are just a few of the capabilities available in Phunware's MaaS LBS platform." which is constantly making the industry very 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 Awareness Service 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

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.

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 Awareness Service 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.

Data Triangulation
The overall Location Awareness Service market size is calculated using market estimation process, the Location Awareness Service 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 Global Location Awareness Service market size has been validated using both top-down and bottom-up approaches.

Praveen Kumar

Head & Director of Sales