Global Location Intelligence Systems Market Overview:
Location Intelligence System includes both people and technology, used to visualize spatial data result in actionable information that is collected from geospatial data in order to resolve all problems related to locations. These systems use geographical information system (GIS) tools for enabling to collect, store, analyze and visualize data. They use different varieties of spatial and business analytical tools to measure the approximate locations for providing a service to the people operating in it. Many key players of this market knowns that over 90% of companies believe location intelligence is vital to their success by empowering understanding, insight, decision-making, and prediction of a business hence making it more effective to use in the foreseen time period.
As per latest study released by AMA Research, the Global Location Intelligence Systems market is expected to see growth rate of 15.1%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Billion) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Adoption of Digital Technology Infrastructure in UAE is Also Trending the Market in that Region and The Rise in the Adoption of Advanced Technologies in these Systems
Market Growth Drivers:
Increasing Concern of Key Players about their Marketing and Developing Business Strategies and Rising Need for Predictive Analytics for Business across Different Domains
Challenges:
Lack of Uniform Regulatory Norms for these System and their Tools Coupled with Environmental Dependency and High Initial Cost of Deployment
Restraints:
Rising Number of Cyberattacks has led to Data Privacy Concerns, it is estimated that by 2021, about USD 6 Trillion will be Spent on Ensuring Cybersecurity which can Hamper the Market
Opportunities:
Growing Acceptance of this System in Banks, as these Location Intelligence Software helps Banks to Detect Frauds and Avoid Flagging Legitimate Charges as Potentially Fraudulent and Growing Adoption of Social Media as a Factor of Consumer Engagements and Work
Competitive Landscape:
Key players are adopting numerous strategies to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnerships to adopt certain technologies, and acquiring small players to finish the competition in the future. As well as investing money in the R&D sector to make technical upgrades to the product.
Some of the key players profiled in the report are Esri (United States), Pitney Bowes (United States), CartoDB (United States), Caliper Corporation (United States), Alteryx (United States), Salesforce (United States), Google (United States), Gadberry Group (United States), Galigeo (France) and Geoblink (Spain). Additionally, following companies can also be profiled that are part of our coverage like SAS (United States), Oracle (United States), Pitney Bowes (United States), Microsoft (United States), Cisco (United States), IBM (United States), Purple (United Kingdom) and GeoMoby (Australia). Analyst at AMA Research see United States Players to retain maximum share of Global Location Intelligence Systems market by 2030. Considering Market by Vertical, the sub-segment i.e. SMEs will boost the Location Intelligence Systems market. Considering Market by Component Type, the sub-segment i.e. Solutions will boost the Location Intelligence Systems market.
Latest Market Insights:
On December 1, 2022, Mapbox announced new products that empower developers and organizations to make better data-driven decisions and drive intuitive user experiences with innovative location technologies.
In June 2020, OmniSci entered into the partnership with Skyhook, a location intelligence provider to enable location insights for its customers.
Analyst View
The global market of Location Intelligent System is growing at a fastest rate, owing to the age of digitisation and the usage of smart phones and technology. The market share of industry are going to rise at their highest peak in upcoming years. North America is estimated to hold the largest share of the location intelligence software market, owing to the rising software demand in the IT and telecom sector. Hence the market of LIS is expected to flourish in foreseen year.
What Can be Explored with the Location Intelligence Systems Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Location Intelligence Systems Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Location Intelligence Systems
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Location Intelligence Systems market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Location Intelligence Systems market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Potential Investors, Government Bodies and Associations, Up and Down Stream Vendors, Private Research Organizations, Suppliers and Distributors and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.