About Location Marketing
Location Marketing is a powerful and unique set of data points passed through mobile devices. It has high growth prospects due to the maximum demands for advent digitalization among various industries verticals and high penetration of smartphones among individuals across the globe. Factors such as increasing location-based IT Infrastructure are coupled with rising consumer spending on asset marketing and others will provide a positive scope for product penetration during the forecasted timeframe. The major companies are adding more innovative techniques in Asia-Pacific countries as these countries are focused on the fastest-growing verticals for the IT industries.
Attributes | Details |
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Study Period | 2020-2030 |
Base Year | 2024 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Google (United States), Groupon (United States), Groundtruth (United States), Placecast (United States), PlaceIQ (United States), Scanbuy (United States), Shopkick (United States), Telenity (India), Near Pte Ltd. (Singapore) and Foursquare Labs Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Location Marketing market by Type (Indoor Geo-Marketing and Outdoor Geo-Marketing), Application (Location-Based Advertising, Business Intelligence and Analytics, Fleet Management, Mapping and Navigation, Local Search and Information, Social Networking and Entertainment, Proximity Marketing, Asset Marketing and Others) and Region.
On the basis of geography, the market of Location Marketing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2024. If we see Market by Technology, the sub-segment i.e. GPS will boost the Location Marketing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. Banking, Financial Services and Insurance(BFSI) will boost the Location Marketing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand for Services as a Solution in Digital Transformation Activities among Industries and Diversified Scope of Applications across Various Sectors
Market Growth Drivers:
Rising Demand from Analytical Solutions for Analyze Real-Time Geo-Data and Increasing Penetration of Smartphones and Other Electronic Gadgets
Challenges:
High Initial Cost of Deployment and Lack of Infrastructure Leads to Hamper the Market Growth
Restraints:
Legal Concerns and Data Privacy Issues and Lack of Uniform Regulatory Norms
Opportunities:
Upsurge Investment in Innovative Location-Based Analytical Solutions and Growth in Adoption of Social Media Activities and Mobile Commerce
Market Leaders and their expansionary development strategies
In August 2019, inMarket acquired Thinknear a provider of location-based services that is beneficial in providing diversified, unique and effective product suites that clients embrace across a variety of verticals. It also offers a marketing technology platform with clients across the automotive, quick service restaurant, retail, finance, healthcare, and consumer packaged goods industries.
In March 2019, STRATACACHE launched a Walkbase Asset which is an asset management tool and beneficial in providing real-time location of staff and high-value assets to monitor usage and increases operational efficiency.
Key Target Audience
Location Marketing Software Manufacturers, End-Use Market Participants of Different Segments of Location Marketing, Government and Research Organizations, R&D Institutions and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.