Industry Background:
The rapid development of the Internet of Things is transforming the way of living and others. Location is becoming one of the most adaptable and easily available types of information among the large volumes of data which is gathered by different types of IoT devices. With the rising availability of smartphones along with increasing penetration of the internet. With the development of software helping this technology to grow in various industries.This growth is primarily driven by Development of Location-Based Services, Rapid Adoption of Geospatial Data for IoT Applications and Increasing Adoption of Location-Based Applications Across Various Industry Verticals.
Globally, a noticeable market trend is evident Increasing Awareness of Spatial Data Drives the Location of Things Market. Major Players, such as Bosch Software Innovations GmbH (Germany), Google, Inc. (Alphabet, Inc.) (United States), IBM Corporation (United States), Microsoft Corporation (United States), ESRI (United States), Qualcomm Technologies, Inc. (United States), Wireless Logic (United Kingdom), Ubisense Group Plc (United Kingdom), Pitney Bowes (United States) and HERE (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In Oct 209, PHY Wireless announced its separation from its parent company known as Acorn Technologies. The company is focusing on becoming a leading provider of high-performance accurate positioning of mobile solutions. Through this initiative, the company is becoming more competent in this industry.
Market Drivers
- Development of Location-Based Services
- Rapid Adoption of Geospatial Data for IoT Applications
- Increasing Adoption of Location-Based Applications Across Various Industry Verticals
Market Trend
- Increasing Awareness of Spatial Data Drives the Location of Things Market
Restraints
- Lack of Awareness in Underdeveloped Region
Opportunities
Development in Technology Such as Cloud-Based Technology and Increasing Demand for The Real-Time Data Analysis and Asset Management
Challenges
Rising Security Concerns Among Consumers
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Location of Things Study Sheds Light on
The Location of Things Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Location of Things industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Location of Things industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.