Industry Background:
The global Location Intelligence Analytics market is expected to witness high demand in the forecasted period due to growth in portable navigation devices, web-mapping services, and smartphone applications across the globe. Location intelligence helps detect risks, patterns, and opportunities for businesses with the help of physical geography, demographics, and data pertaining to the location.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | SAS (United States), Esri (United States), Oracle (United States), Cisco (United States), IBM (United States), Pitney Bowes (United States), Microsoft (United States), Galigeo (France), Purple (United Kingdom) and GeoMoby (Australia) |
CAGR | 15.7% |
According to AMA, the market for Location Intelligence Analytics is expected to register a CAGR of 15.7% during the forecast period to 2027. This growth is primarily driven by Rising Use of Spatial Data as well as Analytical Tools, High Adoption of Location-Based Applications Among Consumers and Upsurging Requirements of Predictive Analytics for Business.
Globally, a noticeable market trend is evident High Adoption due to Location Intelligence Merging with Business Intelligence
. The Internet Software & Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as SAS (United States), Esri (United States), Oracle (United States), Cisco (United States), IBM (United States), Pitney Bowes (United States), Microsoft (United States), Galigeo (France), Purple (United Kingdom) and GeoMoby (Australia) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 8th January 2020, Esri, the global leader in location intelligence has announced it will offer a new massive open online course (MOOC) on spatial data science early this year. The no-cost course, which will run for six weeks on Esri's Training website, includes full access to ArcGIS Pro, ArcGIS Online, and ArcGIS Notebooks software
On 5th June 2019, Esri, the global leader in location intelligence, has announced that Microsoft’s Tactical Edge Platform will use Esri’s ArcGIS Enterprise to give its Microsoft Azure and Azure Cognitive Services a geographic context through Esri’s advanced mapping and spatial analytics technology.
Market Drivers
- Rising Use of Spatial Data as well as Analytical Tools
- High Adoption of Location-Based Applications Among Consumers
- Upsurging Requirements of Predictive Analytics for Business
Market Trend
- High Adoption due to Location Intelligence Merging with Business Intelligence
- Increasing Demand for Real-Time Data Streaming
Restraints
- The Increasing Concern Regarding Legal Concerns as well as Data Privacy Issues
Opportunities
High Demand due to Autonomous Mobility, Increasing Demand due to Adoption of Advanced Technologies and Growing Popularity of Social Media for Customer Engagement
Challenges
Lack of Uniform Regulatory Norms and High Initial Cost of Deployment
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 Intelligence Analytics Study Sheds Light on
The Location Intelligence Analytics Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Location Intelligence Analytics industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Location Intelligence Analytics 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.