Industry Background:
Devices that can passively or actively identify their position are referred to be location-aware. The position coordinates for vessels and vehicles are provided by navigational devices. Surveying equipment determines the position of a wireless communications device in relation to a well-known location. The position of a node in a network is described by network location awareness (NLA).
According to AMA Research, the market for Location Awareness Service is expected to register a CAGR of 24.7% during the forecast period to 2030. This growth is primarily driven by The demand of Real-Time Position
.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
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 |
The Technology sector in the
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 Aruba Networks (United States), Cisco (United States), Google (United States), Esri (United States), IBM (United States), Microsoft (United States), Oracle (United States), TomTom (Netherlands), SAS Institute (United States), Teldio (Canda), HERE (Netherlands), Ericsson (Sweden), Foursquare (United States), Navigine (United States), AiRISTA Flow (United States), Quuppa (Finland), Ubisense (United Kingdom), Apple (United States), Qualcomm (United States), STANLEY Healthcare (United States), GE Healthcare (United States) and CenTrak (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.
Key Developments in the Market:
On 15 April 2020, TomTom partnership with Verizon to improve Verizon's current location-based data, navigation, and intelligence capabilities. Verizon will incorporate TomTom's Maps APIs and SDKs into its location services offering, according to TomTom. This partnership will enhance the platform's development and integration by the developer community.
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.The Top companies are exploring the market by enhancing the geolocation capabilities, maps, traffic, and navigation software. Companies recognized continuous technical developments in this sector, rising industry standards for Location Awareness Service and Real-Time Location System, and increased financial assistance from the government. The players are adopting new strategies through expansions and acquisitions across the globe to avail of competition.
Influencing Trend:
Technological Advancement of GPS, Satellite and Infrared Radiation Based Remote Sensor
Market Growth Drivers:
The demand of Real-Time Position and The demand for Online Booking by Utilizing Geographical Data
Challenges:
Misuse of Location Data Can Lead to Serious Legal Sequences
Restraints:
Stringent Government Rules and Regulations for Security Priority Limit the Use of Location Awareness Service
Opportunities:
Widely Used in Asset Tracking, Route Optimization, Mapping Discovery, and Defense Management will propel the Location Awareness Service Market and Development in Autonomous Car Technology Will Grow the Location Awareness Service Market
AMA Research follows 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 mainly 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 showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Location Awareness Service Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Location Awareness Service Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Location Awareness Service players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes 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 Awareness Service Study Sheds Light on
The Location Awareness Service Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Location Awareness Service industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Location Awareness Service industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, 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 the value they currently claim or capture the new addressable opportunity.