Location Based Services & Real-Time Location System Market Size study by Component, Location, Vertical and Regional Forecasts 2018-2025 | Google, IBM, Microsoft Corporation, Oracle, ESRI

Growth Prospects and Emerging Trends

Location Based Services & Real-Time Location System Market Size study by Component, Location, Vertical and Regional Forecasts 2018-2025 | Google, IBM, Microsoft Corporation, Oracle, ESRI

Press Release

Global Location Based Services (LBS) & Real-Time Location System (RTLS) Market valued approximately USD 13.95 billion in 2016 is anticipated to grow with a healthy growth rate of more than 25.92% over the forecast period 2018-2025. Growing use of mobile phones for advertisement and implementation of location-based services and real-time location system in several industrial applications are the major factors which are driving the growth in the Global Location Based Services (LBS) & Real-Time Location System (RTLS) Market. However, presence of non-uniform data, risk associated with privacy and legal restrictions are the main reasons that hamper the market growth.

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The regional analysis of Global Location Based Services (LBS) & Real-Time Location System (RTLS) Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to exhibit higher growth rate/CAGR over the forecast period 2018-2025.

The major market player included in this report are:

Google Inc.
IBM
Microsoft Corporation
Oracle Corporation
ESRI
Ericsson
Teldio
Zebra Technologies Corporation
Qualcomm

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:

– Software
– Services
– Hardware

By Location:

– Outdoor
– Indoor

By Vertical:

– Government, Defense, and Public Sector
– Retail and E-Commerce
– Banking, Financial Services, and Insurance
– Automotive, Transportation, and Logistics
– Industrial Manufacturing
– Healthcare and Life Sciences
– Media and Entertainment
– Others

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