The Global Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market Research Report published by Emergen Research has been formulated by analysis of key business details and extensive geographical spread of the Location-Based Services (LBS) And Real-Time Location Systems (RTLS) industry. The study offers comprehensive coverage of the qualitative and quantitative analysis of the Location-Based Services (LBS) And Real-Time Location Systems (RTLS) market along with crucial statistical data about the Location-Based Services (LBS) And Real-Time Location Systems (RTLS) market. The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.
Location-Based Services (LBS) and Real-Time Location Systems (RTLS) are two distinct technologies that have revolutionized the way we live and work. LBS is a mobile application that utilizes the location of a user to provide relevant information, while RTLS is a system that tracks the location of assets or people in real-time. The market for these technologies has been growing rapidly in recent years, driven by a number of factors.
The global Location-Based Services (LBS) And Real-Time Location Systems (RTLS) market size is expected to reach USD 113.27 Billion in 2032 and register a steady revenue CAGR of 17.6% during the forecast period, according to latest analysis by Emergen Research. The increasing adoption of smartphones and mobile devices, along with the growth of IoT technology, are some of the major factors driving the market growth. Additionally, the need for better supply chain management and the growing demand for location-based advertising are also contributing to the expansion of the LBS and RTLS market.
One of the major drivers of the market is the increasing demand for location-based advertising. Location-based advertising allows businesses to target potential customers in a specific location, based on their interests and preferences. According to a report by the Interactive Advertising Bureau, 70% of consumers are more likely to make a purchase from a business that uses location-based advertising. This has led to an increased adoption of LBS technology by businesses across various industries.
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Due to movement restrictions and lockdowns due to the current COVID-19 pandemic, the growth of the Location-Based Services (LBS) And Real-Time Location Systems (RTLS) industry is expected to be negatively affected. In addition to the impact of the COVID-19 pandemic on numerous global markets, the Location-Based Services (LBS) And Real-Time Location Systems (RTLS) industry is expected to feel the effect as well. The slowdown in economic growth and dynamic changes in demand will further affect industry growth. The report covers the impact analysis of the COVID-19 pandemic on the overall Location-Based Services (LBS) And Real-Time Location Systems (RTLS) industry.
It focuses on the recent mergers & acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others. The report also provides details about the company overview, business expansion plans, product portfolio, manufacturing and production capacity, global market position, financial status, and consumer base.
The report also discusses the key players involved in the market such as
AiRISTA Flow, Inc., Apple Inc., Hewlett Packard Enterprise Development LP, CenTrak, Inc., Cisco Systems, Inc., Telefonaktiebolaget LM Ericsson, Esri, GE HealthCare, Google, and HERE
Radical Highlights of the Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market Report:
- Comprehensive overview of the Location-Based Services (LBS) And Real-Time Location Systems (RTLS) market along with analysis of the changing dynamics of the market
- Growth Assessment of various market segments throughout the forecast period
- Regional and global analysis of the market players, including their market share and global position
- Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
- Impact of the technological developments and R&D advancements on the Location-Based Services (LBS) And Real-Time Location Systems (RTLS) market
- Information about profit-making strategies and developmental strategies of major companies and manufacturers
- Insightful information for the new entrants willing to enter the market
- Details and insights about business expansion strategies, product launches, and other collaborations
- The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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Major Geographies Analyzed in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Location-Based Services (LBS) And Real-Time Location Systems (RTLS) market expected to boost the growth of the industry in the coming years.
Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market Segmentation:
-
Component Outlook (Revenue, USD Billion; 2019–2032)
- Platform
- Services
- Hardware
-
Location Type Outlook (Revenue, USD Billion; 2019–2032)
- Outdoor
- Indoor
-
Application Outlook (Revenue, USD Billion; 2019–2032)
- Tracking and Navigation
- Marketing and Advertising
- Location-Based Social Networks
- Location-based Heath Monitoring
- Others
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The report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of the key companies involved in the market. The report provides valuable insights to the stakeholders, investors, product managers, marketing executives, and other industry professionals.
ToC of the report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on type applications
Chapter 9: Current and Future Trends
Thank you for reading our report. Please get in touch with us if you have any query regarding the report or its customization. Our team will ensure the report is best suited to your needs.
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