Location of Things Market 2017 by Location Type, Application, Vertical, and Region - Global Forecast to 2022 - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Location of Things Market by Location Type (Indoor, Outdoor), Application (Mapping & Navigation, Location-Based Social Media Monitoring, IoT Asset Management, IoT Location Intelligence), Vertical, and Region - Global Forecast to 2022" report to their offering.

The location of things market size is expected to grow from USD 5.46 billion in 2017 to USD 27.22 billion by 2022, at a CAGR of 37.9% from 2017 to 2022.

Factors such as increasing importance of spatial data, democratization of geospatial data for IoT applications, and increase in the adoption of location-based applications across various verticals are driving the location of things market. Privacy issues regarding user identity is the major restraint of this market.

The indoor location segment is expected to grow at a higher CAGR during the forecast period. The technology helps in recording the real-time data to visualize the visitor's behavior and preferences. Earlier, Global Positioning System (GPS) was used. However, due to incapability of receiving signals due to hard walls, the indoor location technology was introduced.

As per the geographic analysis, North America was the largest market for location of things in 2016. Technological advancements, robust internet infrastructure, widespread adoption of new technology, and presence of a strong domestic solution providers have contributed to the growth of the market in this region.

The market in Asia-Pacific is expected to grow at the highest CAGR during the forecast period. Large population, technological advancements, and affluent countries, such as, South Korea, Singapore, and Hong Kong are the major factors for the growth of the location of things market, in this region.

Market Dynamics

Drivers

  • Increasing Importance of Geospatial Data
  • Commercialization of Location-Based Services
  • Democratization of Geospatial Data for IoT Applications
  • Increasing Use of Location-Based Applications Across Various Verticals

Restraints

  • Privacy Issues Regarding User Identity

Opportunities

  • Increase in the Adoption of Cloud-Based Technology
  • Evolution of IoT
  • Real-Time Location Data Analysis and Asset Management

Challenges

  • Security Concerns

Companies Mentioned

  • Bosch Software Innovations GMBH (Berlin, Germany)
  • ESRI (California, U.S.)
  • Google, Inc. (California, U.S.)
  • HERE (Chicago, U.S.)
  • IBM Corporation (Armonk, U.S.)
  • Microsoft Corporation (Washington, U.S.)
  • Pitney Bowes (Stamford, U.S.)
  • Qualcomm Technologies, Inc. (California, U.S.)
  • Telogis (California, U.S.)
  • Tibco Software, Inc. (California, U.S.)
  • Ubisense Group PLC. (Cambridge, U.K.)
  • Wireless Logic (Berkshire, U.K.)

For more information about this report visit http://www.researchandmarkets.com/research/vpv2vh/location_of

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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Related Topics: Location Based Services

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Location Based Services