DUBLIN--(BUSINESS WIRE)--The "Location Intelligence Market Size, Share & Trends Analysis Report By Application (Sales & Marketing Optimization, Remote Monitoring), By Service, By Vertical (Transportation, Retail), And Segment Forecasts, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global location intelligence market size is anticipated to reach USD 25.25 billion by 2025. It is anticipated to expand at a CAGR of 15.3% over the forecast period.
Increasing penetration of network infrastructure and smart devices coupled with rapid digitization give organizations access to diverse information about consumers, system performance, and assets among others. This factor is anticipated to spur the global location intelligence market. Furthermore, rising demand for location data to enhance business operations and to deliver personalized services is expected to further propel market growth.
Location intelligence is a business intelligence tool capability enabled by data collected from Internet of Things (IoT) and Geographic Information System (GIS) embedded devices. It enables businesses to identify consumer trends, buyer behavior, and other information about niche markets. This helps organizations make informed decisions, deliver better products and services, and mitigate market uncertainties. Organizations are incorporating real-time location monitoring capabilities in various devices, especially smartphones, for monitoring and recording geographic position of consumers to analyze trends, improve customer experience, and optimize business operations.
Majority of consumer electronics manufacturers are incorporating a variety of software and hardware components to collect consumer data over the internet. This enables them to target right audience and gain market share. Booming smartphone and smart devices industry in Asia Pacific (APAC) is expected to drive the market growth. Steady rise of investments in IoT technologies, number of smartphone users, and spending on connected devices in APAC countries are predicted to drive the location intelligence market over the forecast period. However, lack of network infrastructure, data privacy, awareness about geospatial and predictive analytics, as well as various operational challenges can hinder market growth.
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Market Variables, Trends, & Scope Outlook
Chapter 4. Location Intelligence Market: Application Estimates & Trends Analysis
Chapter 5. Location Intelligence Market: Service Estimates & Trends Analysis
Chapter 6. Location Intelligence Market: Vertical Estimates & Trends Analysis
Chapter 7. Location Intelligence Market: Regional Estimates & Trends Analysis
Chapter 8. Competitive Landscape
- ESRI
- Wireless Logic
- HERE Technologies
- Trueposition, Inc.
- Navizon, Inc.
- Bosch Software Innovations GmbH
- Pitney Bowes, Inc.
- Tibco Software, Inc.
- Trimble, Inc.
- Qualcomm Technologies, Inc.
- MDA Corporation
- Supermap Software Co., Ltd
- Autodesk, Inc.
For more information about this report visit https://www.researchandmarkets.com/research/4m6mkb/location?w=4
