Location Analytics Market, 2024 by Component (Solutions and Services), Location Type (Indoor and Outdoor), Application (Remote Monitoring, Risk Management), Vertical (Retail, Media and Entertainment) - ResearchAndMarkets.com

DUBLIN--()--The "Location Analytics Market by Component (Solutions and Services), Location Type (Indoor Location and Outdoor Location), Application (Remote Monitoring, Risk Management), Vertical (Retail, Media and Entertainment), and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The global location analytics market size is expected to grow from USD 10.6 billion in 2019 to USD 22.8 billion by 2024

Major growth factors for the market include increasing use of spatial data and analytical tools, rising need for predictive analytics for business, and growing use of location-based applications among consumers. These factors are expected to drive the global location analytics market. However, legal concerns and data privacy may limit market growth.

Supply chain planning and optimization application segment to grow at the highest CAGR during the forecast period

Location analytics for the supply chain planning and optimization application solves multiple requirements raised by business organizations working in and across a number of verticals, such as retail and wholesale, manufacturing, and telecommunication and IT.

Location analytics solutions help organizations better visualize and efficiently manage their supply chain in various ways, right from choosing the best mode of transport to matching locations for ensuring optimized distribution. It assists business executives in planning raw material sourcing to optimize their timely delivery, estimating procurement spend analysis, optimizing inventory levels across the procurement cycle, managing contracts, and measuring supplier performance through a set of key performance indicators.

Asia Pacific (APAC) to grow at the highest growth rate during the forecast period

APAC is expected to experience extensive growth opportunities in the next 5 years. The existence of a large population, the introduction of emerging technologies, and high growth in countries such as China, India, Australia, Japan, Singapore, and Hong Kong are the major factors contributing to the growth of the location analytics market in the region.

The organizations in APAC are focusing on customer interests and their preferences. The mobile devices and the internet are being widely used for connectivity in the region. The region provides opportunities for small analytics vendors to introduce their innovative location analytics solutions. All these factors are responsible for the expeditious growth of the location analytics market in APAC.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in the Location Analytics Market

4.2 Market Top 3 Verticals and Regions

4.3 Market By Region

4.4 Market Investment Scenario

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Increasing use of Spatial Data and Analytical Tools

5.2.1.2 Rising Need for Predictive Analytics for Business

5.2.1.3 Increasing use of Location-Based Applications Among Consumers

5.2.2 Restraints

5.2.2.1 Legal Concerns and Data Privacy Issues

5.2.3 Opportunities

5.2.3.1 Rise in the Adoption of Advanced Technologies

5.2.3.2 Growing Adoption of Social Media for Customer Engagement

5.2.4 Challenges

5.2.4.1 Lack of Uniform Regulatory Norms

5.2.4.2 High Initial Cost of Deployment

6 Location Analytics Market By Component

6.1 Introduction

6.2 Solutions

6.2.1 Growing use of Location-Based Data in Businesses to Increase Demand for Location Analytics Solutions

6.3 Services

6.3.1 Need for Consistent Performance of Solutions to Increase Demand for Services in Market

7 Location Analytics Market By Solution

7.1 Introduction

7.2 Geocoding and Reverse Geocoding

7.2.1 Growing Need for Real-Time Data Analysis of Customers to Increase Adoption of Geocoding and Reverse Geocoding Solution

7.3 Data Integration and ETL

7.3.1 Data Integration and ETL Controls Data Flow Through Mapping Geometry and Characteristics of Source Data With Destination Data

7.4 Reporting and Visualization

7.4.1 Reporting and Visualization Solution Helps Enterprises Understand Processed Data and Analysis

7.5 Thematic Mapping and Spatial Analysis

7.5.1 Need for Data Transformation in Visual Representation to Generate Demand for Thematic Mapping Solution

7.6 Others

8 Location Analytics Market By Service

8.1 Introduction

8.2 Consulting

8.2.1 Rise in Awareness of Location Analytics for Business Uses to Increase Demand for Consulting Services

8.3 Integration and Deployment

8.3.1 Integration and Deployment Service Assists Organizations in Using Location Analytics Solutions

8.4 Support and Maintenance

8.4.1 Need for Consistent Performance of Location Analytics Solutions to Increase Adoption of Support and Maintenance Services

9 Location Analytics Market, By Location Type

9.1 Introduction

9.2 Indoor Location

9.2.1 Increasing Building Size and Growing Need for Public Safety and Indoor Navigational Guidance to Boost Growth of Market

9.3 Outdoor Location

9.3.1 Growing Need for Location-Based Applications in Various Verticals to Lead Growth of Market

10 Location Analytics Market By Application

10.1 Introduction

10.2 Risk Management

10.2.1 Location Analytics Supports Enterprises to Take Smart Risks for Increasing Business Value

10.3 Emergency Response Management

10.3.1 Location Analytics Supports Emergency Response Operations Across Organizational, Jurisdictional, and Geographical Boundaries

10.4 Customer Experience Management

10.4.1 Location Analytics Helps Companies Achieve Effective Management of Service Costs and Improve Operational Profitability

10.5 Remote Monitoring

10.5.1 Need for Efficient Remote Monitoring of Assets in Various Verticals to Increase Demand for Location Analytics

10.6 Supply Chain Planning and Optimization

10.6.1 Need for Effective Supply Chain Management to Increase Demand for Location Analytics

10.7 Sales and Marketing Optimization

10.7.1 Location Analytics Helps Companies Improve Campaign Execution for Attracting New Customers

10.8 Others

11 Location Analytics Market By Vertical

11.1 Introduction

11.2 Retail

11.2.1 Location Analytics Helps Retailers Enhance Customer Experience

11.3 Manufacturing

11.3.1 Location Analytics Helps Manufacturing Companies Improve Efficiency of Organizations

11.4 Government and Defense

11.4.1 Need for Efficient Emergency Response System and Monitoring of Different Aspects Across Countries to Increase Demand for Location Analytics Solutions in Government and Defense Vertical

11.5 Media and Entertainment

11.5.1 Rising Competition and Uncertain Markets to Increase Demand for Location Analytics Solutions

11.6 Transportation and Logistics

11.6.1 Need for Cost Optimization and Effective Routes for Faster Execution of Various Operations to Increase Demand for Location Analytics Solutions

11.7 Energy and Utilities

11.7.1 Location Analytics Helps Energy and Utility Companies Monitor Plants and Assets in Remote Locations

11.8 Others

12 Location Analytics Market By Region

Competitive Landscape

  • Alteryx, Inc.
  • Cisco Systems
  • CleverAnalytics
  • ESRI
  • Galigeo
  • GeoMoby
  • IBM
  • IndoorAtlas
  • Lepton Software
  • Microsoft
  • Oracle
  • Pitney Bowes
  • Purple
  • Quuppa
  • SAS Institute

For more information about this report visit https://www.researchandmarkets.com/r/jpetqy

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Related Topics: Information Management

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press 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
Related Topics: Information Management