According to a market report by Lucintel, the future of the global location intelligence market looks promising with opportunities in the retail & consumer good, government & defense, manufacturing & industrial, transportation & logistic, BFSI, IT & telecom, and utilities & energy markets. The global location intelligence market is expected to reach an estimated $39.1 billion by 2030 from $17.3 billion in 2024,at a CAGR of 14.6% from 2024 to 2030. The major drivers for this market are rising use of smartphones and location-based infrastructure, raising funds for network services and the Internet of Things as they enable smarter applications and improved network connectivity, along with the increasing boom in asset management across several industrial sectors.
A more than 150-page report to understand trends, opportunity and forecast in location intelligence market to 2030 by service (consulting, system integration, and others), application (risk management, emergency & response management, customer experience management, remote location analytics, supply chain planning & optimization, sales & marketing optimization, and others), end use (retail & consumer goods, government & defense, manufacturing & industrial, transportation & logistics, BFSI, IT & telecom, utilities & energy, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the service type category, system integration will remain larger segment over the forecasts period due to growing IoT penetration, growing location-based data, and a growing need to incorporate additional data sources.
Within the end use category, retail and consumer goods will remain the largest segment because the retailers and consumer goods companies use location intelligence to improve their business operations.
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In terms of regions, North America is expected to witness the highest growth over the forecasts period due to high adoption of smartphones and other mobile devices, along with the rapid urbanization and digital transformation initiatives in the region.
Bosch, ESRI, HERE, MDA, Navizon, Pitney Bowes, Qualcomm Technologies, SuperMap Software, TIBCO Software, Trimble are the major suppliers in the location intelligence market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]To get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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