Location-Based Services (LBS) and Real-Time Location Systems (RTLS) Market by Component (Platform, Services and Hardware), Location Type (Indoor and Outdoor), Application, Vertical, Region – Global Forecast to 2025

2020-07-26
Price :
Published : Jul-2020
No. of Pages : 238

Various applications of geospatial data to drivethe LBS and RTLS market growth

MarketsandMarkets projects the Location-Based Services (LBS) and Real-Time Location Systems (RTLS) market to grow from USD 17.8 billion in 2020 to USD 39.2 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 17.1% from 2020 to 2025.Generally, spatial data represents the location, size and shape of objects present on Earth, such as a buildings, lakes, mountains, or townships. It is considered that spatial data and analysis is extremely essential for companies to understand changing business trends and challenges across regions, which significantly drives market growth. The processing time in decision-making is often long, leading to flawed assumptions, which limits the applicability of information. The increasing awareness among business executives about the benefits of LBS and RTLS analytics has further bolstered the growth of the market. LBS and RTLS platforms assist business executives in processing vast volumes of spatial data and gathering real-time insights into various business functionalities, which, in turn, helps companies to quickly tackle changing business conditions. For example, in the retail industry, spatial data enables retailers to uncover relationships between stores, products, and customer types—across a range of different parameters or metrics—that affects sales performance.

By component, platform segment to account for the higest market share in 2020

By component, the platform segment is expected to hold the highest market share in 2020, owning to the Growing need of asset tracking. The rising demand for location analytics is encouraging market vendors to enhance capabilities of their LBS and RTLS platforms in the market. These platforms help to localize, analyze, and act on the changing business conditions and trends. To increase agility, improve overall operations productivity, understand business trends, and reduce operational costs, many companies have started to invest in LBS and RTLS platform.

By service, deployment and integration segment to holdthe largest market sizeduring the forecast period

Among services, the deployment and integration segment is expected to hold the largest market size during the forecast period, compared to the application support and maintenance, and consulting and training segment. Deployment and integration services take care of seamless integration of each location-based software and system, regardless of its technology. System integration provides facilities and frameworks for the integration of various platforms with third-party environments. This integration allows applications to run on other platforms and make indoor location-based solutions efficient and quick.

Among regions, Asia Pacific to grow at the highest CAGR during the forecast period

The market in Asia Pacific (APAC)is projected to grow at the highest CAGR during the forecast period, owing to the massive potential for the applications of LBS and RTLS solutions in sectors, such as government, manufacturing, transportation and logistics, and retail. The existence of a large population, developing technology, and high growth in countries, such as China, India, Australia, Japan, Singapore, and Hong Kong are the major contributing factors for the growth of the LBS and RTLS market in the APAC region. Organizations in APAC are focusing on customer interests and preferences. The usage of smart phones and internet is widely used as a major means of connectivity.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the LBS and RTLS market.

The breakup of the profiles of the primary participants is given below:

  • By Company Type: Tier 1 – 45%, Tier 2 – 25%, and Tier 3 – 30%
  • By Designation: C-Level Executives – 40%, Directors – 35%, and Managers–25%
  • By Region: North America – 45%, Europe – 25%, APAC– 20%, and RoW– 10%

The following key LBS and RTLS vendors are profiled in the report:

  • Aruba Networks (US)
  • Cisco (US)
  • Google (US)
  • Esri (US)
  • IBM (US)
  • Microsoft (US)
  • Oracle (US)
  • TomTom (Netherlands)
  • Teldio (Canada)
  • HERE (Netherlands)
  • Ericsson (Sweden)
  • Foursquare (US)
  • Navigine (US)
  • AiRISTA Flow (US)
  • Quuppa (Finland)
  • Ubisense (UK)
  • Apple (US)
  • Qualcomm (US)
  • STANLEY Healthcare (US)
  • GE Healthcare (US)
  • CenTrak (US)
  • Spime (US)
  • KDDI (Japan)
  • NTT Docomo (Japan)
  • Zebra Technologies (US)
  • Leantegra (US)

Research Coverage

The LBS and RTLS market is segmented by component, location type, application, vertical, and region. A detailed analysis of the key industry players has been undertaken to provide insights into their business overviews; services; key strategies; new product launches and product enhancements; partnerships, agreements, and collaborations; expansions; acquisitions; and competitive landscape associated with the LBS and RTLS market.

Reasons to Buy the Report

The report would help the market leaders and new entrants in the following ways:

  • It comprehensively segments the LBS and RTLS market and provides the closest approximations of the revenue numbers for the overall market and its sub segments across different regions.
  • It would help stakeholders understand the pulse of the market and provide information on the key market drivers, restraints, challenges, and opportunities in the market.
  • It would help stakeholders understand their competitors better and gain more insights to enhance their positions in the market. The competitive landscape section includes competitor ecosystem, new product launches, partnerships, and acquisitions.
Filed in: Information Technology
Publisher : marketsandmarkets
More Reports
Title Price Buy Now

Cloud-based Contact Center Market by Component (Solutions and Services), Deployment Model (Public Cloud and Private Cloud), Organization Size, Industry (BFSI, Telecommunications, and Retail and Consumer Goods), and Region – Global Forecast to 2025

The growing need for improving consumer experience has fueled the adoption of cloud-based contact center solutions across the globe The global cloud-based contact center market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 25.8% during the forecast period, to reach USD 36.1 billion by 2025 from USD 11.5 billion in 2020. Digital business transformation has entered a more challenging and urgency-driven phase due to the COVID-19 pandemic. Global giants provide customers with cost-effective and productive digital solutions as every industry is economically hard-hit by the pandemic. The sudden shutdowns of organizations and institutions increased the demand for cloud solutions and other online services. The cloud-based contact center market in industries such as IT and ......
$7150

Data Center Infrastructure Management Market by Component, Application (Asset Management, Power Monitoring, Capacity Management, and Environmental Monitoring), Deployment Model, Organization Size, Vertical, and Region – Global Forecast to 2025

Increasing number of cloud and edge data centers to drive the growth of DCIM market The global Data Center Infrastructure Management (DCIM) market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 13.4% during the forecast period, to reach USD 2.9 billion by 2025 from USD 1.5 billion in 2020. Digital business transformation has entered a more challenging and urgency-driven phase due to the COVID-19 pandemic. Global giants are providing customers with cost-effective and productive digital solutions as every industry is economically hard-hit from the pandemic. The sudden shutdowns of organizations and institutions increased the demand for cloud solutions and other online services. The DCIM market in verticals such as IT, telecom, BFSI, and media and entertainment, has im......
$4950

Speech Analytics Market by Component (Solutions (Indexing & Query, Speech Engine) and Services), Application (Customer Experience Management, Competitive Intelligence), Vertical, Organization Size, Deployment Mode, and Region – Global Forecast to 2025

Increasing need to improve customer journey and overall experience, growing demand to monitor and improve agent performance, and adherence to regulatory and compliance standards to drive the growth of speech analytics market The global speech analytics market size to grow from USD 1.5 billion in 2020 to USD 3.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 20.2% during the forecast period.Speech analytics is a software tool that automates the overall process of delivering insights from customer interactions. It extracts valuable information from multiple customer conversations; decision-makers can use this real-time information to make better decisions. Nowadays, speech analytics solutions can sift through unstructured call data (human voice interactions) to identify the p......
$4950

Identity Verification Market by Component (Solutions and Services), Type (Non-Biometric and Biometric), Organization Size, Deployment Mode, Vertical (BFSI, Government and Defense, and Healthcare and Life Sciences), and Region – Global Forecast to 2025

The global post-COVID-19 identity verification market size to grow at a Compound Annual Growth Rate (CAGR) of 15.6% during the forecast period MarketsandMarkets forecasts the global post-COVID-19 identity verification market size to grow from USD 7.6 billion in 2020 to USD 15.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 15.6% during 2020–2025. The major growth drivers for the market include increasing digitization initiatives, increasing fraudulent activities and identity theft during the last decade, and Increasing use cases of digital identities among verticals. However, price disparity in identity verification solutions and services may restrain market growth. By type, biometrics to grow at the highest rate during the forecast period Biometric solutions follo......
$4950

COVID-19 Cross-Sector Impact – Thematic Research (October 2020)

COVID-19 Cross-Sector Impact - Thematic Research (October 2020) Summary This report analyzes the impact of COVID-19 across industry sectors. It provides side-by-side analysis of alternative datasets to present you with unique quantitative analysis of the effects of COVID-19 and how these differ across sectors. We also provide qualitative analysis of each sector and analyse COVID-19's impact on leading companies. Scope - According to Johns Hopkins University data, by 7 October 2020, COVID-19 has claimed 650,000 lives. The pandemic forced governments to impose rigid lockdowns that essentially shut down the worldwide economy for many months. With the exception of India and China, all major economies are expected to shrink this year. Unemployment levels have increased at jaw-dropping rates......
$1950

Cloud Computing in Travel and Tourism – Thematic Research

Cloud Computing in Travel and Tourism - Thematic Research Summary Cloud computing refers to the provision of IT infrastructure and platform services to provide a flexible, scalable, and on-demand IT environment. Whilst not openly publicized, it seems cloud computing is a growing theme throughout the travel sector. Jobs related to cloud computing are the most active on GlobalData's Job Analytics database between mid-September and early October 2020 with growth surpassed only by further technology themes such as IoT, Big Data and Online Travel. This thematic research report takes an in-depth look at the role of Cloud Computing within the travel and tourism sector. The report looks at trends within tourism related to the cloud alongside offering an array of case studies that take a deep di......
$1950

Global Emerging Technology Trends Survey 2020 – Thematic Research

Global Emerging Technology Trends Survey 2020 - Thematic Research Summary This survey was designed to help us understand the current attitudes of business leaders towards emerging technologies and evaluate how these attitudes are likely to evolve over the next three years. The results also give us a view of actual adoption levels of select emerging technologies in organizations across industries and geographies, as well as reasons for that adoption. While cybersecurity is important to all sectors, other emerging technologies are not. Business leaders should focus on technologies that make processes more efficient, cut costs, and assist with business development. Scope - This report provides a snapshot of current attitudes of business leaders towards emerging technologies. - It gives a......
$1950

Mergers and Acquisitions in Insurance (2017-Q1 2020) – Thematic Research

Mergers and Acquisitions in Insurance (2017-Q1 2020) - Thematic Research Summary A total of 186 insurance M&A deals valued at $50m or more were announced between January 1, 2017 and March 31, 2020. The combined value of these deals was $367bn. The fourth quarter of 2017 saw the most activity with 22 deals, while Q1 2018 represented the quarter with the largest transaction value, exceeding $100bn. In Q1 2020, M&A transactions totaled $40bn, up 96% from the previous quarter and 116% when compared to the same quarter last year. M&A in the insurance market has mainly been driven by big data, data analytics, cloud, digital insurance providers, and insurtech. We expect these themes to continue to drive M&A activity along with artificial intelligence (AI) and the Internet of Things (IoT), which......
$1950

Cybersecurity in Healthcare – Thematic Research

Cybersecurity in Healthcare - Thematic Research Summary The healthcare industry, including biopharmaceutical companies, healthcare providers, and payers, is targeted by malicious cyber threat actors due to the vast amount of valuable and sensitive data it holds. The biopharmaceutical industry is also vulnerable to attacks from activists, who protest against animal testing of drugs, high drug prices, and other ethical and political issues. As the healthcare industry becomes more digitized, it will provide cybercriminals with increased methods of stealing personal and proprietary data, including from medical health records and connected medical devices. For biopharmaceutical companies, the consequences of cyberattacks can be staggering, ranging from stolen IP, operational disruption to cli......
$1950

Predictive Analytics Market by Solution (Financial Analytics, Risk Analytics, Marketing Analytics, Web & Social Media Analytics, Network Analytics), Service, Deployment Mode, Organization Size, Vertical, and Region – Global Forecast to 2025

"The need to deliver data-driven insights and monitor changes and uncertainties during the COVID-19 situation is driving the demand for predictive analytics solutions and services." The global predictive analytics market size to grow from USD 7.2 billion in 2020 to USD 21.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 24.5% during the forecast period. Various factors such as the growing focus on digital transformation, rise adoption of big data and AI and ML technologies, increasing focus on remote monitoring in support of the COVID-19 pandemic, and the need to forecast possible future financial scenarios to answer specific business questions are expected to drive the adoption of the predictive analytics market.The objective of the report is to define, describe, and forec......
$4950
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy