Location Based Services and Real Time Location System Market Overview
MMR produced a market report on Location Based Services and Real Time Location System Market Filters. The study comprises primary and secondary data, and subject matter specialists analysed it from both a local and global perspective. The report is a significant tool for investors because it provides a comprehensive analysis of the market's size and share in each sector and category.
Market Development for Location Based Services and Real Time Location Systems:
Location Based Services and Real Time Location System Market size was valued at US$ 28.62 Bn in 2023. Global Location Based Services and Real Time Location System Market is expected to grow at a CAGR of 19.3% during the forecast period and the market is expected to reach US$ 98.44 Bn by 2030.
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Location Based Services and Real Time Location System Market Dynamics:
Growing Healthcare Industry
Real-Time Locating Systems (RTLS) stand out as a game-changing technology with the potential to overhaul the healthcare industry. Location-Based Services (LBS) providers use real-time location data to seamlessly follow people, assets, and mobile devices in both indoor and outdoor contexts. This is driving global market growth for location-based services and real-time location systems. Location-Based Services enable organisations to turn information into meaningful insights by leveraging real-time location data. These insights, in turn, enable informed decision-making and optimal care practices, improving overall operational efficiency and contributing to higher profitability for healthcare facilities.
Market Scope and Research Methodology for Location-Based Services and Real-Time Location Systems:
The report's goal is to provide a comprehensive study of the market to all industry participants. The research presents the past and current condition of the Location-Based Services and Real Time Location System industry, as well as anticipated market size and trends, with complex data analysed in simple language. The report covers all elements of the industry and provides a detailed analysis of significant competitors such as market leaders, followers, and new entries by region. The research includes a PORTER, SWOT, and PESTLE analysis that examines the possible influence of microeconomic factors by region on the location-based services and real-time location system markets. External and internal elements that are expected to have a favourable or negative impact on the firm have been analysed, providing decision-makers with a clear vision of the industry's future.
Location Based Services and Real Time Location System Market Key Players:
1. Google [Mountain View, California, USA]
2. Apple [Cupertino, California, USA]
3. Microsoft [Redmond, Washington, USA]
4. Ericsson [Stockholm, Sweden]
North America:
1. Cisco [San Jose, California, USA]
2. IBM [Armonk, New York, USA]
3. Oracle [Redwood City, California, USA]
4. Qualcomm [San Diego, California, USA]
5. Zebra Technologies [Lincolnshire, Illinois, USA]
6. Pitney Bowes [Stamford, Connecticut, USA]
7. Foursquare [New York City, New York, USA]
8. Teldio [Ottawa, Ontario, Canada]
9. Ekahau [Reston, Virginia, USA]
10. AiRISTA [Reston, Virginia, USA]
11. Centrak [Newtown, Pennsylvania, USA]
Europe:
1. Nokia (previously HERE) [Espoo, Finland]
2. TomTom [Amsterdam, Netherlands]
3. Galigeo [Paris, France]
4. infsoft [Ingolstadt, Germany]
5. Quuppa [Espoo, Finland]
6. Living Map [London, UK]
Asia Pacific:
1. Baidu [Beijing, China]
2. Navigine [Moscow, Russia]
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Location Based Services and Real Time Location System Market Segmentation:
by Component
Hardware
Software
Service
Based on component, the market is divided into three categories: hardware, software, and services. During the forecast period, the software sector is likely to dominate the market for location-based services and real-time positioning systems. The software's role is to translate raw location data into meaningful information. This includes tracking the real-time movement of assets or people, offering navigation instructions, and producing reports. Software is essential for connecting LBS and RTLS with other enterprise systems.
by Service
Application support and maintenance
Consulting and advisory
Deployment and integration
Reporting and visualization
Risk analytics and threat prevention
Based on service, the market is divided into five categories: application support and maintenance, consulting and advising, deployment and integration, reporting and visualisation, and risk analytics and threat prevention. The application support and maintenance category is predicted to increase at a rapid pace over the forecast period. Application support and maintenance are critical to ensuring the long-term reliability and performance of location-based systems. It tackles issues that are likely to develop during normal operations and guarantees that the software keeps up with corporate requirements and technical advancements.
by Location Type
Outdoor
Indoor
by End-User
Automotive, transportation and logistic
Banking, financial services and insurance
Government, defense and public utilities
Healthcare and life sciences
Industrial manufacturing
Media and entertainment
Retail and eCommerce
Energy and utilities
Tourism and hospitality
Telecom and education
Location Based Services and Real Time Location System Market Regional Insights:
Geographically, the report is divided into several key countries, with market size, growth rate, import and export of Location Based Services and Real Time Location System in these countries, which cover North America - U.S., Canada, Mexico, Europe - UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific - China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America - Brazil, and Middle East and Africa.
Key Questions answered in the Location Based Services and Real Time Location System Market Report are:
- What is the expected Location Based Services and Real Time Location System market size by 2030?
- What will be the CAGR of the Location Based Services and Real Time Location System market during the forecast period?
- Which segment held the largest share in the Location Based Services and Real Time Location System market?
- How is the competitive scenario of the Location Based Services and Real Time Location System market?
- Which are the key factors driving the Location Based Services and Real Time Location System market growth?
- What are the factors restraining the Location Based Services and Real Time Location System market growth?
- Which region holds the maximum share in the Location Based Services and Real Time Location System market?
- Who are the key players in the Location Based Services and Real Time Location System market?
For detail insights on this market, request for methodology here @ https://www.maximizemarketresearch.com/request-sample/12827
Key Offerings:
- A detailed Market Overview
- Market Share
- Market Size
- Market Forecast by Revenue
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation- A detailed analysis of each segment and their segments
- Competitive Landscape – Leading key players and other prominent key players.
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