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Location Based Services Market Expected to Reach $61,897 Million by 2022, Globally

The Global Location-Based Services Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $61,897 million by 2022, registering a CAGR of 26.6% from 2016 to 2022. In 2015,Mapping and navigation application dominated the global location-based services market, in terms of revenue. North America is expected to be the leading revenue contributor during the forecast period.

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Location Based Services Market Expected to Reach $61,897 Million by 2022, Globally

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  1. Remote Patient Monitoring Market  Location Based Services Market Location Based Services Market Global Opportunity Analysis and Industry Forecast, 2014 - 2022 Global Opportunity Analysis and Industry Forecast, 2014 - 2022 Publish Date :  Jan 2017 No of Pages: 236

  2. Location-based services use data related to location of mobile devices and offer required services to users. Increase in penetration of smartphones along with growth • The Global Location-Based Services Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $61,897 million by 2022, registering a CAGR of 26.6% from 2016 to 2022. In 2015,Mapping and navigation application dominated the global location-based services market, in terms of revenue. North America is expected to be the leading revenue contributor during the forecast period. • Location-based services use data related to location of mobile devices and offer required services to users. Increase in penetration of smartphones along with growth in use of mobile commerce, and availability of low-cost GPS-enabled smartphones are expected to drive the global location-based services market. Location-based services have wide adoption in media & entertainment, retail, transportation, healthcare, government, defense, and other industries. Rise in popularity of social networking and mobile-based advertising, evolution of Internet of Things (IOT), increase in demand for wearable devices, and growth in penetration of 3G and 4G networks are further expected to supplement the growth of location-based services industry. Introduction

  3. In 2015, the government & defense segment generated the maximum revenue of $2,906 million, owing to the frequent incident of cross-border disputes, advanced security features, and rise in security concerns worldwide. In addition, the media & entertainment segment was the fastest growing end-user segment in 2015, and is projected to grow at a CAGR of 29.4% during the forecast period. • In 2015, mapping & navigation application dominated the global location-based services market with $3,120 million, owing to increase in use of LBS in road and air transportation sectors for push notifications, real-time updated schedules, and tracking routes. • . Current and Future Market Scenario

  4. Location Based Services Market - Segments

  5. Location Based Services Market -By Component

  6. Location Based Services Market - By Technology

  7. . Region Overview • In 2015, defense & aerospace sector accounted for the major share in the global location-based services market size, in terms of revenue, and is projected to grow at a CAGR of 24.6% during the forecast period. • The mapping & navigation application generated the highest revenue in 2015. • In 2015, North America dominated the market, in terms of revenue. • Asia-Pacific is expected to grow at the highest CAGR of 28.4%.

  8. Leading Players • The report includes a comprehensive analysis of the key players operating in the location-based services industry, which include Cisco Systems, Inc., Google Inc., Alcatel-Lucent SA, AT&T Inc., International Business Machines Corporation, Ltd., Qualcomm Inc., Microsoft Corporation, Oracle Corporation, Apple, Inc., and Bharti Airtel, LTD.

  9. Thank You! For More Details Visit us at https://www.alliedmarketresearch.com/location-based-services-market Follow Us On

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