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Asia Pacific Location Analytics Market to Hit USD 8 Bn by 2026

APAC Location Analytics Market outlook is all set to achieve substantial traction especially across the BFSI sector. Banks, insurance companies, and other financial organizations have been seeking location intelligence solutions due to their ease of use and streamlined operational processes. The smartphone industry across Asia Pacific has been actively supporting the demand for location analytics across the region with skyrocketing demand for both affordable and high-end smartphones on the rise.

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Asia Pacific Location Analytics Market to Hit USD 8 Bn by 2026

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  1. Asia Pacific Location Analytics Market to grow at 18% CAGR from 2020 to 2026: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  2. APAC Location Analytics Market outlook is all set to achieve substantial traction especially across the BFSI sector. Banks, insurance companies, and other financial organizations have been seeking location intelligence solutions due to their ease of use and streamlined operational processes. The smartphone industry across Asia Pacific has been actively supporting the demand for location analytics across the region with skyrocketing demand for both affordable and high-end smartphones on the rise. By 2026, Asia Pacific location analytics market size is slated to reach $8 billion, thanks to the government support toward large-scale digitalization across the continent. Owing to the COVID-19 pandemic, India, China, and other Asian countries witnessed a soaring demand for mobile devices, secure internet connections, and efficient location analytics services and solutions. With government authorities tapping the potential of geofencing technology for containing COVID-19 infection, APAC location analytics market forecast is certain to register a high revenue. For instance, during April 2020, the Indian government announced the development of its new COVID-19 quarantine alert system (CQAS). The system uses geofencing technology for collecting smartphone data including location analytics from telecom companies for efficient management during the pandemic. The telecom data is utilized to generate and deliver text message alerts and emails to government authorities regarding the violation of isolation/quarantine rules. The location analytics market share from managed service segment is anticipated to grow at a stable 20.4% CAGR through the forecast timeline fueled by the growing focus toward integration and maintenance of cloud infrastructure amongst companies. Software upgrades are also receiving growing emphasis in the wake of the higher reliance on online support for users. With the help of managed services, organizations are empowered to manage their business critical, geospatial applications effectively. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  3. Get sample copy of this research report @ https://bit.ly/3ohihun The industry share from geocoding and reverse geocoding solutions is projected to expand steadily during the forecast timeframe. Geocodes enable businesses to efficiently gain competitor market insights, analyze customer behavior, assess risks involved in network investments, and portfolio management, using in-store analytics. New Zealand and Australia are expected to represent notable portions of the total location analytics market share respectively. The increased demand for location-based data from industry verticals such as retail, healthcare, and energy & utilities is generating higher need for these solutions. The Australian IT sector is receiving significant support from governmental initiatives, boosting the overall location analytics market forecast in Asia Pacific. These initiatives are attracting foreign investors toward investments in IT sector thereby creating opportunities for sustainable solutions. For example, in October 2020, Accenture announced its acquisition of Zag, a cloud solution provider and SAP technology provider. This acquisition enabled Accenture to enhance its digital transformation abilities for meeting the growing demand for SAP and cloud products. During 2019, Asia Pacific accounted for more than 20% of the total global location analytics market share since organizations across the region are developing and leveraging smart supply chains that can accelerate image recognition, natural language processing and machine learning to meet consumer needs. Consumer behavior as well as operational processes can be analyzed using retail analytics or in-store analytics. Request for customization @ https://bit.ly/3uZWKdp ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  4. For instance, a leading Chinese e-commerce organization, JD.com, has been leveraging these solutions for retail analytics for creating profile data for each customer. These solutions enable efficient tracking and understanding of customer behavior which can be instrumental in formulating marketing strategies in future. • Some leading location analytics solution providers in Asia Pacific include Esri Global, Inc., Cisco Systems, Inc., Zebra Technologies Corporation, Hexagon AB, Oracle Corporation, and IBM Corporation. • Segmentation of Asia Pacific Location Analytics Market: • Asia Pacific Market, By Component • Solution • Geocoding & Reverse Geocoding • Thematic Mapping & Spatial Analysis • Reporting & Visualization • Service • Professional Service • Managed Service • Asia Pacific Market, By Location Positioning • Outdoor Positioning • Indoor Positioning ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  5. Asia Pacific Market, By Application • Risk Management • Customer Experience Management • Remote Monitoring • Supply Chain Planning & Optimization • Emergency Response Management • Location Selection & Optimization • Asia Pacific Market, By Industry Vertical • Transportation & Logistics • Retail • BFSI • IT & Telecom • Healthcare • Energy & Utilities • Manufacturing • The above information has been provided for the following countries: • Asia Pacific • China • Japan • Australia & New Zealand • India • South Korea ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  6. About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. Contact Us: Parikhit B. Corporate sales, Graphical Research Email:sales@graphicalresearch.comWeb: https://www.graphicalresearch.com ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  7. Stay In Touch With Us For: Website: www.graphicalresearch.com Social Media: Assured Quality On-Time Delivery Payment Security Industry Experts ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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