Location Intelligence Market Analysis Report By Application, By Service, By Vertical And Segment Forecasts From 2020 To 2027

Synopsis

According to the report, in 2019, the global location intelligence market size was priced at USD 10.6 billion. It is projected to develop by 15.2% CAGR during the forecast period from 2020 to 2027. Location intelligence assists in spotting opening, pattern and the threat for the businesses, by way of facilitating the demographics, geography and the information about the site.

Drivers

The development in the portable navigation apparatuses, services for web mapping as well as the applications of smartphones, are the factors considerably adding to the development of the market for location intelligence.

Additionally, growing funds for IoT, increasing infiltration of smart apparatuses as well as the network infrastructure, are the additional reasons, estimated to boost the market for location intelligence. Consistent with GSMA, in 2018 the figure for IoT connections was 9.1 billion and is projected at more than 25.2 billion by 2027.

Additional benefits of location intelligence comprise concurrent tracking of inclination and patterns, prognostic analytics, along reorganization of the company operations and services. These factors are expected to boost the acceptance of the services of the location intelligence through the businesses which will power the expansion of the market. Increasing demand for location intelligence statistics to improve the business procedure plus to provide custom-made services is estimated to additionally stimulate the development of the location intelligence market.

Restraints

On the other hand, the concerns regarding data privacy and the need for infrastructure, plus additional operational risks and challenges tend to hamper the progress of the market for location intelligence. Some linked devices collect private information along with the active alive site of the users that set it at the threat of mistreating by the hackers along with such additional elements, intended for illegal and fraudulent tricks. This may affect negatively the development of the market, during the near future.

Effect of Covid-19

Counter to its associated industries such as semiconductors and consumer electronics, the infrastructure business for the communication and the data center is estimated to be additionally optimistic, by continual planned investments done, to sustain the augmented usage of data and the traffic on the system, used for distant working for the duration of the lockdown period. Due to the closure of the schools, the students are forced to make use of virtual classrooms, the governments utilizing services of business analytics for the communication of information regarding the virus, the requirement for interaction services and the associated infrastructure has observed, globally, an exceptional growth between the periods of the pandemic. Yet, past the pandemic, the digital services comprising telemedicine are estimated to keep on being accepted. This is, ensuring the sturdy development in the business of the communication infrastructure.

Regional Lookout

By Region, the global location intelligence market can be classified as North America, Europe, Asia Pacific, South America, and Middle East & Africa. Due to the existence of important IoT and location intelligence establishments, like GE, HERE, Apple, Bosch, Qualcomm, and Google, North America retained the principal share of the market, in 2019. The region is distinguished by the speedy acceptance of fresh technologies, superior connectivity, and strong infrastructure of IT.

On the other hand, due to the progression in networking technology, an increasing number of smartphone consumers, the growing figure of service providers along with the growth of social media, Asia Pacific is estimated to record the highest development, during the period of the forecast.

Companies

Some of the companies for the location intelligence market are Trimble Inc., HERE Technologies, Qualcomm Technologies, Pitney Bowes Inc., and Bosch Software Innovations GmbH, Wireless Logic, Apple Inc. The companies are concentrating on mergers & acquisitions with budding and small-scale companies to increase the share of the market, considerably, by expanding their services and the range of the products. Keeping this viewpoint, IBM’s partnership with Map box permitted the users of the Watson platform to collect geo data and trace a range of data associated with the location.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends from 2016 to 2027 in each of the sub-segments. For this study, Million Insights has segmented the global location intelligence market report based on application, service, vertical, and region:

• Location Intelligence Application Outlook (Revenue, USD Million, 2016 - 2027)
    • Workforce Management
    • Asset Management
    • Facility Management
    • Risk Management
    • Remote Monitoring
    • Sales & Marketing Optimization
    • Customer management
    • Others

• Location Intelligence Service Outlook (Revenue, USD Million, 2016 - 2027)
    • Consulting
    • System Integration
    • Others

• Location Intelligence Vertical Outlook (Revenue, USD Million, 2016 - 2027)
    • Retail and Consumer Goods
    • Government & Defense
    • Manufacturing & Industrial
    • Transportation & Logistics
    • BFSI
    • IT & Telecom
    • Utilities & Energy
    • Media & Entertainment

• Location Intelligence Regional Outlook (Revenue, USD Million, 2016 - 2027)
    • North America
        • The U.S.
        • Canada
        • Mexico
    • Europe
        • The U.K.
        • Germany
        • France
        • Italy
        • Spain
        • Russia
    • The Asia Pacific
        • India
        • China
        • Japan
        • South Korea
    • South America
        • Brazil
        • Argentina
    • Middle East & Africa (MEA)