The latest research report by Emergen Research, named ‘Global Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market - Forecast to 2032’, entails a comprehensive review of the global Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe. The study is inclusive of a profound analysis of this business sphere focuses on the overall remuneration of the market over the projected period. The study also includes significant information pertinent to the Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market industry, particularly the current COVID-19 scenario.
Location-Based Services (LBS) and Real-Time Location Systems (RTLS) are two distinct technologies that have revolutionized the way we live and work. LBS is a mobile application that utilizes the location of a user to provide relevant information, while RTLS is a system that tracks the location of assets or people in real-time. The market for these technologies has been growing rapidly in recent years, driven by a number of factors.
The global Location-Based Services (LBS) And Real-Time Location Systems (RTLS) market size is expected to reach USD 113.27 Billion in 2032 and register a steady revenue CAGR of 17.6% during the forecast period, according to latest analysis by Emergen Research. The increasing adoption of smartphones and mobile devices, along with the growth of IoT technology, are some of the major factors driving the market growth. Additionally, the need for better supply chain management and the growing demand for location-based advertising are also contributing to the expansion of the LBS and RTLS market.
One of the major drivers of the market is the increasing demand for location-based advertising. Location-based advertising allows businesses to target potential customers in a specific location, based on their interests and preferences. According to a report by the Interactive Advertising Bureau, 70% of consumers are more likely to make a purchase from a business that uses location-based advertising. This has led to an increased adoption of LBS technology by businesses across various industries.
Key players in the market AiRISTA Flow, Inc., Apple Inc., Hewlett Packard Enterprise Development LP, CenTrak, Inc., Cisco Systems, Inc., Telefonaktiebolaget LM Ericsson, Esri, GE HealthCare, Google, and HERE
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Competitive Terrain:
The Global Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length.
Market Overview:
The report bifurcates the Location-Based Services (LBS) And Real-Time Location Systems (RTLS) market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
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Our experienced market research team has provided updated information on the ongoing COVID-19 pandemic and its adverse economic impact in the latter segment of the report. The coronavirus outbreak has led to drastic changes in the current Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market business landscape, limiting the growth opportunities for various manufacturers and buyers for the next few years. Besides making speculations about the market’s post-COVID-19 scenario, the report discusses its existing situation.
Segments Covered in this report are:
Component Outlook (Revenue, USD Billion; 2019–2032)
- Platform
- Services
- Hardware
Location Type Outlook (Revenue, USD Billion; 2019–2032)
- Outdoor
- Indoor
Application Outlook (Revenue, USD Billion; 2019–2032)
- Tracking and Navigation
- Marketing and Advertising
- Location-Based Social Networks
- Location-based Heath Monitoring
- Others
Regional Analysis of the Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market :
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Questions Answered in the Report:
- What is the growth rate of the Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market ? What is the anticipated market valuation of Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market industry by 2032?
- What are the key growth driving and restraining factors of the Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market ?
- Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
- What are the key opportunities and growth prospects of the Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market industry over the forecast period?
- Which region is expected to show significant growth in the coming years?
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TOC of the global Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market report:
Chapter 1, describes the Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market Introduction, market overview, product offerings, growth opportunities, market risks, driving forces, and challenges.
Chapter 2, analyzes the key manufacturers of Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market , along with the sales, revenue, and price of Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market , in the forecast period.
Chapter 3, studies the competitive situation among the major manufacturers and vendors, with sales, revenue, and market share.
Chapter 4, analyzes the global market by regions, with sales, revenue, and market share of Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market, for each region, from 2020 to 2032.
Chapters 5, 6, 7, 8 and 9, analyze the Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market by type, application, regions, and manufacturers, with sales, revenue, and market share by key countries in these regions…Continued
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