Product ID: UCMIG25S2004
Location-Based Services (LBS) Market Size, Share, Growth Analysis, By Type(Location, Navigation), By Application(Mobile Phone, Automotive), By Region(North America, U.S.) - Industry Forecast 2024-2031
Report ID:
UCMIG25S2004 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Location-Based Services (LBS) Market Insights
Market Overview:
The main factors propelling the growth of the location-based services market are the surge in the use of location-based services for enhancing agricultural practices, the proliferation of location-based services in the retail industry, and the growing significance of location-based services in strategic planning and crime analysis. Additionally, this market is growing thanks to increased internet usage. Additionally, owing to the high acceptance of user-friendly LBS solutions and major investments in the defence, retail, military, and public transportation sectors, LBS is expected to hold a sizeable market share in nations like India, China, Singapore, and others. The market is propelled by an increase in the number of industries, including manufacturing, construction, real estate, tourism, and others; a rise in smartphone adoption and location-enhanced marketing; and integration of location-based search with social networking websites, which is expected to create lucrative opportunities for location-based services during the forecast period.
Location-Based Services (LBS) Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
To get more reports on the above market click here to
Get Free Sample
Get Free Sample
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Specialized Consumer Services by segment aggregation, the contribution of the Specialized Consumer Services in Consumer Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Location-Based Services (LBS) Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
