Location-Based Services (LBS) and Real Time Location Systems (RTLS) Market to Register a Strong Growth By 2025

Global Location-Based Services (LBS) and Real Time Location Systems (RTLS) Market: Overview

Location-based services (LBS) and real time location systems (RTLS) are being brought into use more than ever. LBS uses real-time geo-data from smartphones or a mobile device to deliver information, security or entertainment. To identify the current geo location of a target, RTLS comes into play.

Based on location, the market can be segmented into indoor location and outdoor location. On the basis of technology, the market may be classified into microwave, satellite, and infrared remote sensing, Wi-Fi/WLAN, Beacons, and more. Based on software, the market can be segmented into geospatial transformation and load (GTL), reporting and visualization, risk analytics and threat prevention, geocoding and reverse geocoding, location analytics, context accelerator and geofencing, and other software. Based on application area, the market can be divided into banking, financial services, and insurance (BFSI), defense, government and public utilities, industrial manufacturing, healthcare and life sciences, retail and e-commerce, transportation and logistics, and others.

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The TMR Research report presents a detailed analysis of drivers and restrictions influencing the global location-based services (LBS) and real time location systems (RTLS) market. It also offers insights into the various segments and regions of the market.

Global Location-Based Services (LBS) and Real Time Location Systems (RTLS) Market: Key Trends

The market for global location-based services (LBS) and real time location systems (RTLS) has increased over the years due to rise in the number of smart phone users, higher adoption of business intelligence, and increasing market competitiveness.

By generating huge amount of data – healthcare and life sciences are the chief contributors to the application segment of the global location-based services (LBS) and real time location systems (RTLS) market. Several customer-centric organizations such as hospitals use location convenience to offer their services. The Geographic Information System (GIS) technology offers diverse solutions such as efficiency in reporting and field data collection, and through spatial statistics and online mapping, it backs disease surveillance & analysis. Advanced LBS and RTLS technologies provide security from imminent threats, therefore, these software solutions have become essential and have in turn increased the demand from various sectors.

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Global Location-Based Services (LBS) and Real Time Location Systems (RTLS) Market: Regional Analysis

The global location-based services (LBS) and real time location systems (RTLS) market can be segmented on the basis of geography into the Americas, Asia Pacific, Europe, and Rest of the World. China and India – rapidly growing economies of Asia Pacific – positively impacted the growth of the global location-based services (LBS) and real time location systems (RTLS) market. Governments’ initiatives to standardize LBS and RTLS technologies and rising demand for enhancing the supply chain operations are a few of the key factors driving the market. Additionally, a large pool of working population, developing technology hubs, and affluent countries, such as Singapore, South Korea, and Hong Kong have expanded the competitive environment in the region

Global Location-Based Services (LBS) and Real Time Location Systems (RTLS) Market: Key Players

The report profiles some of the prominent competitors operating in the global location-based services (LBS) and real time location systems (RTLS) market. It also offers insights into the threats and opportunities that the companies are expected to witness in the coming years. Cisco systems, Google Inc., IBM Corp., Microsoft Corp., Oracle Corp., Qualcomm, ESRI, Zebra Technologies, Ericsson, and Teldio are a few of the key players in the market.

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 The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

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