Location Analytics Market Foreseen to Grow Exponentially over 2017 – 2025
Global Location Analytics Market: Overview
The location analytics solutions market is gaining momentum over the past few years. The advent of Internet of Things (IoT) and the burgeoning large volume of data through connected devices are leading to the increased use of location analytics solutions. By leveraging real-time intelligence on connected devices, location analytics vendors have enabled the running of location analytics solutions at a minimal cost.
Location analytics involves interpreting and analyzing information in conjunction with its location or geographical component. It involves analyzing both real-time data and historic data.
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The location analytics market can be segmented by location type, application, service, vertical, component, software, deployment model, and region. In terms of component, services is expected to exhibit the highest growth rate; while the sub-segment of data maintenance and creation services is expected to display the highest demand.
The assessment of the vendor landscape is valuable for readers as analysts have not only distinguished the top vendors but also profiled them in detail. The SWOT analysis presented gives a clear understanding of each company’s strengths, weakness, opportunities, and threats during the forecast period ending in 2025.
Global Location Analytics Market: Drivers and Restraints
The location analytics market is rising rapidly and is pushed by trends such as increased use of market intelligence information for business growth, the evolution of IoT, and increasing volume of data across industry verticals. The use of real-time location analytics fulfills regulatory requirements of industry verticals such as retail and consumer goods, government and defense, energy and utilities, healthcare, and manufacturing.
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However, the market faces certain growth impediments as well. Concerns about data security and data privacy are the foremost factors holding back the market’s growth. Moreover, existing players are facing growth challenges with the increasing number of players offering location analytics tools and services. In addition, issues pertaining to low connectivity, data integration, and inadequate expertise in organizations are impeding this market’s growth. High initial costs for the setup of location analytics solutions and low returns on investments are also challenging the growth of the location analytics market.
Nevertheless, the high adoption of location analytics solutions in small and medium businesses (SMBs) will present growth opportunities for vendors in this marketplace.
Global Location Analytics Market: Regional Outlook
The report analyzes the global location analytics market in terms of its geographical reach. This market can be divided into the regional segments of North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. North America stands as a significant market in the global location analytics market. Asia Pacific is expected to emerge as a significant market due to the explosion of data through IoT devices and the ceaseless use of smart devices.
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Global Location Analytics Market: Competitive Outlook
Among the key vendors in the global location analytics market include SAS Institute Inc., ESRI (Environmental Systems Research Institute), Pitney Bowes, IBM Corporation, Cisco Systems, SAP SE, Tibco Software Inc., Oracle Corporation, Microsoft Corporation, Galigeo, and Alteryx Inc.
Key vendors in this market are focused on strategic alliances and partnerships for expanding their customer base and to enhance customer experience. For example, in 2016, IBM entered into a collaboration with Mapbox, which is one of the leading companies for providing mapping platform solutions for developers.
Development of innovative products is also what key players are focused on to gain a competitive advantage in this market space. For instance, in 2016, SAP launched its SAP Geographical Framework using which organizations can access geographic information from geographic information system (GIS) in order to enrich business applications.
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
- 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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