Global Location-based services (LBS) and real time location systems Market To Rear Excessive Growth
During 2018- 2025

Global Location-based services (LBS) and real time location systems (RTLS) Market According to Data Bridge Market Research new Market report — Industry Trends and Forecast is projected to reach USD 171.79 billion by 2025, at a CAGR of 30.0% during the forecast period of 2018 to 2025.

Global Location-based services (LBS) and real time location systems (RTLS) Market

The location based service and real time location systems are interconnected with each other and are becoming popular due to increasing use of smartphones. Real time location makes use of digital mapping facilities of modern smartphones and provide accurate locations tracking while location based service creates a platform for third party to use the location information for the various range of purpose.

It was found that around 80.0% of social media activities are performed on smartphones, and this social media allows to geo-tag their posts which results in tremendous amount location data being used.

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Major Players:

Some of the major players in this market are

· Apple Inc.,

· HERE,

· Micello Inc.

· Shopkick, Inc.

· AeroScout Industrial,

· Ekahau,

· HP Development Company,

· L.P,

· ZIH Corp,

· AISLE411,

· Broadcom.

· Telefonaktiebolaget LM Ericsson,

· Glopos Technologies,

· IndoorAtlas,

· Meijer Inc.

· Microsoft,

· Navizon Inc.,

· NextNav LLC.

· PoleStar,

· Qualcomm Technologies, Inc,

· Skyhook,

· Spirent Communications.

· STMicroelectronic,

· I Teldio Corp.,

· iinside Among others.

Segmentation:

The global market for location-based services and real time location systems by the following sub-categories is presented

By Location Type

· Indoor Location

· Outdoor Location

By Technology

· Satellite

· Microwave

· Infrared Remote Sensing

· OTDOA

· E-OTD

· RFID

· NFC

· Context-Aware Technology

· Wi-Fi/WLAN

· UWB

· BT/BLE

· Beacons

· A-GPS

· Others

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By Hardware

· Sensors

· Readers

· Tags

· Transponders

· Others

By Software

· Geocoding

· Reverse Geocoding

· Geospatial Transformation

· Load

· Reporting

· Visualization

· Location Analytics

· Context Accelerator

· Geofencing

· Risk Analytics

· Threat Prevention

· Others

By Service

· Consulting

· Advisory Services

· Deployment

· Integration

· Application Support

· Maintenance

By Application Area

· BFSI

· Defense

· Government

· Public Utilities

· Healthcare

· Life Sciences

· Industrial Manufacturing

· Media

· Entertainment

· Retail

· E-Commerce

· Transportation

· Logistics

· Others

By Geography

· North America

· South America

· Europe

· Asia-Pacific

· Middle East and Africa

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FACTORS DRIVING GROWTH IN THE GLOBAL LOCATION-BASED SERVICES (LBS) AND REAL TIME LOCATION SYSTEMS (RTLS) MARKET

Increasing use of technologies:

According to the survey conducted in U.S. between 2012–2015 on cellphone users who use internet and e-mail. It was found that in 2013 around 74.0% of Americans use their cellphone regarding information related to location and directions. In 2015 this number was significantly increased to 90.0%.

One of the most useful applications in location based service is ability to locate an individual calling on emergency number 911 in U.S. 112 in EU.

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