Location As A Service Research Report by Forecast to 2023
Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)
Location As A Service Location As A Service
Market Research Future (MRFR), in its newly published research report, asserts that the global market is booming and expected to grow exponentially over the review period, reaching an exponential market valuation at USD 99 Billion by 2023, at healthy 32% of CAGR in the forecast period between 2017 and 2023.
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Location As A Service
“Taste the market data and market information presented through more than 50 market data tables and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on Internet of Location As A Service Forecast To 2023�
Augmented utilization of smartphones and smart devices that are equipped with global positioning systems, fast development of consumer electronics industry, growing demand automobiles that are implanted with navigation system, better reliance of mobility-ondemand applications on global positioning system as their operative platform, and improved affordability of smartphones are majorly driving the growth of the Location As A Service during the assessment period.
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Location As A Service Regional Analysis The component is segmented into software, hardware, and others. the hardware segment was the major contributor in 2018 and is slated to grow at the highest rate in terms of CAGR in the the location-based services market forecast period due to the advent of digitalization among numerous industry verticals and high penetration of smartphones among individuals across the globe. The rise in the penetration of smartphones, along with increased adoption of 3G and 4G networks, drives the growth of the market. Major players are increasingly developing low-priced GPS and other components to cater to the demand of consumers. An increase in the deployment of mobile commerce and social media activities is anticipated to further complement the growth of hardware components in the LBS market. In addition to these, the services segment is expected to grow at the highest rate due to an increase in demand for services-asa-solution in digital transformation activities among end use verticals, especially in emerging economies.
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Location As A Service Application & Major Players in this Research: Location As A Service Prominent Players: •
Cisco systems (U.S.)
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Google Inc. (U.S.)
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Ericsson (Sweden.)
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IBM Corp. (U.S.)
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Qualcomm (U.S.)
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Location Labs (U.S)
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LocationSmart (U.S)
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Location As A Service
segmented on the basis of Segment:
The connectivity type is segmented into wired, wireless and others. The technology is segmented into GPS, GPRS, RFID, GIS, and othe The adoption of wireless signals, such as Wi-Fi as well as Bluetooth, for internal navigation is on the rise due to the advent of person wireless communication technologies and the proliferation of personal communication devices. Additionally, increasing the focus organizations on customer centricity and wearable technologies are some of the factors driving the indoor location service market.
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