Stratview Research delivers key insights on the global Location based services Market. According to Stratview Research, the market is segmented by Location type (Indoor, Outdoor), Service type (Professional, Managed), End-user Industry type (FMCG and E-commerce, Retail, Healthcare, IT and Telecom, Transportation, Oil and Gas, Other), and Rest of the World [Brazil, Argentina, and Others]).
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The report suggests that the overall Location based services Market was estimated to grow from USD 36.4 billion in 2020 to USD 111.1 billion by 2026 at a CAGR of around 20.9% during the forecast period.
Market Segments Analysis
End-user Industry Type
The market has been bifurcated into FMCG and E-commerce, Retail, Healthcare, IT and Telecom, Transportation, Oil and Gas, Other. The FMCG segment accounted for the largest market share in 2020.
The market is expected to be dominated by Asia Pacific. China is not only a major regional market for LBS, but also a market, owing to significant growth in investments in infrastructure and technological capabilities, combined with internet and mobile penetration, but the country holds a prominent position in the region as well as the market.
The following are some of the key players in the location based services market:
- Ericsson (US)
- ESRI (US)
- GE Healthcare (US)
- Google (US)
- HERE (Netherlands)
- IBM (US)
FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for location based services market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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