In this rapidly changing world of technology, major factors that are driving the growth of the location of things market include increasing importance of spatial data, democratization of geospatial data for IoT applications, and increase in the adoption of location-based applications across various verticals.
Based on location type, the indoor location segment is expected to grow at a higher CAGR during the forecast period. The technology helps in recording the real-time monitoring of data to visualize the visitor’s behavior and preferences. Earlier, global positioning system (GPS) was used to visualize the visitor’s actions. But, due to incapability of receiving signals due to hard walls, the indoor location technology was introduced. On the basis of application, the IoT location intelligence segment is expected to grow at the highest CAGR during the forecast period.
The location of things market is growing rapidly over 35% of CAGR and is expected to reach at USD 38 billion by the end of forecast period.
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Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Location Of Things Market Research Report-Forecast to 2023”.
- Bosch Software Innovations Gmbh (Germany),
- ESRI (U.S.),
- Qualcomm Technologies, Inc. (U.S.),
- Wireless Logic (U.K.),
- Ubisense Group Plc. (U.K.),
- Google, Inc. (U.S.),
- IBM Corporation (U.S.),
- Microsoft Corporation (U.S.),
- Pitney Bowes (U.S.),
- HERE (U.S.) among others.
Study Objectives of IoT Gateways Market:
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the location of things market.
- To provide insights about factors affecting the market growth.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
- To provide country level analysis of the market with respect to the current market size and future perspective.
- To provide country level analysis of the market for segmentation on the basis of location type, application and vertical.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for location of things market.
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the location of things market.
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Location of things Market Segmentation
The location of things market has been segmented on the basis of location type, application type, vertical and regional. The application segment comprises of mapping and navigation, location based customer engagement and advertising platform, location based social media monitoring, IoT asset management and IoT location intelligence.
The mapping and navigation type in the application segment accounted for the largest share in the location of things market. It is used to study and analyze data or the image generated. Spatial extraction, transformation and load enables organizations to control the data flow and mapping the characteristics of the source data with the destination data. The integration of GIS and interactive mapping of technology offers comprehensive solutions for workforce management.
The retail segment is expected to show a significant growth during the forecast period. Retail is all about integrating advanced technologies with the existing infrastructure. It helps in delivering real-time offers to customers. Retailers can find ways to maximize product distribution by linking e-commerce and location based technologies.
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The regional analysis of location of things market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America would dominate the location of things market owing to massive technological progress and a subsequent solid internet infrastructure.
Also the presence of strong domestic solution providers have contributed to the growth of the market in this region. North America is home to a large number of domestic solution providers, who have accelerated the growth in that region.
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