According to the latest report by IMARC Group, titled “Location Intelligence Market Report: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022- 2027”, the global location intelligence market reached a value of US$ 14.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 33.9 Billion by 2027, exhibiting a CAGR of 15.8% during 2022-2027. Location intelligence (LI) refers to a method of collecting insights from geospatial data to solve specific problems across numerous industries. It is built on geographical information system (GIS) tools to provide analytical and operational business solutions and detect risks and patterns. It enables enterprises to identify customer behavior, consumer trends, and information about niche markets to deliver better products and services, make better decisions and mitigate the uncertainties in the market. It is gaining traction across the globe to understand the interaction of data-generating elements in relation to their geographical relations in the cities, conduct predictive analytics, real-time tracking of patterns and trends, risk management, and streamlining of the services and operations of companies.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Location Intelligence Market Trends:
Considerable increase in data generation across the corporate sector is driving the global market. This can be attributed to rapid digitalization and the growing adoption of the Internet of Things (IoT)-enabled devices. Moreover, the emergence of web-mapping services and portable navigation devices, along with the growing penetration of smart devices and network services for better connectivity, is supporting the demand for location intelligence solutions across the globe. Furthermore, the increasing incorporation of location intelligence methods across several verticals, such as transportation and logistics, retail and consumer goods, government and defense, and utilities and energy, is creating a positive market outlook. Other factors, including the escalating new product launches due to the rising mergers and acquisitions and extensive research and development (R&D) activities, are also positively influencing the market growth.
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Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players
- Autodesk Inc.
- HERE Global B.V.
- Liberty Broadband Corporation
- Navizon Inc.
- Pitney Bowes Inc.
- Qualcomm Technologies inc
- SuperMap Software Co. Ltd.
- TIBCO Software Inc.
- Trimble Inc.
- Wireless Logic Limited.
Breakup by Service:
- System Integration
Breakup by Application:
- Sales and Marketing Optimization
- Remote Monitoring
- Workforce Management
- Asset Management
- Facility Management
- Risk Management
- Customer Management
Breakup by End-Use Industry:
- Transportation and Logistics
- Retail and Consumer Goods
- Government and Defense
- Manufacturing and Industrial
- IT and Telecom
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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