The Global Location Analytics Market is accounted for USD 8.40 billion in 2017 and is projected to grow at a CAGR of 18.11% the forecast period of 2018 to 2025. The Location Analytics Market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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New and higher version location analytics is the real time location analytics. Real time location resolutions in assembling division are foreseen to develop at an impressive rate in not so distant future attributable to the requirement for compelling assembling condition with prime operational benefit. This real time location analysis can be connected to organizations, for example, dispatch and postal administrations, which need to monitor the areas of conveyance vehicles and bundles progressively. Location analytics can likewise be connected to logical and fiasco avoidance endeavors. Notable information can be imagined in a guide to indicate which territories are customarily influenced by flooding and to center against flooding endeavors to those zones. The location analytics advertise is watching increased development as of late, inferable from the developing interest for choosing area and geospatial examination to enhance hazard investigation, deals and showcasing. This has made it an unpreventable alternative for little and medium organizations (SMBs) and expansive endeavors to actualize area examination for administration of in-house scientific foundation. The compensation per utilize plan of action of location analytics helps organizations in sparing an extensive piece of the operational expenses. Key players in global location analytics market are
- Cisco Systems, Inc.
- Oracle Corporation
- Pitney Bowes Inc.
- SAP SE
Others: SAS Institute Inc., Teradata Corporation, TIBCO Software Inc., Microsoft, Google, Alteryx, deCarta, Trimble Navigation, Placecast, Mexia Interactive, Euclid, Radius Network, Environmental Systems Research Institute, Inc. (ESRI), Hexagon AB, Altergeo, Apple, CartoDB, Geoloqi, Fatmap, Mapillary, Mapbox, Mapita, SparkGeo and Skyhook Wireless. The Location Analytics Market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of industrial agitation market for global, Europe, North America, Asia Pacific and South America.
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- The global location analytics market is based on
- Based on application, the global location analytics market is segmented into Risk Management, Emergency Response Management, Customer Management, Remote Monitoring, Supply Chain, Planning and Optimization, Sales and Marketing Optimization, Predictive Assets Management, Inventory Management and Others (Workforce Monitoring).
- Based on software, the global location analytics market is segmented into Geocoding and Reverse Geocoding, Data Integration and Extract, Transform, and Load, Reporting and Visualization, Thematic Mapping and Spatial Analysis, Content Accelerator and Geo-fencing and Others (Database Management System and Socio-Demographic Data).
- Based on the deployment Model, the global location analytics market is segmented into On- Premises and Hosted.
- Based on the service, the global location analytics market is segmented into Consulting Services, System Integration and Deployment, Data Maintenance and Creation and Managed Services.
- Based on the industry vertical, the global location analytics market is segmented into BFSI (Banking, Financial Services and Insurance), Retail and Consumer Goods, Government and Defense, Healthcare and Life Sciences, Manufacturing, Telecommunications and IT, Energy and Utilities, Transportation and Logistics, Media and Entertainment and Others (Education, Travel & Hospitality, and Real Estate).
- Based on geography, the global industrial agitation market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.
- Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
- Deployment Model
- Industry Vertical
- Geographical Segments
The Market Drivers for the Location Analytics Market are as follows:-
- Evolution of internet of things (IoT).
- Rising amount of spatial data & analytical tools.
- Increased focus on market (customers) and competitive intelligence including compliance management.
The Major Restraints:-
- Cyber Attacks followed by data theft.
- Lack of connectivity.
- Improper data integration.
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