Learn about the global location-based services market through The Business Research Company, which provides information on location-based services market size, location-based services market drivers and restraints, location-based services market players, the COVID-19 impact on the location-based services market, and more.

The global location-based services market size is expected to grow from $55.92 billion in 2021 to $70.16 billion in 2022 at a compound annual growth rate (CAGR) of 25.5%. The global location-based service market size is expected to grow to $114.9 billion in 2026 at a CAGR of 15.5%.

Upsurge in the use of smartphones/GPS-enabled devices is expected to propel the growth of location-based services.

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The location-based services market consists of sales of location-based services by entities (organizations, sole traders, and partnerships) that are used to provide information on the location. These services are based on the location of a mobile user as determined by the device’s geographical location and use real-time geodata from a smartphone to provide information, entertainment or security. Location-based services use the device location for the information and are applicable in the areas such as directions, local advertisement, and local news.

 Global Location-Based Services Market Segments Include:
By Component: Platform, Hardware, Services

By Location Type: Indoor, Outdoor

By Technology: GPS, Assisted GPS (A-GPS), Enhanced GPS (E-GPS), Enhanced Observed Time Difference (E-OTD), Observed Time Difference, Cell ID, Wi-Fi, Others

By Application: Location-Based Advertising, Business Intelligence and Analytics, Fleet Management, Mapping and Navigation, Social Networking and Entertainment, Proximity Marketing, Asset Tracking, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the location-based services market in 2021.

Advancement in technology is a key trend gaining popularity in location-based services. Many companies are launching new advancements in location-based services to gain edge over their competitors.

TBRC’s Location-Based Services Market Report Covers:
Major Market Players: Apple Inc., Cisco Systems, Inc., Google LLC, Intel Corporation, Ericsson, Microsoft Corporation, Oracle Corporation, Qualcomm Inc., Navigine, IBM, CommScope, HERE, ALE International SAS, AT&T Inc., AiRISTA Flow, Quuppa, and NTT Docomo.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Location-Based Services Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides location-based services market overviews, analyzes and forecasts market size, share, location-based services market players, location-based services market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s location-based services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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