Location-Based Services Market-Size By Business Function, By Component, By Deployment Model, By End User, And Forecast Up to 2024 (Trending Report)

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment.

MarketsandMarkets projects the Location-Based Services (LBS) and Real-Time Location Systems (RTLS) market to grow from USD 16.0 billion in 2019 to USD 40.0 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 20.1% from 2019 to 2024. Generally, spatial data represents the location, size and shape of objects present on Earth, such as a buildings, lakes, mountains, or townships. It is considered that spatial data and analysis is extremely essential for companies to understand changing business trends and challenges across regions, which significantly drives market growth. The processing time in decision-making is often long, leading to flawed assumptions, which limits the applicability of information.

The increasing awareness among business executives about the benefits of LBS and RTLS analytics has further bolstered the growth of the market. LBS and RTLS solutions assist business executives in processing vast volumes of spatial data and gathering real-time insights into various business functionalities, which, in turn, helps companies to quickly tackle changing business conditions. For example, in the retail industry, spatial data enables retailers to uncover relationships between stores, products, and customer types—across a range of different parameters or metrics—that affects sales performance.

Fill This Form and get the Sample Copy of This Report: https://www.sdki.jp/sample-request-107115
The Final Report will cover the impact analysis of COVID-19 on this industry: Location-Based Services Market-Size By Business Function, By Component, By Deployment Model, By End User, And Forecast Up to 2024 (Trending Report)

By component, services segment to account for a higher market share during the forecast period
By component, the services segment is expected to hold a higher market share than the hardware and software segment during the forecast period. The services play a tricky part in the overall LBS and RTLS implementation process, especially for RTLS. Knowing the installation and maintenance details before deploying RTLS solutions plays a crucial role for determining the exact time and cost investment required to install the solution. For instance, some RTLS installations may take months and can affect staff productivity in environments, such as hospitals by creating interference and obstruction in the work place. On the other hand, some solutions such as Wireless Fidelity (Wi-Fi)-based RTLS solutions can be integrated with the existing wireless network infrastructure of the facility and therefore, require a shorter installation time. Other than installation and maintenance services, professional services, such as consulting, Return on Investment (RoI) analysis, and site inspection are also included in the services segment.

By service, deployment and integration segment to hold a larger market size during the forecast period
Among services, the deployment and integration segment is expected to hold larger market size than the application support and maintenance, and consulting and advisory services segment during the forecast period. Deployment and integration services take care of seamless integration of each location-based software and system, regardless of its technology. System integration provides facilities and frameworks for the integration of various platforms with third-party environments. This integration allows applications to run on other platforms and make indoor location-based solutions efficient and quick.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the LBS and RTLS market.

Download Sample PDF of this Report: https://www.sdki.jp/sample-request-107115
The Final Report will cover the impact analysis of COVID-19 on this industry: Location-Based Services Market-Size By Business Function, By Component, By Deployment Model, By End User, And Forecast Up to 2024 (Trending Report)

The breakup of the profiles of the primary participants is given below:
• By Company Type: Tier 1 – 42%, Tier 2 – 26%, and Tier 3 – 32%
• By Designation: C-Level – 40%, Director Level – 35%, and Managers–25%
• By Region: North America – 45%, Europe – 25%, APAC – 20%, and RoW – 10%

Research Coverage
The LBS and RTLS market is segmented by component (hardware, software and services), location type (indoor and outdoor), vertical, and region. A detailed analysis of the key industry players has been undertaken to provide insights into their business overviews; services; key strategies; new service and product launches; partnerships, agreements, and collaborations; business expansions; and competitive landscape associated with the LBS and RTLS market.

Reasons to Buy the Report
The report would help the market leaders and new entrants in the following ways:
• It comprehensively segments the LBS and RTLS market and provides the closest approximations of the revenue numbers for the overall market and its subsegments across different regions.
• It would help stakeholders understand the pulse of the market and provide information on the key market drivers, restraints, challenges, and opportunities in the market.
• It would help stakeholders understand their competitors better and gain more insights to enhance their positions in the market. The competitive landscape section includes competitor ecosystem, new service developments, partnerships, and acquisitions.

TABLE OF CONTENTS

1 INTRODUCTION 19
1.1 OBJECTIVES OF THE STUDY 19
1.2 MARKET DEFINITION 19
1.3 MARKET SCOPE 20
1.3.1 MARKET SEGMENTATION 20
1.3.2 REGIONS COVERED 21
1.3.3 YEARS CONSIDERED FOR THE STUDY 21
1.4 CURRENCY CONSIDERED 21
1.5 STAKEHOLDERS 22
2 RESEARCH METHODOLOGY 23
2.1 RESEARCH DATA 23
2.1.1 SECONDARY DATA 24
2.1.2 PRIMARY DATA 24
2.1.2.1 Breakdown of primary profiles 25
2.1.2.2 Key industry insights 25
2.2 MARKET BREAKUP AND DATA TRIANGULATION 26
2.3 MARKET SIZE ESTIMATION 26
2.3.1 TOP-DOWN APPROACH 27
2.3.2 BOTTOM-UP APPROACH 27
2.4 MARKET FORECAST 28
2.5 COMPETITIVE LEADERSHIP MAPPING RESEARCH METHODOLOGY 29
2.6 ASSUMPTIONS FOR THE STUDY 30
2.7 LIMITATIONS OF THE STUDY 31

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:

Shibuya Data Count
Email: [email protected]
Tel: + 81 3 45720790

Christophe Rude