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) includes the collection and analysis of geodata related to specific requirements for making informed and rational business decisions. They are commonly deployed across corporate spaces and organizations for collecting and compiling big data to further assist in detecting trends and patterns related to the particular industry as well as gaining unique insights into consumer behaviors. Apart from this, it is also utilized by government agencies for impacting public safety. Combating fraud and abuse, and allocating resources across the globe.
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:
The global market is majorly driven by the continual improvements in the network infrastructure across the globe. With rapid digitization across numerous industries and the increasing preference for the Internet of Things (IoT), there has been a considerable increase in the generation of large volumes of unstructured business data. LI is widely employed for organizing the data in an effective manner that benefits the organization by providing details about consumer trends and improving existing business intelligence (BI) and analytics capabilities.
Moreover, LI also finds extensive applications in the banking, financial services, and insurance (BFSI) sector for detecting fraud and avoiding flagging legitimate charges. Some of the other factors contributing to the market include the advent of 5G connectivity, growing applications in charging point rollout for electric vehicles (EVs), and widespread adoption in the education sector.
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Global Location Intelligence Market 2022- 2027 Analysis and Segmentation:
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.
- ESRI
- 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:
- Consulting
- System Integration
- Other
Breakup by Application:
- Sales and Marketing Optimization
- Remote Monitoring
- Workforce Management
- Asset Management
- Facility Management
- Risk Management
- Customer Management
- Others
Breakup by End-Use Industry:
- Transportation and Logistics
- Retail and Consumer Goods
- Government and Defense
- Manufacturing and Industrial
- IT and Telecom
- Other
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
Note: 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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