Technology & Telecommunications

According to a market report by Lucintel, the future of the location analytics market looks promising with opportunities in the retail, manufacturing, government & defence, media and entertainment, transportation and logistics, energy and utilities, telecom and IT, healthcare, tourism & hospitality, banking & financial services, insurance, education, and real estate sectors. The global location analytics market is expected to grow with a CAGR of 13% to 15% from 2023 to 2028. The major drivers for this market are growing adoption of artificial intelligence (AI) & machine learning (ML) based location analytics solutions and growing need for location analytics across industries so that people can keep track of local information to use it in making business decisions.



Outdoor location and indoor location are the major segments of location analytics market by location type. Lucintel forecasts that outdoor location will remain the larger segment over the forecast period due to the growing use of outdoor analytics systems by the industries to monitor their immovable assets and rising number of outdoor applications for geospatial and positioning solutions.



Within this market, large enterprises will remain the largest segment by organization size over the forecast period due to the increasing demand for location data among businesses seeking to better monitoring and routing of people and goods and growing demand for the wireless devices and location sensors among the large enterprises.

North America will remain the largest region due to the government collaboration with the key technology players and increasing use of location analytics to collect location data in order to prevent virus spread & maintain social distance among citizens in the region.

IBM, Google, Oracle, Microsoft, and Esri are the major suppliers in the global location analytics market.  

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global location analytics market by component, deployment mode, organization size, location type, application, end use industry, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Location Analytics Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global location analytics market by component, deployment mode, organization size, location type, application, end use industry, and region, as follows:

 

Location Analytics Market by Component [Value ($B) Shipment Analysis from 2017 to 2028]:

·Solutions

- Geocoding and Reverse Geocoding

- Data Integration and ETL

- Reporting and Visualization

- Thematic Mapping and Spatial Analysis

- Others

·Services

- Professional Services

- Consulting

- Support and Maintenance

- Deployment and Integration

·Managed Services

Location Analytics Market by Deployment Mode [Value ($B) Shipment Analysis from 2017 to 2028]:

- Cloud

- On-Premises

Location Analytics Market by Organization Size [Value ($B) Shipment Analysis from 2017 to 2028]:

- Large Enterprises

- Small and Medium-Sized Enterprises

Location Analytics Market by Location Type [Value ($B) Shipment Analysis from 2017 to 2028]:

- Outdoor Location

- Indoor Location

Location Analytics Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:

Location Analytics Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:

- North America

- Europe

- Asia Pacific

- The Rest of the World





About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers the following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the location analytics market by component (solutions, services, and managed services), deployment mode (cloud and on-premises), organization size (large enterprises and small and medium-sized enterprises), location type (outdoor location and indoor location), application (risk management, emergency response management, customer experience management, remote monitoring, supply chain planning and optimization, sales and marketing optimization, location selection and optimization and others), end use industry (retail, manufacturing, government & defence, media and entertainment, transportation and logistics, energy and utilities, telecom and IT, healthcare, tourism and hospitality, banking and financial services, insurance, education, and real estate), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?