Skip to main content

Location Based Services (LBS) Market Revenue, Trends, Size, Key Players and Opportunities by 2023

The global location based services market is driven by a number of factors, including surging market of smartphone and tablets in the developing countries, availability of low-cost GPS devices, advancement in analytical capabilities in communication technology, increasing use of vehicle tracking and management and the expansion of 3G and 4G internet services in developing markets.
Image result for Location Based Services (LBS
The potential market opportunity for location based services lies in the rise of mobile devices and accessing customers’ desire for WiFi services for optimizing customer engagement, increasing number of visits and reside times of consumers, facilitating remote assistance, and inspiring additional purchases through relevant communications. Moreover, LBS can also be used in retail “showrooming” (exploring in-store products, comparing prices online, and then buying them from a competitor online) and offering a more effective omni-channel strategy. Further, opportunity such as wayfinding and remote assistance can be provided by LBS to allow customers more self-sufficient.
Based on the end user industries the global location based services market can be bifurcated as (Fast Moving Consumers Goods) FMCG, telecom, retail, automotive, consumer durables, oil and gas, and healthcare. Location-based services enable retailers a better understanding of customer behavior in a particular physical location. It facilitates a complete data on the customer needs; this deeper statics on consumer behavioral facilitate deeper insight of store traffic patterns of consumers, such as visit frequency of the consumers and missed opportunities.
Asia Pacific was the largest market for location based services. The market dominance of Asia Pacific is attributed to the presence of a large number of smart phone users in the region. Country wise China is the largest LBS market in the world. The U.S. and Canada are two of the largest markets of LBS in North America.
Some of the major players operating in the global location based services (LBS) market include, Apple Inc., Google Inc., Micello Inc., Shopkick Inc., HP Enterprise Services LLC, Zebra Technologie, Cisco Systems Inc., CommScope Holding Company Inc., Ericsson Inc., IndoorAtlas Ltd., Microsoft Corp., NextNav LLC, Qualcomm Atheros Inc. and Skyhook Wireless Inc.

Comments

Post a Comment

Popular posts from this blog

Big Data Analytics in Healthcare Market - Huge Growth Opportunities, Technology, Revenue and Demand by 2023

The global big data analytics in healthcare market is growing at a CAGR of 21.8% during 2018–2023 and will reach $22.7 billion by 2023. The global big data analytics in healthcare market is also gaining interest due to the introduction of personalized healthcare systems and demand for high quality healthcare services. Through the adoption of big data, healthcare payers and providers are enhancing their capabilities by studying patient behavior towards a particular treatment and the diagnostic patterns, in order to provide them with customized and highly cost-effective services. Request for a free sample copy of this research report @  https://www.psmarketresearch.com/market-analysis/big-data-analytics-in-healthcare-market/report-sample Geographically, North America has been the largest big data analytics in healthcare market; however, the fastest growth during the forecast period is expected from Asia-Pacific. This can be attributed to factors such as advancement in big data te...
Post a Comment
Read more

Conditional Access System (CAS) Market Size, Share, Trends, Key Players, Demand and Opportunities by 2023

Conditional access systems (CAS) refer to content protection solutions used widely to control unauthorized contents or intruders to access to audio and video content. Generally, these systems are installed at the receiving end of audio and video such as digital set-tops boxes of the consumers. One of the most dominant factors driving the  conditional access system market  is the analog to digital transformation of the TV transmission in developing countries of the Asia Pacific. Request for a free sample copy of this research report @  https://www.psmarketresearch.com/market-analysis/conditional-access-system-market/report-sample With the growing demand of digital setup boxes from tier2 and tier3 cities of India and China the global conditional access market is expected to grow in coming years. Moreover the advancement in wireless broadcasting and media industry in the developed markets in Europe and North America is also expected to increase the demand of control ...
Post a Comment
Read more

Oil Free Compressor Market Analysis, Revenue, Trends, Competitive Analysis and Demand by 2023

The global  oil free compressor market  is driven by higher reliability, and lower installation and maintenance cost. The government regulations towards energy efficiency and environment protection are also expected to increase the market penetration of oil free compressors during the forecast period. The demand of superior air quality particularly in healthcare, textile and food and beverage industry is expected to the drive the growth of the global oil free compressor market. Request for a free sample copy of this research report @  https://www.psmarketresearch.com/market-analysis/oil-free-compressor-market/report-sample The custom based product design to match the end users requirement, along with enhanced service offering are the recent trends witnessed in the global oil free compressor market. The high competition among the oil free compressor manufacturing companies, along with lack of product innovation is hindering the growth of the global market. Asia-Pac...
Post a Comment
Read more