The global location analytics market size reached USD 14.05 Billion in 2020 and is expected to register a CAGR of 15.3% during the forecast period, according to latest analysis by Emergen Research.
The Global Location Analytics Market Research Report published by Emergen Research has been formulated by analysis of key business details and extensive geographical spread of the Location Analytics Market. The study offers comprehensive coverage of the qualitative and quantitative analysis of the Location Analytics Market along with crucial statistical data about the Location Analytics Market. The research study provides historical data from 2017 to 2018 and offers accurate forecast estimation until 2028. The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.
Global location analytics market revenue growth is expected to be driven significantly by increasing application of spatial data and analytics across various industries. Increasing use of social networks for customer engagement is also expected to act as a catalyst for revenue growth of the global location analytics market going ahead. Rising demand for geographical predictive analytics is expected to further boost revenue growth of the global location analytics market revenue in the near future.
However, concerns regarding regulations and data privacy of location analytics solutions are expected to hamper growth of the global location analytics market to a certain extent over the forecast period.
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Some Key Highlights from the Report
- Solution segment revenue is expected to expand at a significant CAGR during the forecast period. Rising adoption of location analytics solutions among end-users is expected to boost revenue growth of this segment going ahead.
- The indoor segment is expected to lead in terms of revenue over the forecast period due to increasing use of smartphones with technologically advanced location-based services.
- The sales marketing optimization segment is expected to lead in terms of revenue over the forecast period due to increasing use of location analytics to optimize marketing and sales by executing different marketing and advertisement activities based on location data.
The report further divides the Location Analytics market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Location Analytics market.
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Location Analytics Market Segmentation
Emergen Research has segmented the global location analytics market on the basis of component, location, application, end-use, and region:
- Component Outlook (Revenue, USD Billion; 2018–2028)
- Services
- Solution
- Location Outlook (Revenue, USD Billion; 2018–2028)
- Indoor
- Outdoor
- Application Outlook (Revenue, USD Billion; 2018–2028)
- Customer Experience Management
- Risk Management
- Remote Monitoring
- Emergency Response Management
- Sales Marketing Optimization
- Supply Chain Planning and Optimization
- Location Selection and Optimization
- Others
- End-Use Outlook (Revenue, USD Billion; 2018–2028)
- Manufacturing
- Healthcare
- BFSI
- Media and Entertainment
- IT Telecom
- Retail Consumer Goods
- Transportation and Logistics
- Energy and Utilities
- Government
- Others
Regional Segmentation
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The report also studies the key companies of the Location Analytics market along with analysis of their business strategies, MA activities, investment plans, product portfolio, financial standing, gross profit margin, and production and manufacturing capacities.
Some players analyzed in the report are:
Google LLC, Esri Global Inc., Precise.ly Inc., TomTom N.V., Zebra Technologies Corporation, Alteryx, Inc., Sparkgeo Consulting Inc., PlaceIQ, Inc., Geoblink SL, and Galigeo
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Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Location Analytics market?
What are the key product types and applications of the Location Analytics industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Location Analytics market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
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