1. Market Research
  2. > Consumer Goods
  3. > Consumer Electronics
  4. > Navigation Systems Market Trends
Location-Based Services and Real-Time Location Systems Market by Location Type, Software, Hardware, Service, Vertical And Region - Global Forecast to 2023

Location-Based Services and Real-Time Location Systems Market: Global Forecast until 2023

  • July 2018
  • 183 pages
  • ID: 4507362
In this report:
The retail and eCommerce segment holds the largest market size and is expected to grow from USD ##,##.## million in 2018 to USD ##,##.## million by 2023, at a CAGR of ##.##%.
The global LBS and RTLS market is expected to grow from USD ##.## billion in 2018 to USD ##.## billion by 2023, at a Compound Annual Growth Rate (CAGR) of ##.##% during the forecast period.

Summary

Table of Contents

Search Inside

The Location-Based Services and Real-Time Location Systems market is expected to rise at a Compound Annual Increase rate of 25.40 percent during the forecast period

The overall LBS and RTLS market size is forecasted to grow from ~$22.2B in 2018 to ~$68.8B by 2023, at a compound annual growth rate (CAGR) of 25.4% during the forecast horizon. The main factors that are forecast to steer the increase of the LBS and RTLS market contain the increasing demand for mobile and web apps, growing use of smartphones for advertisement, and implementation of digital transformation strategy. Additionally, rising investment in analytics technology is one of the biggest and most important factors resulting in the market rise. Nevertheless, lack of skilled professionals and non-uniformity of data hamper the market increase.

Retail and eCommerce vertical is anticipated to have the biggest market share during the outlook period

LBS and RTLS play a vital role in managing retail apps to offer an enhanced user experience.LBS and RTLS in retail improve the traditional way of understanding customer buying behavior and offer a digital platform for clients and sellers to interact and build trustworthy relationship.

For example, social networking platforms including Facebook, Instagram, and WhatsApp have changed the shopping experience with the help of LBS and RTLS technologies, which make it easier to understand user interest and offer them the right product, advertisement, or campaign that influences the customer and improves the whole buying-selling experience.

North America (NA) is forecasted to have the biggest industry size and Asia-Pacific is expected to grow at the maximal rate during the estimate period

The high market share of the North American area is due to the presence of a important number of LBS vendors in the US area.The territory has also witnessed the proliferation of startups in LBS and RTLS market.

Out of 340 startups analyzed, 79.0 percent startups are from the North American area. Moreover, due to robust development in infrastructures in terms of smart cities, smart buildings, and smart transportation in the area, the US market for LBS and RTLS is forecasted to dominate the global North American market.

Asia Pacific (APAC) is anticipated to grow at the highest compound annual growth rate (CAGR) during the outlook period, which is attributed to the fact that it is attesting a dynamic change in the adoption of LBS and RTLS across multiple verticals.Existence of a big population, developing technology, and important rise in countries including China (CN), India (IN), Australia (AU), Japan (JP), Singapore (SG), and Hong Kong (HK) are the main contributing factors for the increase of LBS and RTLS market, in this area.

Institutions in the Asia-Pacific regions are focusing on customer interests and their preferences. The mobile and internet are being widely used as main means for connectivity.

In the process of finding out and checking the market size of different segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with main people. The break-up of the profiles of the primary participants is like:

• By Organization: Tier 1: 30 %, Tier 2: 40.0 percent, and Tier 3: 30.0 percent

• By Description: C-suite: 72.0 percent, D-level: 14.0 percent, and Others: 14.0 percent

• By Area: North America continent: 57.0 percent, Europe (EU): 14.0 percent, and Asia-Pac: 29.0 percent

The LBS and RTLS market includes different main vendors, including Cisco Systems (NASDAQ:CSCO), Google, IBM (NYSE:IBM), Microsoft, Oracle Corporation (NYSE:ORCL), TomTom, Apple, Esri, Ericsson (NASDAQ:ERIC), Qualcomm, Zebra, Ubisense, Pitney Bowes, Baidu, Foursquare, Centrak, Ekahau, Galigeo, HERE, Teldio, Navigine, Living Map, infsoft, AiRISTA, and Quuppa.

Segment Research

The analysis includes a detailed competitive analysis of the top players in the LBS and RTLS market together with their company descriptions, recent evolutions, and key industries strategies. The document breaks down the LBS and RTLS market by component, software, services, location type, vertical, and area.

Why acquiring this study can help you:

The LBS and RTLS market is broken down on the basis of location types, components, software, services, verticals, and localities.

The industry report is expected to benefit the market top players/new sector entrants in the LBS and RTLS market in these ways:

1. The LBS and RTLS market revenue stream has been estimated based on the incomes generated by vendors offering analytics solution and associated services. The study offers the best approximations of the revenue data for the global market and the sub-segments.

2. The analysis benefits the partners distinguish the pulse of the sector and offers them with info on the main market drivers, market restraints, opportunities, and alternatives.

3. The market research is expected to benefit the partners comprehend the players and obtain additional insights to enhance their market position. The competitive outlook section includes the competitor ecosystem, new industry product developments, alliances, and mergers and acquisitions.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Nicolas helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Real-Time Locating Systems Market by Offering, Technology, Vertical, Application/Use case And Geography - Global Forecast to 2023

Real-Time Locating Systems Market: Global Forecast until 2023

  • $ 5650
  • Industry report
  • July 2018
  • by MarketsandMarkets

The real-time location system (RTLS) market is likely to grow at a CAGR of 22.5% between 2018 and 2023The RTLS market is expected to grow from USD 3.19 billion in 2018 to reach USD 8.79 billion by 2023, ...

Global Real-Time Locating Systems (RTLS) Market Analysis & Trends - Industry Forecast to 2027

Global Real-Time Locating Systems (RTLS) Market Analysis & Trends - Industry Forecast to 2027

  • $ 4200
  • Industry report
  • July 2018
  • by Accuray Research LLP

The Global Real-time locating systems (RTLS) Market is poised to grow strong during the forecast period 2017 to 2027.Some of the prominent trends that the market is witnessing include Emerging Opportunities ...

Real-Time Traffic Information Providers in the US - Industry Market Research Report

Real-Time Traffic Information Providers in the US - Industry Market Research Report

  • $ 1090
  • Industry report
  • April 2018
  • by Ibisworld

Traffic stopper: An expanding economy will boost industry growth AbstractReal-Time Traffic Information ProvidersOver the five years to 2018, revenue for the Real-Time Traffic Information Providers industry ...


ref:plp2018

Reportlinker.com © Copyright 2018. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on