Location-Based Services Market Size, Share, Trends, Business Strategies, Revenue, Leading Players, Opportunities and Forecast 2030

Mobile location-based services (mobile LBS) have become an essential service enabler in smartphones, and are used mainly for navigation and location-based queries.

The development and increasing use of beacons, geo-fencing, and geo-tagging for digital and proximity marketing have ensured the highest CAGR (27.2%) for this segment.

Mapping and navigation is the most used service in mobile LBS, and this segment held the largest market share (28.4%) in 2018, followed by the social networking and entertainment, and local search and information segments.

Download Free Sample Report @ https://www.radiantinsights.com/research/global-mobile-location-based-services-market-2018-2023/request-sample End user industry segment insights:Industries such as retail, healthcare, transportation, travel and tourism, and BFSI are utilizing the power of mobile LBS to enhance digital experiences among customers.

The integration of mobile LBS with existing travel apps has a lot of growth potential in developing, as well as developed countries.

However, with the development of technology and marketing strategies, the adoption of proximity LBS through beacons, Wi-Fi, and Bluetooth are increasingly becoming popular in developed countries like North America and Europe, and the Asia-Pacific region.

Location Based Service Market-OverviewThe burgeoning use of mobile devices is estimated to steer the growth of the Location Based Service Market 2020.

The ICT industry reports are produced by Market Research Future, which highlights market options for expansion.

A USD 80 billion by 2023, with approximates a CAGR of 28%.The use of location based services has risen exponentially during the COVID -19 crisis, with apps being created that can help users avoid contact with COVID hotspots or patients.

The improvement in the accessibility of GPS technology is predicted to enhance the location based service market in the forthcoming period.Location Based Service Market Competitive AnalysisThe planning and forecasting for human capital in the market is estimated to be a crucial area for focus in the years ahead.

The recalibration of the supply chain is estimated to be another area for market expansion in the upcoming period.

The expansion of the market has currently come close to a standstill with government agencies and trade bodies, introducing a stimulus to pick up the pace of development in the global market.

1 March 2019, The global location-based services market is set to attain significant revenue in the forthcoming years.

Increasing adoption by sectors such as government and defense, healthcare, media and entertainment, and transportation is anticipated to further fuel demand.

Such versatile applications of LBS is projected to create business avenues for vendors in the coming years.As a result, various vendors focus on introducing unique business models to establish themselves among the top market participants.

Easy availability of services with the help of a mobile device and data plan is projected to boost adoption in future.

Rising penetration of smartphones, coupled with increasing internet connectivity, can propel the reach of location-based services, especially across emerging markets in Asia Pacific, Latin America, and Middle East and Africa.

Awareness regarding advantages of navigation services such as Google Maps is poised to drive more business in the market in the years to come.Growing popularity of online and real-time gaming and demand for location-based gaming are likely to bode well for the expansion of the LBS market.

The Global Location Based Services Market size was valued at USD 30.10 billion in 2019 and is predicted to reach USD 410.09 billion by 2030, with a CAGR of 26.8% from 2020-2030.Location Based Services Market 2020 research report has dedicated to several quantities of analysis - industry research (global industry trends) and Location Based Services market share analysis of high players, along with company profiles, and which collectively include about the fundamental opinions regarding the market landscape, emerging and high-growth sections of Location Based Services market, high-growth regions, and market drivers, restraints, and also market chances.

The analysis covers Location Based Services market and its advancements across different industry verticals as well as regions.

It targets estimating the current market size and growth potential of the global Location Based Services Market across sections such as also application and representatives.

Additionally, the analysis also has a comprehensive review of the crucial players on the Location Based Services market together side their company profiles, SWOT analysis, latest advancements, and business plans.Access Full Description of this report at:-https://www.nextmsc.com/report/location-based-services-market Top Companies: Alcatel-Lucent SA, Bharti Airtel, Ltd., Apple, Inc., Microsoft Corporation, AT Inc., Qualcomm Inc., Google Inc., Cisco Systems, Inc., Oracle Corporation, International Business Machines Corporation and others.The report primarily enrolls the essential subtleties of industry dependent on the basic diagram of Location Based Services market chain structure, and depicts industry environment, the advancement of the market through upstream and downstream, industry by and large, speculation investigation, producing cost structure, industry strategies, plans and improvement, key players will drive key business choices and makes a logical expectation for the improvement business prospects based on past, present and estimate information identified with the Location Based Services market advertise from 2019-2030.Request sample copy of this report at:-https://www.nextmsc.com/location-based-services-market/request-sampleThe report provides insights on the following pointers:-North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Location Based Services industry.Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Location Based Services industry.Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, Netherlands, Switzerland, Belgium, China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Vietnam, Turkey, Saudi Arabia, United Arab Emirates, South Africa, Israel, Egypt, Nigeria, Brazil, Mexico, Argentina, Colombia, Chile, Peru) market size (sales, revenue and growth rate) of Location Based Services industry.Different types and applications of Location Based Services industry, market share of each type and application by revenue.Global market size (sales, revenue) forecast by regions and countries from 2020 to 2030 of Location Based Services industry.Upstream raw materials and manufacturing equipment, downstream major consumers, and industry chain analysis of Location Based Services industry.Key drivers influencing market growth, opportunities, the challenges and the risks analysis of Location Based Services industry.New Project Investment Feasibility Analysis of Location Based Services industry.About Next Move Strategy Consulting:Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share.

Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade.

Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry.

May 06, 2019: The global indoor lbs market size is expected to reach USD 18.74 billion by 2025, according to a new study by Grand View Research, Inc., rising at a CAGR of 43.3% during the forecast period.

Growing use of location-based services in the retail industry for marketing applications in expected to stimulate the growth of the market over the forecast period.Industry players are increasingly striving towards providing real-time location services to customers, which is expected to stimulate market growth.

Indoor location-based services are also being implemented for public safety, whereby individuals can inform authorities about their location using their mobile devices.Download sample Copy of This Report at: https://www.radiantinsights.com/research/indoor-location-based-services-lbs-market/request-sample Increasing penetration of mobile devices across various regions is expected to propel the market.

Larger enterprises focus on innovation and new product development whereas smaller companies provide deployment solutions and product services.Further key findings from the study suggest:The RFID and NFC segment is expected to emerge as the fastest growing technology segment, expanding at a CAGR of 47.4% over the forecast period.

The growth of the segment can be attributed to rising prominence of wireless modes of communicationNorth America accounted for the largest market share in terms of revenue and is expected to reach USD 7.65 billion by 2025.

Prominent players such as Microsoft Corporation and Google Inc., who hold expertise in location-based services, are based in the regionProximity beacons are anticipated to emerge as the fastest growing product segment, exhibiting a CAGR of 48.0% over the forecast period.