Location-Based Services (LBS) Market to Grow by $ 152.95 bn through 2021-2025
Key Drivers and Market Trends
Rise in demand for personal and enterprise navigation services and High penetration of mobile computing devices are among the key factors likely to drive market growth. The Global Location-based services (lbs) market is expected to grow by $ 152.95 bn, accelerating at a CAGR of about 31.04% till 2025. This research report analyses all the growth drivers that are likely to boost market growth along with market trends. The report also assesses the market segments and regional segments to provide a comprehensive analysis of the market in focus. The purpose of this research report is to create a 360-degree view of the market for our clients. The key takeaways from this report will equip our client with clear insights to strategize future growth plans.
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Location-Based Services (LBS) Market: Segments and Geographical Regions
- This report segments the market Type (outdoor and indoor) and Geography (North America, Europe, APAC, South America, and MEA).
- 49% of the market growth will originate from North America during the forecast period.
- This research report will provide insights into the current market share of each segment along with growth projections for the next five years. Request our Free Sample Report
Location-Based Services (LBS) Market: Vendor Analysis
- The market is fragmented due to the presence of several players.
- The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
- Alibaba Group Holding Ltd., Alphabet Inc., Apple Inc., AT&T Inc., Cisco Systems Inc., Facebook Inc., Foursquare Labs Inc., HERE Global BV, International Business Machines Corp., and Microsoft Corp. are some of the major market participants.
Market Segmentation by Type
- Location-Based Services (LBS) Market Split by Type
- Location-Based Services (LBS) Market Split by Geography
- North America
- Europe
- APAC
- South America
- MEA
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Alibaba Group Holding Ltd.
- Alphabet Inc.
- Apple Inc.
- AT&T Inc.
- Cisco Systems Inc.
- Facebook Inc.
- Foursquare Labs Inc.
- HERE Global BV
- International Business Machines Corp.
- Microsoft Corp.
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The report provides insights into the following FAQs:
- What is the market CAGR?
The market will accelerate at a CAGR of about 31.04%.
- What is the incremental growth of the market?
The market is expected to grow by $ 152.95 bn through 2021-2025.
- What is a key factor driving this market?
rise in demand for personal and enterprise navigation services will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.
- Which is the leading geographic region for this market:
49% growth will originate from North America
- Who are the leading market vendors?
The leading vendors in this market are Alibaba Group Holding Ltd., Alphabet Inc., Apple Inc., AT&T Inc., Cisco Systems Inc., Facebook Inc., Foursquare Labs Inc., HERE Global BV, International Business Machines Corp., and Microsoft Corp.
- What are the market segments covered in this report?
The market is segmented by Type (outdoor and indoor) and Geography (North America, Europe, APAC, South America, and MEA)
Location-Based Services (LBS) Market | Growth and Analysis
Market Growth and Forecasts for 2021-2025
The location-based services (lbs) market and it is expected to grow by $ 152.95 bn, accelerating at a CAGR of almost 31% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to enable growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.
Rely on our business insights to implement a COVID-19 Recovery Plan: Request for Free Sample Report
Location-Based Services (LBS) Market: Market Segments and Key Trends
This research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth. The market is segmented by Type (Outdoor and Indoor) and Geography (North America, Europe, APAC, South America, and MEA). 49% of the market growth will originate from North America during the forecast period. However, privacy and security issues is one of the challenges that will need to be overcome to drive growth.
Location-Based Services (LBS) Market: What are the Growth Drivers?
The rise in demand for personal and enterprise navigation services is one of the primary factors that will drive the growth of the location-based services (lbs) market. This report provides a detailed study of this and all the other drivers that are likely to boost the market growth. For a deeper understanding of this market request our FREE Sample Report. Our analysis will help the client to prepare for recovery and growth post the havoc caused by the pandemic.
Location-Based Services (LBS) Market: Vendor Analysis
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Alibaba Group Holding Ltd., Alphabet Inc., Apple Inc., AT&T Inc., Cisco Systems Inc., Facebook Inc., Foursquare Labs Inc., HERE Global BV, International Business Machines Corp., and Microsoft Corp. are some of the major market participants.
For more insights on this market: Download a Free Sample Report
Location-Based Services (LBS) Market: Key Highlights of the Report for 2021-2025
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive location-based services (lbs) market growth during the next five years
- Precise estimation of the location-based services (lbs) market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the location-based services (lbs) market industry across North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of location-based services (lbs) market vendors
The report provides insights into the following FAQs:
- What is the market CAGR?
The market is accelerate at a CAGR of about 31%.
- What is the incremental growth of the market?
The market is expected to grow by $ 152.95 bn through 2021-2025.
- What is a key factor driving this market?
rise in demand for personal and enterprise navigation services will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.
- Which is the leading geographic region for this market:
49% growth will originate from North America
- Who are the leading market vendors?
The leading vendors in this market are Alibaba Group Holding Ltd., Alphabet Inc., Apple Inc., AT&T Inc., Cisco Systems Inc., Facebook Inc., Foursquare Labs Inc., HERE Global BV, International Business Machines Corp., and Microsoft Corp.
- What are the market segments covered in this report?
The market is segmented by Type (Outdoor and Indoor) and Geography (North America, Europe, APAC, South America, and MEA)
