How big is the Location-based Services Market?

The Location-based Services Market size is expected to reach USD 50.85 billion in 2024 and grow at a CAGR of 24.11% to reach USD 149.73 billion by 2029. Read More

What is the current Location-based Services Market size?

In 2024, the Location-based Services Market size is expected to reach USD 50.85 billion. Read More

Who are the key players in Location-based Services Market?

Cisco Systems Inc., Ericsson Inc., IBM Corporation, DigitalGlobe Inc. (Maxar Technologies) and ALE International ( Nokia Corporation) are the major companies operating in the Location-based Services Market. Read More

Which is the fastest growing region in Location-based Services Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Location-based Services Market?

In 2024, the North America accounts for the largest market share in Location-based Services Market. Read More

What years does this Location-based Services Market cover, and what was the market size in 2023?

In 2023, the Location-based Services Market size was estimated at USD 40.97 billion. The report covers the Location-based Services Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the Location-based Services Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Market Research: Market Growth, Size, and Trends in Location-based Services

Location Based Services Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Location Based Services Market Applications & Industry Growth Analysis and it is segmented by Location (Indoor, Outdoor), Service Type (Professional, Managed), End-user Industry (FMCG, Retail, Healthcare, IT and Telecom, and Transportation), and Geography (North America (United States and Canada), Europe (United Kingdom, Germany, and France), Asia-Pacific (China, Japan, and India). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Location Based Services (LBS) Industry Overview

The location-based services market needs to be more cohesive. Ongoing research and technological advancements are expected to be the key trends in the market. The companies are adopting various strategies to expand their customer base and mark their presence in the market. The primary strategies involve long-term partnerships or mergers and acquisitions.

In November 2022, VeriDaaS Corporation announced the acquisition of 4DM, a geo-intelligence company based in Canada. 4DM engages governments, NGOs, and private sector organizations in the areas of intelligent transportation solutions, environmental health, location-based services, and risk assessment applications through consulting projects and service-based work.

In March 2022, Aruba Networks announced the advancement of its Edge Services Platform (ESP) with new management capabilities and development in location-based services to help enterprises go after edge and IoT opportunities. The company also unveiled self-locating indoor access points (APs) with built-in GPS receivers and Open Locate for sharing location information from an access point to a device.