World Location-Based Services Market to See Healthy Growth, Predicts KBV Research in Its Study Available at MarketPublishers.com27 Mar 2017 • by Natalie Aster
LONDON – Surging market penetration of handheld devices and wide-ranging uptake of location-based services (LBS) in diverse application areas like business analytics (BA) give a boost to the expansion and growth of the worldwide location-based services market. Still, the cost related to LBS implementation in tandem with privacy and security restrictions inhibit the growth of the worldwide location-based services market.
The uptake of LBS has gained traction across the government and defense, transportation, retail and e-commerce, media and entertainment, health care industry verticals, among others. Governments’ proactive incentives to standardise defense technologies alongside rapid urbanisation and infrastructural developments in the emerging countries are set to contribute to the market expansion in the government and defense vertical.
North America continued to dominate the global LBS market in 2015. The APAC region is poised to observe promising CAGR through to 2022-end.
SAP SE, Google, Microsoft Corporation, Oracle Corporation, IBM Corporation, HP Enterprise Company, Cisco Systems and Qualcomm Incorporated, amid others, are the dominant participants of the marketplace.
The new report “Global Location Based Services Market (2016 - 2022)” elaborated by KBV Research is dedicated to analysis and forecasting the market worldwide. It examines and categorises the market by component, technology, application area and by region. The research study casts light on the key market drivers, limiters and opportunities. Furthermore, the report presents a discussion of the key players operating in the LBS market. Companies are discussed from such viewpoints as company overview, financial metrics, business segment analysis, as well as R&D costs.
To find a full list of reports drawn up by the publisher, please follow KBV Research page at MarketPublishers.com.