Global Location Based Services Market 2008-2012

13 Nov 2009 • by Natalie Aster

TechNavio Insights announces this week the release of the report “Global Location Based Services Market 2008-2012” .

According to TechNavio, the market for LBS (Location Based Services) is forecast to reach $6,292.5 million by 2012 from $1,050.0 million in 2008; growing at a CAGR of 56.4 percent over the forecast period.

“The LBS market in the Americas is forecast to reach $1,671.1 million in 2012 from $399 million in 2008, growing at a CAGR of around 43.0 percent over the forecast period,” says one of the TechNavio experts.

The report forecasts the size of the Global Location Based Service Market over the period 2008-2012. It segments the market into three geographic regions: Americas, APAC, and EMEA to represent the market size and forecast for each of these regions. It also highlights the key market trends, drivers and challenges of the Global Location Based Service market.