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Location Based Services Market Demand, Indepth Analysis And Estimated Forecast Till 2027

The global “Location Based Services Industry” is expected to rise with an impressive CAGR and generate the highest revenue by 2026. Fortune Business Insights™ in its latest report published this information. The report is titled “Location-Based Services (LBS) Market Size, Share & Industry Analysis, By Component (Hardware, Software, Services), By Location Type (Indoor, Outdoor), By Application (Emergency Services, Tracking Services, Navigation Services, Others), By End-User (BFSI, IT and Telecommunications, Retail, Transportation and Logistics, Government, Healthcare and Life Sciences, Manufacturing) and Regional Forecast, 2019-2026”. The report discusses research objectives, research scope, methodology, timeline and challenges during the entire forecast period.

The report evaluates the important characteristics of the market based on present industry scenarios, market demands and business strategies. Also, the research report separates the industry based on the Location Based Services Market share, types, applications, growth factor, key players and regions.

“The global location-based services (LBS) market size stood at USD 16.14 billion in 2018 and is projected to reach USD 66.61 billion by 2026, exhibiting a CAGR of 20.0% during the forecast period”

Report Highlights:

  • A comprehensive overview of the Location Based Services Market
  • Significant factors boosting, restricting, challenging and providing an opportunity to the market
  • Key insights and major industry developments
  • Significant players functioning in the Location Based Services Market
  • Major strategies adopted by players such as the launch of new products for better revenue generation, company collaborations, and others
  • Other market trends

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreaks across industries to help you prepare for the future.

Get a Sample Copy of the Report at – https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/101060

List of Top Key Manufacturers for Location Based Services Market:

  • Apple Inc.
  • Google Inc.
  • Cisco Systems Inc.
  • Intel Corporation
  • Qualcomm Inc.
  • Samsung Electronics Co., Ltd.
  • Facebook, IBM Corp
  • HERE

Rapid deployment of smart cities will increase the adoption of location-based services, driving the global location-based services market. The primary focus of these services is to offer visualization, location-based assessment, monitoring in real-time, and tracking. Moreover, location-based devices allow tracking of individuals in places such as operating rooms, fabrication facilities, and emergency wards. Mobile operators provide location information for different services which include analytics, fraud management, and safe authentication. In addition to this, mobile operators are using location information in bulk to improve their network performance. Spurred by these trends, the location-based services market growth is expected to increase in the forecast years. Entertainment channels and social networking sites are the biggest customers of location-based services.

Some of the recent developments by companies are mentioned below:

February 2019: HERE Technologies signed an agreement with Volvo Car Group to offer onboard cloud services to help Volvo enhance the driver experience and vehicle performance.

June 2019: Google announced the launch of auto delete control for location history on Android and iOS, allowing users to delete the location data after some time.

Some of the Key Questions Answered in this Report:

  • Detailed Overview of Location Based Services Market will help deliver clients and businesses making strategies.
  • Influencing factors that are thriving demand and latest trends running in the market.
  • Location Based Services Market forecast for global market split into segments like region, product, applications, end-user, technology, etc.
  • What trends, challenges and barriers will impact the development and sizing of the Global Location Based Services Market?
  • SWOT Analysis of each defined key player along with its profile and Porter’s five forces analysis to complement the same.
  • What is the Location Based Services Market growth momentum or market carries during the forecast period?
  • Which region may tap the highest market share in the coming era?
  • Which application/end-user category or Product Type may seek incremental growth prospects?
  • What focused approach and constraints are holding the Location Based Services Market demand?

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Regional Analysis for Location Based Services Market:

  • North America (the USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico and Rest of Latin America)

The Location Based Services Market research report offers a complete assessment of the industry. The projections included in the report have been determined utilizing demonstrated research philosophies and presumptions.

Research Methodology:

We follow a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country-level is derived from the most credible published sources and through interviews with the right stakeholders.

The Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.

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Major Table of Contents for Location Based Services Market Research Report:

  • Introduction
  • Executive Summary
  • Market Dynamics
  • Key Location Based Services Market Insights
  • Global Market Analysis, Insights and Forecast, 2015-2026
  • North America Market Analysis, Insights and Forecast, 2015-2026
  • Europe Market Analysis, Insights and Forecast, 2015-2026
  • Asia Pacific Market Analysis, Insights and Forecast, 2015-2026
  • The Middle East and Africa Market Analysis, Insights and Forecast, 2015-2026
  • Latin America Market Analysis, Insights and Forecast, 2015-2026
  • Competitive Landscape
  • Global Location Based Services Market Revenue Share Analysis, By Key Players, 2020
  • Company Profiles
  • Conclusion

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Howard Larue
Howard is leading the column providing news about communication devices. He has worked in the industry long enough to understand the procedures and the knick-knacks of the sectors. His knowledge is as vast as his understanding. His achievements in the field of theories related to the communication industry are noted and framed and hence makes him one of the top achievers in the list.

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