Location-Based Services (LBS) Market to Grow at a CAGR of 26.22% from 2022 to 2027|AiRISTA Flow Inc., Alphabet Inc., Apple Inc., and more to emerge as key players -Technavio

NEW YORK, July 17, 2023 /PRNewswire/ -- The location-based services (LBS) market size is estimated to grow by USD 167.69  billion from 2022 to 2027. The market is estimated to accelerate at a CAGR of 26.22 %, according to Technavio.The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors, including AiRISTA Flow Inc., Alphabet Inc., Apple Inc., AT and T Inc., Bayerische Motoren Werke AG, Cisco Systems Inc., Emanate Wireless, Esri Global Inc., Foursquare Labs Inc., General Electric Co., Halma Plc, Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., Oracle Corp., Qualcomm Inc., Siemens AG, Telefonaktiebolaget LM Ericsson, Zebra Technologies Corp., and Ziff Davis Inc. Download a Sample Report Now!

Location-Based Services (LBS) Market Insights -

• Vendors: 15+, AiRISTA Flow Inc., Alphabet Inc., Apple Inc., AT and T Inc., Bayerische Motoren Werke AG, Cisco Systems Inc., Emanate Wireless, Esri Global Inc., Foursquare Labs Inc., General Electric Co., Halma Plc, Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., Oracle Corp., Qualcomm Inc., Siemens AG, Telefonaktiebolaget LM Ericsson, Zebra Technologies Corp., and Ziff Davis Inc., among others.
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: Component (Hardware, Software, and Services), Type (Outdoor and Indoor), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

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Major Drivers - Increasing demand for personal and enterprise navigation services drives the location-based services market growth during the forecast period. Several prominent companies, such as SF Express are utilizing the real-time sensors of location-based services to monitor the movement of goods across the country by tapping into the BeiDou Navigation satellite system. Factors such as the high penetration of smartphones and the rising use of data plans for connectivity have significantly contributed to the adoption of location-based services such as maps and in-car navigation across industries. Furthermore, there is a growing adoption of workforce management services due to the high availability and decreasing cost of smartphones which has significantly enhanced business efficiency. Hence, the growing demand for personal and enterprise navigation services is expected to fuel the location-based services market growth during the forecast period.

Significant Trends - The increasing use of analytics for business process optimization is an emerging trend in the location-based services market. There is increasing integration of analytics software services as it helps in estimating the time spent at locations and routes that are taken on a daily basis. This analytics software displays data in the form of diagrams and heat maps which enables easy estimation and processing of the information. Hence, the insights that are generated are helpful in recognizing the busiest hours in a day or week. Hence, several companies utilize these insights for various promotional activities with the right product placements as the companies can evaluate the number of people passing through a particular spot on a particular day. The main application of this software in the industrial sector is estimating the best efficient layout of the plant and implementing lean manufacturing tools and processes based on the measurement of the movements of objects, such as operating equipment, goods, or products. Hence, such factors are expected to drive the location-based services market growth during the forecast period.

Key challenges - Data privacy and security issues can pose a significant threat to the location-based services market during the forecast period. The personal data of consumers are highly prone to data leakage as they share the details with advertisers and third parties to avail coupons, deals, and promotions, which are then shared among the location-based services value chain. Additionally, several network providers are able to access this personal information without the consent of customers as they maintain a database to store these data. Some of the other vital customer information which is accessible to LBS include data related to places the consumer visits, the people they meet, and the events they attend. Hence, the misuse of such data can negatively impact the market, which in turn can hinder the location-based services market growth during the forecast period.

Drivers, Trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

The location-based services (LBS) market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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What are the key data covered in this Location-Based Services (LBS) Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the location-based services (LBS) market between 2023 and 2027
• Precise estimation of the location-based services (LBS) market size and its contribution to the market with focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the location-based services (LBS) market across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of location-based services (LBS) market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary ? Chart on Market Overview
• Exhibit 02: Executive Summary ? Data Table on Market Overview
• Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
• Exhibit 04: Executive Summary ? Chart on Market by Geography
• Exhibit 05: Executive Summary ? Chart on Market Segmentation by Component
• Exhibit 06: Executive Summary ? Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary ? Chart on Incremental Growth
• Exhibit 08: Executive Summary ? Data Table on Incremental Growth
• Exhibit 09: Executive Summary ? Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global location-based services market 2017 - 2021 
• Exhibit 18: Historic Market Size ? Data Table on global location-based services market 2017 - 2021 ($ billion)

• 4.2 Component Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size ? Component Segment 2017 - 2021 ($ billion)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size ? Type Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size ? Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size ? Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers ? Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers ? Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants ? Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes ? Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry ? Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Component

• 6.1 Market segments
• Exhibit 30: Chart on Component - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Component - Market share 2022-2027 (%)

• 6.2 Comparison by Component 
• Exhibit 32: Chart on Comparison by Component
• Exhibit 33: Data Table on Comparison by Component

• 6.3 Hardware - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Hardware - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Hardware - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Hardware - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Hardware - Year-over-year growth 2022-2027 (%)

• 6.4 Software - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Software - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Software - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Software - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Software - Year-over-year growth 2022-2027 (%)

• 6.5 Services - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Services - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Services - Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Services - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Services - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Component 
• Exhibit 46: Market opportunity by Component ($ billion)
• Exhibit 47: Data Table on Market opportunity by Component ($ billion)

7 Market Segmentation by Type

• 7.1 Market segments
• Exhibit 48: Chart on Type - Market share 2022-2027 (%)
• Exhibit 49: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type
• Exhibit 50: Chart on Comparison by Type
• Exhibit 51: Data Table on Comparison by Type

• 7.3 Outdoor - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Outdoor - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Data Table on Outdoor - Market size and forecast 2022-2027 ($ billion)
• Exhibit 54: Chart on Outdoor - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Outdoor - Year-over-year growth 2022-2027 (%)

• 7.4 Indoor - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Indoor - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Data Table on Indoor - Market size and forecast 2022-2027 ($ billion)
• Exhibit 58: Chart on Indoor - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Indoor - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Type 
• Exhibit 60: Market opportunity by Type ($ billion)
• Exhibit 61: Data Table on Market opportunity by Type ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 63: Chart on Market share by geography 2022-2027 (%)
• Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 65: Chart on Geographic comparison
• Exhibit 66: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027 
• Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027 
• Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027 
• Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027 
• Exhibit 99: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027 
• Exhibit 103: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 104: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 105: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 107: Market opportunity by geography ($ billion)
• Exhibit 108: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 109: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 111: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 112: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 113: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 114: Matrix on vendor position and classification

• 12.3 AiRISTA Flow Inc.
• Exhibit 115: AiRISTA Flow Inc. - Overview
• Exhibit 116: AiRISTA Flow Inc. - Product / Service
• Exhibit 117: AiRISTA Flow Inc. - Key news
• Exhibit 118: AiRISTA Flow Inc. - Key offerings

• 12.4 Alphabet Inc.
• Exhibit 119: Alphabet Inc. - Overview
• Exhibit 120: Alphabet Inc. - Business segments
• Exhibit 121: Alphabet Inc. - Key news
• Exhibit 122: Alphabet Inc. - Key offerings
• Exhibit 123: Alphabet Inc. - Segment focus

• 12.5 Apple Inc.
• Exhibit 124: Apple Inc. - Overview
• Exhibit 125: Apple Inc. - Business segments
• Exhibit 126: Apple Inc. - Key news
• Exhibit 127: Apple Inc. - Key offerings
• Exhibit 128: Apple Inc. - Segment focus

• 12.6 AT and T Inc.
• Exhibit 129: AT and T Inc. - Overview
• Exhibit 130: AT and T Inc. - Business segments
• Exhibit 131: AT and T Inc. - Key news
• Exhibit 132: AT and T Inc. - Key offerings
• Exhibit 133: AT and T Inc. - Segment focus

• 12.7 Bayerische Motoren Werke AG 
• Exhibit 134: Bayerische Motoren Werke AG - Overview
• Exhibit 135: Bayerische Motoren Werke AG - Business segments
• Exhibit 136: Bayerische Motoren Werke AG - Key news
• Exhibit 137: Bayerische Motoren Werke AG - Key offerings
• Exhibit 138: Bayerische Motoren Werke AG - Segment focus

• 12.8 Cisco Systems Inc.
• Exhibit 139: Cisco Systems Inc. - Overview
• Exhibit 140: Cisco Systems Inc. - Business segments
• Exhibit 141: Cisco Systems Inc. - Key news
• Exhibit 142: Cisco Systems Inc. - Key offerings
• Exhibit 143: Cisco Systems Inc. - Segment focus

• 12.9 Esri Global Inc.
• Exhibit 144: Esri Global Inc. - Overview
• Exhibit 145: Esri Global Inc. - Product / Service
• Exhibit 146: Esri Global Inc. - Key offerings

• 12.10 General Electric Co.
• Exhibit 147: General Electric Co. - Overview
• Exhibit 148: General Electric Co. - Business segments
• Exhibit 149: General Electric Co. - Key news
• Exhibit 150: General Electric Co. - Key offerings
• Exhibit 151: General Electric Co. - Segment focus

• 12.11 Halma Plc
• Exhibit 152: Halma Plc - Overview
• Exhibit 153: Halma Plc - Business segments
• Exhibit 154: Halma Plc - Key news
• Exhibit 155: Halma Plc - Key offerings
• Exhibit 156: Halma Plc - Segment focus

• 12.12 International Business Machines Corp. 
• Exhibit 157: International Business Machines Corp. - Overview
• Exhibit 158: International Business Machines Corp. - Business segments
• Exhibit 159: International Business Machines Corp. - Key news
• Exhibit 160: International Business Machines Corp. - Key offerings
• Exhibit 161: International Business Machines Corp. - Segment focus

• 12.13 Microsoft Corp.
• Exhibit 162: Microsoft Corp. - Overview
• Exhibit 163: Microsoft Corp. - Business segments
• Exhibit 164: Microsoft Corp. - Key news
• Exhibit 165: Microsoft Corp. - Key offerings
• Exhibit 166: Microsoft Corp. - Segment focus

• 12.14 Oracle Corp.
• Exhibit 167: Oracle Corp. - Overview
• Exhibit 168: Oracle Corp. - Business segments
• Exhibit 169: Oracle Corp. - Key news
• Exhibit 170: Oracle Corp. - Key offerings
• Exhibit 171: Oracle Corp. - Segment focus

• 12.15 Qualcomm Inc.
• Exhibit 172: Qualcomm Inc. - Overview
• Exhibit 173: Qualcomm Inc. - Business segments
• Exhibit 174: Qualcomm Inc. - Key news
• Exhibit 175: Qualcomm Inc. - Key offerings
• Exhibit 176: Qualcomm Inc. - Segment focus

• 12.16 Telefonaktiebolaget LM Ericsson 
• Exhibit 177: Telefonaktiebolaget LM Ericsson - Overview
• Exhibit 178: Telefonaktiebolaget LM Ericsson - Business segments
• Exhibit 179: Telefonaktiebolaget LM Ericsson - Key news
• Exhibit 180: Telefonaktiebolaget LM Ericsson - Key offerings
• Exhibit 181: Telefonaktiebolaget LM Ericsson - Segment focus

• 12.17 Zebra Technologies Corp. 
• Exhibit 182: Zebra Technologies Corp. - Overview
• Exhibit 183: Zebra Technologies Corp. - Business segments
• Exhibit 184: Zebra Technologies Corp. - Key news
• Exhibit 185: Zebra Technologies Corp. - Key offerings
• Exhibit 186: Zebra Technologies Corp. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 187: Inclusions checklist
• Exhibit 188: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 189: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 190: Research methodology
• Exhibit 191: Validation techniques employed for market sizing
• Exhibit 192: Information sources

• 13.5 List of abbreviations 
• Exhibit 193: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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