According to the report published by Allied Market Research, the global location analytics industry was pegged at $10.29 billion in 2019, and is expected to garner $31.13 billion by 2027, manifesting a CAGR of 15.5% from 2020 to 2027.
Proliferation of smartphones and rise in usage of GPS-enabled devices, surge in implementation of spatial data and analytical tools, growth in adoption of location analytics for asset management across various industries, and increase in adoption of location analytics in retail sector fuel the global location analytics market. However, consent and privacy concerns hamper the growth to some extent. On the other hand, emergence of advanced technologies in the field of GIS, and integration of AI with location analytics are expected to present an array of opportunities for the market players.
Download Sample Report: https://www.alliedmarketresearch.com/request-sample/9814
The location analytics market is segmented on the basis of component, location type, deployment mode, application, industry vertical, and region. Based on component, the software segment dominated the market with more than three-fifths of the global market share in 2019, and is projected to lead by the end of 2027. However, the services segment is expected to exhibit the fastest CAGR of 16.8% throughout the forecast period.
Based on industry vertical, the transport and logistics segment held lion’s share, holding for nearly one-fifth of the global location analytics market revenue in 2019, and is expected to be the dominant by 2027. On the other hand, the healthcare segment is anticipated to manifest the fastest CAGR of 22.4% from 2020 to 2027.
For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/9814
Based on geography, the market across North America held the major share in 2019, with around two-fifths of the global market. Conversely, the Asia-Pacific region is projected to portray the fastest CAGR of 18.8% during the forecast period. The report also studies regions including Europe and LAMEA.
Major market players profiled in the report include Microsoft Corporation, Oracle Corporation, Pitney Bowes, Sisense Inc., Syncsort, Trimble Inc., Alteryx, Esri, Google LLC, HERE Technologies, and Hexagon.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.