Surge in digital marketing serves as a potential opportunity for the expansion of the global IP Geo-Location Services Market. Based on API packages, the basic API packages segment held the highest share in 2021, grabbing nearly two-fifths of the global IP geo-location services market. Based on region, Asia-Pacific held the largest share in 2021, contributing to nearly half of the global IP Geo-location services market share.
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The research provides detailed segmentation of the global IP geo-location services market based on API packages, enterprise size, application, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.
Based on API package, the basic API package segment held the highest share in 2021, accounting for nearly two-fifths of the global IP Geo-location services market, and is expected to continue its leadership status during the forecast period. However, the extended IP Geo-location API segment is expected to register the highest CAGR of 12.8% from 2022 to 2031.
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Based on region, Asia-Pacific held the largest share in 2021, contributing to nearly half of the global IP geo-location services market share, and is projected to maintain its dominant share in terms of revenue in 2031. In addition, the Europe region is expected to manifest the fastest CAGR of 12.7% during the forecast period.
Leading market players of the global IP Geo-location services market analyzed in the research include Pitney Bowes Inc., Akamai Technologies, Inc., Apilayer GmbH (Ipstack), BigDataCloud Pty. Ltd., Digital Element Inc., Geobyte, Hexasoft Development (IP2Location.com), KickFire Inc., MaxMind, Inc., and Neustar, Inc.
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Covid-19 Scenario:
- The outbreak of the COVID-19 pandemic had a positive impact on the growth of the global IP geo-location services market. The pandemic has forced billions of organizations around the world to adopt remote work policies. The transition has led to a rapid increase in demand for tools to support remote teams and workflows.
- The COVID-19 outbreak had a high impact on the growth of the IP geolocation services market, due to the increasing digital dependency, growing adoption of connected devices, and surging government initiatives to provide digital security. will provide lucrative opportunities for the growth of the IP geolocation services market.
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