Global Location Analytics Market Outlook 2024, Forecast To 2033
21 Feb, 2024
The location analytics market has witnessed rapid growth, expanding from $20.88 billion in 2023 to $23.83 billion in 2024, with a 14.1% CAGR. The integration of GPS in smartphones and the rise of location-based services have driven historic growth. The forecast period anticipates further expansion to $41.76 billion by 2028, attributing this to IoT integration and real-time location intelligence demand, especially in smart cities and healthcare. Trends include indoor location analytics and ethical use of data.
Global Location Analytics Market Key Driver
The location analytics market is expected to grow due to the increasing use of spatial data and analytical tools, enhancing decision-making and prediction capabilities. Incorporating layers of geographic data enables the forecast of demand, identification of supply chain disruptions, and facilitates infrastructure planning. The average return on investment for enterprises using business intelligence and analytics is reported to be 1300%, emphasizing the significant impact of spatial data and analytical tools on the location analytics market.
Get A Free Sample Of The Global Location Analytics Market ReportGlobal Location Analytics Market Segments
The location analytics market covered in this report is segmented –
1)By Location Type: Outdoor Location, Indoor Location
2)By Component: Solutions, Services
3)By Deployment Mode: On Premise, Cloud
4)By Application: Risk Management, Customer Experience Management, Remote Monitoring, Supply Chain Planning and Optimization, Emergency Response Management, Location Selection And Optimization, Other Applications
5)By Industry Vertical: Transportation And Logistics, Retail, BFSI, IT And Telecommunication, Healthcare, Energy and Utilities, Manufacturing, Other Industry Verticals
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the location analytics market in 2023. The regions covered in the location analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Location Analytics Industry Players
Alteryx Inc.; Cisco Systems Inc.; CleverMaps Inc.; Environmental Systems Research Institute Inc. (ESRI); GaliGeo; Google LLC; Here Technologies; Hexagon AB; Indoor Atlas Ltd; Lepton Software Limited; Microsoft Corporation; Pitney Bowes Inc.; PlaceIQ Inc.; Precisely Inc.; Purple Communications Inc.; SAP SE; SAS Institute Inc.; Sparkgeo Consulting Inc.; TIBCO Software Inc.; TomTom International BV; Zebra Technologies Corporation; CARTODB Inc.; GapMaps; Hardcastle GIS Solutions Inc.; Locale. ai Inc.; Mapidea Lda; NEWGROVE Limited; Orbica Limited; Placense; Esri Technologies Limited; International Business Machines Corporation (IBM); CleverAnalytics AS; Foursquare Labs Inc.; Geoblink S. L.; Mapbox Inc.; Near Pte Ltd.; Geospark Analytics; Geosys Enterprise Solutions Pvt. Ltd.; Geotab Inc.
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Location Analytics Market Overview
Location analytics is the process of using location intelligence software for the visualization and analysis of geospatial data.
Location Analytics Global Market Report 2023 provides data on the global location analytics market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The location analytics market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.