The Location-Based Services Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Location-Based Services Market?
The market size of the location-based services has seen substantial growth recently. The market size is predicted to rise from $105.74 billion in 2024 to $131.33 billion by 2025, with a compound annual growth rate (CAGR) of 24.2%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Location-Based Services Industry?
The global market for location-based services is projected to reach a size of $356.87 billion in 2029, with a compound annual growth rate (CAGR) of 28.4%.
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What are the Key Growth Drivers Fueling the Location-Based Services Market?
The key drivers in the location-based services market are:
• Rising demand for indoor location services
• Development of smart cities and advancements in urban planning
• Increase in use of contact tracing and health applications
• Increased usage and reliance on enhanced location analytics
Global Market Segmentation: Identifying Major Location-Based Services Industry Segments
The location-based services market covered in this report is segmented –
1) By Component: Platform, Hardware, Services
2) By Location Type: Indoor, Outdoor
3) By Technology: GPS, Assisted GPS (A-GPS), Enhanced GPS (E-GPS), Enhanced observed time difference (E-OTD), Observed Time Difference, Cell ID, Wi-Fi, Other Technologies
4) By Application: Location-based Advertising, Business Intelligence And Analytics, Fleet Management, Mapping And Navigation, Social Networking And Entertainment, Proximity marketing, Asset Tracking, Other Applications
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What are the Emerging Trends Shaping the Future of the Location-Based Services Market?
The key trends in the location-based services market are:
• Proximity marketing and beacon technology are emerging trends.
• Mobile indoor navigation is gaining popularity.
• The rise of location-based gaming is a significant trend.
• Integration with 5G networks and its application in emergency and public safety are recent developments.
Who Are the Top Competitors & Leading Players in the Location-Based Services Market?
Major companies in the location-based services market are:
• Apple Inc.
• Google LLC
• AT&T Inc.
• Nippon Telegraph and Telephone Corporation Docomo
• International Business Machines Corporation
• Cisco Systems Inc.
• Qualcomm Incorporated
• Oracle Corporation
• Telefonaktiebolaget LM Ericsson
• CommScope Holding Company Inc.
• Transfix Inc.
• INRIX Inc.
• CloudMade Inc.
• Bluedot Innovation Inc.
• Navenio Inc.
• AiRISTA Flow
• ALCATEL-LUCENT Enterprise SAS
• Flybits Inc.
• HERE Global B.V.
• InnerSpace Pty Ltd
• Localz Inc.
• Mapsted Corporation
• Quuppa Inc.
• Navigine GmbH
• Resonai Inc.
• Seldon Technologies Ltd.
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the location-based services market in 2024
