Location Analytics Market: Global Analysis, Opportunities And Forecast To 2032

As per a recent research report, Location Analytics Market to surpass USD 90 Bn by 2032.

Location Analytics Market is slated to demonstrate massive growth through 2032, owing to the rising demand for geographic predictive analytics for the prediction of maintenance needs, production deadlines, and infrastructure assessment. Location analytics services are slated to emerge as one of the most crucial aspects of marketing for enterprises, which is expected to drive the market share.

Request for Sample Copy report @  https://www.gminsights.com/request-sample/detail/4663         

The industry growth is likely to be compromised by the lack of regulatory norms and regulations. Nevertheless, the rising importance placed on location-based data to support business decision-making and the necessity to gather more information is anticipated to offer several growth opportunities for the market development.

Overall, the location analytics market is divided in terms of component, solutions, services, location positioning, application, industry verticals, and region.

 

Based on component, the solution segment held over 55% market share in 2022 and is slated to grow exponentially through 2032. This can be credited to the rising demand from enterprises for sophisticated location-based solutions for diverse application requirements.

By solution, the thematic mapping and spatial analysis segment accounted for more than 20% market share in 2022 and is projected to gain considerable impetus by 2032. The growth can be attributed to the limited capabilities offered by these maps to visualize the geographical distribution of the earth's surface corresponding to business information. Ongoing innovations and partnerships in the space would further supplement the product demand. For instance, in 2022, India's Geospatial Energy Map by the NITI Aayog collaborated with ISRO to identify and locate all primary and secondary energy sources coupled with their transportation and transmission networks.

Request for customization this report @  https://www.gminsights.com/roc/4663

In the context of service, the professional service segment is expected to register notable gains during 2023-2032, as the key players operating in the industry offer consulting services that assist clients in achieving their goals and support them in putting such platforms in place.

Considering the location positioning, the outdoor positioning segment will demonstrate sturdy growth through 2032, owing to the surge in deployment of location analytics solutions to map business assets across the outdoor environment.

In terms of the application, the risk management segment held over 20% market share in 2022 and will grow considerably as location analytics solutions help enterprises evaluate risk concentrations.

By industry verticals, the IT & telecommunication sector is expected to depict over 15% CAGR by 2032. Location analytics help IT and telecom companies collect geographic information and offer context-based information for infrastructure optimization, service improvements, and much more, which is slated to augment the demand for location analytics in the industry.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact us:

Aashit Tiwari
Corporate Sales, USA
Global Market Insights Inc.
Toll Free: +1-888-689-0688
USA: +1-302-846-7766
Europe: +44-742-759-8484
APAC: +65-3129-7718
Email: sales@gminsights.com 

Comments

Post a Comment

Popular posts from this blog

Self Service Kiosk Market 2024-2032; Growth Forecast & Industry Share Report

  Self service kiosk market size is projected to expand at 5.5% CAGR from 2023 to 2032. The increasing consumer preference for contactless and efficient services coupled with the rising technological advancements are driving the adoption of self-service kiosks across various industries. Lately, the hospitality, retail, and healthcare sectors are extensively adopting self service kiosks for improved customer experience and operational efficiency. For instance, in May 2023, Samsung Electronics Co., Ltd. globally released KMC-W, a Windows version update of the Samsung Kiosk. The surging emphasis on social distancing and hygiene practices, accelerated by the pandemic has further boosted the demand for touchless self-service solutions. Additionally, cost savings for businesses, and reduced wait times is reinforcing the ability of self-service kiosks to enhance order accuracy. The rising technological innovations for improving kiosk functionalities will also drive the market growth. ...
Read more

LiDAR in Mapping Market Share, Trend & Growth Forecast to 2032

  As per a recent research report, LiDAR in Mapping Market to surpass USD 15 Bn by 2032 . The global LiDAR in mapping market is expected to expand exceptionally through 2032 owing to the rising popularity of service providers across end-user organizations because of the lack of skilled experts and budgetary restrictions. Request for Sample Copy report @   https://www.gminsights.com/request-sample/detail/4461   Expanding population, growing trend of urbanization, and climate change are potentially driving the market dynamics. The LiDAR in mapping market is highly competitive attributed to low product differentiation as well as competitive pricing. Leading market competitors are making significant R&D investments to create cutting-edge hardware and software that will provide accurate and thorough data points. For instance, in February 2022, FARO Technologies, Inc. introduced an upgrade to the FARO Focus Swift Mobile Scanner. Users can now take 10-20 second co...
Read more

Cloud Native Application Protection Platform Market Trends, Analysis & Forecast, 2032

  As per a recent research report, Cloud Native Application Protection Platform Market to surpass USD 30 Bn by 2032 . Global Cloud Native Application Protection Platform Market is expected to grow considerably through 2032 owing to the burgeoning number of companies seeking integration of CNAPP into their organizational security strategy. Request for Sample Copy report @   https://www.gminsights.com/request-sample/detail/5440 Cloud-native application protection platform incorporates artificial intelligence into cloud-based solutions, enabling businesses to handle massive volumes of data and make choices in real-time. This results in more accurate predictions, quicker innovation for transformational change, and cost-effective scalability. To equip its customers with better protection, the top CNAPP providers are focusing on strategic alliances and product development with cyber security companies. For instance, in January 2023, Lookout Inc. announced updates to the L...
Read more