Location based services use real-time geo-data from a mobile device or smartphone to provide information, entertainment or security. Location based services are used in different conditions such as health, indoor object search, entertainment, work and personal life. Location based services (LBS) use a smartphone GPS technology to track location of the individual. Also, LBS enables user to access social networking sites and reach advertisers based on their location-based apps.
Increase in number of mobile computing devices, rise in demand for personal and enterprise navigation services, and integration of location-based search with social networking websites are major factors driving growth of the global location based services market. In addition, increase in popularity of social networking, advancement in networks such as 4G and 5G, and evolution of Internet of Things (IOT) are some factors expected to drive growth of global location based services market during forecast period.
Do Inquiry About Report Here: https://marketresearch.biz/report/location-based-services-market/#inquiry
Growing concerns over privacy is expected to restrain growth of the global location based services market. In addition, increasing cyberattacks on government institution, high cost of geolocation technology and limited user awareness of LBS benefits are some other factors hindering growth of the global location based services market during forecast period.
The global location based services market is segmented on the basis of location type, technology, services, application, component, and region.
North America accounts for largest revenue contribution to the global location based services market. This is attributed to growing use of indoor LBS solutions in the retail sector in the region. However, the Asia Pacific market is projected to register highest CAGR in terms of revenue during the forecast period due to rapid adoption of mobile media by enterprises coupled with increasing usage of location-enabled searches by individual users in the region.
Key players in the global location based services market include Alibaba, Apple, Foursquare, Google, HERE, Aisle411, Baidu, Etisalat, Facebook, and MazeMap.
Prudour Pvt. Ltd. ( https://marketresearch.biz) is a specialized market research, analytics, and solutions company, offering strategic and tactical support to clients for making well-informed business decisions. We are a team of dedicated and impassioned individuals, who believe strongly in giving our very best to what we do and we never back down from any challenge. Prudour Pvt. Ltd. offers services such as data mining, information management, and revenue enhancement solutions and suggestions.
Kontakt
MarketResearch.Biz
Krutika Bhoot
Prudour Pvt. Ltd. 420 Lexington Avenue, Suite 300 NY
10170 New York City
+1 347 826 1876
krutika@marketresearch.biz
https://marketresearch.biz/