Global Location Based Marketing Services Market to Reach $235.6 Billion by 2030
The global market for Location Based Marketing Services estimated at US$66.8 Billion in the year 2023, is expected to reach US$235.6 Billion by 2030, growing at a CAGR of 19.7% over the period 2023-2030. Physical Location-based Marketing Services, one of the segments analyzed in the report, is expected to record 19% CAGR and reach US$147.5 Billion by the end of the analysis period. Growth in the Location of Interest-based Marketing Services segment is estimated at 21% CAGR for the next 7-year period.
The U.S. Market is Estimated at $20.7 Billion, While China is Forecast to Grow at 18.8% CAGR
The Location Based Marketing Services market in the U.S. is estimated at US$20.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$39.6 Billion by the year 2030 trailing a CAGR of 18.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.5% and 17% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 14.5% CAGR.
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