Location-Based Services (LBS) Market 2025-2029
The location-based services (LBS) market is forecasted to grow by USD 330 billion during 2024-2029, accelerating at a CAGR of 30.4% during the forecast period. The report on the location-based services (LBS) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by a rise in demand for personal and enterprise navigation services, high penetration of mobile computing devices, and rapid adoption of beacon technology.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's location-based services (LBS) market is segmented as below:
By Component
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