Global Location-Based Services and Real-Time Location Systems Market Growth (Status and Outlook) 2023-2029

Global Location-Based Services and Real-Time Location Systems Market Growth (Status and Outlook) 2023-2029

North America is expected to hold the largest market size during the forecast period. The US has emerged as the largest market for LBS and RTLS owing to the large-scale implementation of LBS and RTLS by organizations and enterprises in the country. The high pace of development of infrastructure in the US, along with the high growth of Internet of Things (IoT), Artificial Intelligence (AI), and cloud computing, can be attributed to the fast growth of the Location based services market in the US.

LPI (LP Information)' newest research report, the “Location-Based Services and Real-Time Location Systems Industry Forecast” looks at past sales and reviews total world Location-Based Services and Real-Time Location Systems sales in 2022, providing a comprehensive analysis by region and market sector of projected Location-Based Services and Real-Time Location Systems sales for 2023 through 2029. With Location-Based Services and Real-Time Location Systems sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Location-Based Services and Real-Time Location Systems industry.

This Insight Report provides a comprehensive analysis of the global Location-Based Services and Real-Time Location Systems landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Location-Based Services and Real-Time Location Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Location-Based Services and Real-Time Location Systems market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Location-Based Services and Real-Time Location Systems and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Location-Based Services and Real-Time Location Systems.

The global Location-Based Services and Real-Time Location Systems market size is projected to grow from US$ 19910 million in 2022 to US$ 62000 million in 2029; it is expected to grow at a CAGR of 17.6% from 2023 to 2029.

United States market for Location-Based Services and Real-Time Location Systems is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Location-Based Services and Real-Time Location Systems is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Location-Based Services and Real-Time Location Systems is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Location-Based Services and Real-Time Location Systems players cover Aruba Networks (US), Cisco (US), Google (US), Esri (US), IBM (US), Microsoft (US), Oracle (US), TomTom (Netherlands) and Teldio (Canada), etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Location-Based Services and Real-Time Location Systems market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Hardware
Software
Services

Segmentation by application
Government and Public Utilities
Retail
Tourism and Hospitality
Transportation and Logistics
Manufacturing
Healthcare and Life Sciences
Media and Entertainment
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Aruba Networks (US)
Cisco (US)
Google (US)
Esri (US)
IBM (US)
Microsoft (US)
Oracle (US)
TomTom (Netherlands)
Teldio (Canada)
HERE (Netherlands)
Ericsson (Sweden)
Foursquare (US)
Navigine (US)
AiRISTA Flow (US)
Quuppa (Finland)
Ubisense (UK)
Apple (US)
Qualcomm (US)
STANLEY Healthcare (US)
GE Healthcare (US)
CenTrak (US)
Spime (US)
KDDI (Japan)
NTT Docomo (Japan)
Zebra Technologies (US)

Please note: The report will take approximately 2 business days to prepare and deliver.