The Africa location-based services market size is expected to grow from USD 0.26 billion in 2024 to USD 0.45 billion by 2029, at a CAGR of 11.68% during the forecast period (2024-2029).
The competitive landscape of the African location-based Services Market exhibits moderate consolidation, with a handful of market vendors holding significant market share. Furthermore, market players are increasingly focusing on delivering innovative solutions to a wide range of industries and actively engaging in numerous collaborations and acquisitions to strengthen their market presence.
In September 2022, Inpixon, a prominent Indoor Intelligence company, announced a strategic partnership with Schauenburg Systems, an original equipment manufacturer (OEM) specializing in mine safety systems and equipment. This collaboration is aimed at marketing Inpixon's cutting-edge real-time location technologies to mining companies in South Africa. Under this agreement, the companies will work together to promote the sales of Inpixon's nanoLOC chips and other core technologies, which provide essential features such as collision avoidance, real-time tracking, and proximity applications tailored for the mining industry.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook