Location-based Services (LBS) Market

Location-based Services (LBS) Market

Location-based Services (LBS) Market Global Industry Assessment & Forecast

# Pages:

180

Base Year:

2021

Nov - 2021

Format:

Report Code:

VMR-2021-0159

Segments Covered
  • By Product Hardware, Software, Services
  • By Application Location-based Advertising, Business Intelligence & Analytics, Fleet Management, Mapping & Navigation, Local Search & Information, Social Networking & Entertainment, Proximity Marketing, Asset Tracking, Others
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: 16.93 Billion
Revenue 2028: 4.96 Billion
Revenue CAGR (2022 - 2028): 16.98
Fastest Growing Region (2022 - 2028) North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst

Key Insights

The global Location-based Services (LBS) market was valued at USD 16.93 Billion in 2020 and is projected to reach USD 4.96 Billion by 2028, growing at a CAGR of 16.98% from 2021 to 2028.

Years Parameters
Historical Data (Actual Data) 2016-2020
Base Year Data 2020
Current Year Date 2021
Projected year data 2021-2028
Annual Market Size (2028) 4.96 Billion
Annual Market Size (2021)
CAGR (2021 - 2028) 16.98%

Overview and Description

A location-based service (LBS) is a common term for software services which employs geographic data and information to provide information or services to users. The report aims to hand over an overview of the global ships turbocharger market with exhaustive market segmentation analysis by Component which includes Software, Hardware, and Services, By Technology which includes GPS, Assisted GPS (A-GPS), Enhanced GPS (E-GPS), Enhanced Observed Time Difference, Observed Time Difference, Cell ID, Wi-Fi, and Others, By Application which includes Location-based Advertising, Business Intelligence & Analytics, Fleet Management, Mapping & Navigation, Local Search & Information, Social Networking & Entertainment, Proximity Marketing, Asset Tracking, and Others, By End-User which includes Transportation & Logistics, Manufacturing, Government & Public Utilities, Retail, Healthcare & Life Sciences, Media & Entertainment, IT & Telecom, BFSI, Hospitality, and Others, and By geography. The study also provides key statistics and numbers on the market rank of the prominent Location-based Services market key players and offers key opportunities and trends in the market.


This report provides an analysis of the Location-based Services (LBS) market for the historic period of 2016–2019 and forecasts for 2021–2028 while 2020 is considered as a base year for estimations. The report includes exhaustive analysis of segments, regions and countries comprising of market size and estimations in terms of revenue for the years 2016–2028. There regional section of the report is bifurcated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Moreover, the report also covers exhaustive information on growth factors/drivers, restraints, opportunities, regulatory landscape and technology roadmap among others. Moreover, the report also includes exhaustive SWOT analysis, PEST analysis, value chain analysis, and Porter’s five forces analysis on Location-based Services (LBS) market. This data is likely to help the industry stakeholders and stimulate the decision-making process.

vantage Market img 16.93 Billion 4.96 Billion

COVID-19 Impact Analysis

The COVID-19 outbreak has affected various industries worldwide. The Location-based Services (LBS) market is no exception. Governments across the world took severe actions like border seals, lockdown, and implementing strict social distancing measures, in order to stop swift spread of COVID-19. These actions led to severe impact on the global economy. Industrialist across the globe were forced to halt their production, leading to supply chain disruptions and impairing of various industries. However, it is expected that reopening of trade activities, the market will witness steady growth in demand in the coming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.


The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long-term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

Industry Analysis

Arrival of digitalization increases the demand for location-based services (LBS), due to its ability to offer customized solutions marketing strategies, which, in turn, develops new opportunities in terms of revenue growth for market players choosing for these solutions. 

The rising adoption of social media, smartphones, and the easy accessibility of GPS technology is anticipated to fuel market growth for Location-based Services (LBS). Location-based services help increasing analytical solution demand, due to their capability to analyze and provide real-time geo-data. 

Location-based services presently practice huge risk from government regulations and policies on consumer solitude. Most of the application in software developers are becoming attentive of the rising international secrecy laws, and the market codes of self-regulation, which govern its usage.

Global Location-based Services (LBS) Market Report Scope

Parameter Details
Market Size Provided for Years 2016-2028
Base Year 2020
Historic Years 2016-2020
Forecast Years 2021-2028
Market Size Provided In Terms Of Revenue & Volume
Segments Covered Product, Application
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Countries Covered The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others
Companies Covered Aruba Networks, Cisco, Google, Esri, IBM, Microsoft, Oracle, TomTom, Teldio, HERE, Ericsson, Foursquare, Navigine, AiRISTA Flow, Quuppa, Ubisense, Apple, Qualcomm, STANLEY Healthcare, Bharti Airtel LTD., Cisco Systems Inc., Microsoft Corporation, Google Inc., Oracle Corporation, Alcatel-Lucent SA.
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

Market Segmentation

The report delivers an acute breakdown of the market based on various segments such as Product, Application, , and region. The report includes market size and forecast for each segment by region/country for the years 2016–2028. Moreover, it also covers a thorough analysis of growth factors and opportunities impacting segmental growth.

On the basis of Product, the market is divided into Hardware, Software, Services. Services dominated the global Location-based Services (LBS) market in 2020 and is projected to witness the same trend during the forecast period.

Based on Application, the market is segmented into Location-based Advertising, Business Intelligence & Analytics, Fleet Management, Mapping & Navigation, Local Search & Information, Social Networking & Entertainment, Proximity Marketing, Asset Tracking, Others. Mapping & Navigation accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028. 

Global Location-based Services (LBS) Market: Product Segment Analysis

    • Hardware
    • Software
    • Services

Global Location-based Services (LBS) Market: Application Segment Analysis

    • Location-based Advertising
    • Business Intelligence & Analytics
    • Fleet Management
    • Mapping & Navigation
    • Local Search & Information
    • Social Networking & Entertainment
    • Proximity Marketing
    • Asset Tracking
    • Others

Regional Analysis: Preview

Based on the geography, the global Location-based Services (LBS) market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. Moreover, the regional sections if further bifurcated into key country level markets for better understanding of the market.

The report covers detailed analysis on drivers, business opportunities, regulatory norms, supplier concertation and such other factors impacting regional growth. Moreover, it also covers market estimations and forecast for each segment for each region for the years 2016–2028. 

Market Size, 2021 (USD Billion)
North America
Europe
Asia Pacific
South America
Middle East Africa

Global Location-based Services (LBS) Market: Regional Analysis

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of MEA

Competitive Landscape

The global Location-based Services (LBS) market report provides an exhaustive competitive landscape to give a comprehensive synopsis of the global market. Major players in the Location-based Services (LBS) market are Aruba Networks, Cisco, Google, Esri, IBM, Microsoft, Oracle, TomTom, Teldio, HERE, Ericsson, Foursquare, Navigine, AiRISTA Flow, Quuppa, Ubisense, Apple, Qualcomm, STANLEY Healthcare, Bharti Airtel LTD., Cisco Systems Inc., Microsoft Corporation, Google Inc., Oracle Corporation, Alcatel-Lucent SA..  This section of the report provides in depth analysis on key market players based on various parameters such as business overview, portfolio analysis, business strategies, financial performance, geographical presence, and recent developments among others. It will also include information on key strategies adopted by major market players. 

Global Location-based Services (LBS) Market: Key Highlights

  • The global Location-based Services (LBS) market was valued at USD 16.93 Billion in 2020
  • The global Location-based Services (LBS) Market is projected to reach USD 4.96 Billion by 2028
  • North America held the highest share of the Location-based Services (LBS) market in 2020
  • Some of the major companies operating in the Location-based Services (LBS) market are Aruba Networks, Cisco, Google, Esri, IBM, Microsoft, Oracle, TomTom, Teldio, HERE, Ericsson, Foursquare, Navigine, AiRISTA Flow, Quuppa, Ubisense, Apple, Qualcomm, STANLEY Healthcare, Bharti Airtel LTD., Cisco Systems Inc., Microsoft Corporation, Google Inc., Oracle Corporation, Alcatel-Lucent SA.

FAQ
Frequently Asked Question
  • The global Location-based Services (LBS) valued at 16.93 Billion in 2020 and is expected to reach 4.96 Billion in 2028 growing at a CAGR of 16.98%.

  • The prominent players in the market are Aruba Networks, Cisco, Google, Esri, IBM, Microsoft, Oracle, TomTom, Teldio, HERE, Ericsson, Foursquare, Navigine, AiRISTA Flow, Quuppa, Ubisense, Apple, Qualcomm, STANLEY Healthcare, Bharti Airtel LTD., Cisco Systems Inc., Microsoft Corporation, Google Inc., Oracle Corporation, Alcatel-Lucent SA..

  • The market is project to grow at a CAGR of 16.98% between 2021 and 2028.

  • The driving factors of the Location-based Services (LBS) include

    • Arrival of digitalization increases the demand for location-based services (LBS), due to its ability to offer customized solutions marketing strategies, which, in turn, develops new opportunities in terms of revenue growth for market players choosing for these solutions.
    • The rising adoption of social media, smartphones, and the easy accessibility of GPS technology is anticipated to fuel market growth for Location-based Services (LBS). Location-based services help increasing analytical solution demand, due to their capability to analyze and provide real-time geo-data.

  • North America was the leading regional segment of the Location-based Services (LBS) in 2020.