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Global Location Based Mapping Market, By Component (Platform, Hardware, Services), Technology (GPS, Assisted GPS (A-GPS), Enhanced GPS (E-GPS), Enhanced Observed Time Difference, Observed Time Difference, Cell ID, Wi-Fi, Others), Location Type (Indoor, Outdoor), End User (Transportation and Logistics, Retail, Government, Tourism and Hospitality, Manufacturing, Healthcare and Life Sciences, Media and Entertainment, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The location based mapping market size is valued at USD 192,521.7 million by 2028 and is expected to grow at a compound annual growth rate of 26.40% in the forecast period of 2021 to 2028. Data Bridge Market Research report on location based mapping provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
The location based mapping are specialized maps which are dedicated to finding a specific location, screening how to go from here to there in the clearest possible way, with information straight applicable to a definite journey such as points of interest, recognizable landmarks, petrol stations, hotels and any other hint helpful along the way.
The proliferations of location based apps among consumers have been directly influencing the growth of location based mapping market over the forecast period of 2021 to 2028. Also the rapid increase in use of location based mobile advertising and increasing demand for geo marketing are also flourishing the growth of the location based mapping market. Also the emergence of ride-haling services is also positively impacting the growth of the market. Furthermore, the proliferation of smartphones, social media and location-based apps among consumers is also acting as an active growth driver towards the growth of the location based mapping market. Moreover, the rapidly increasing use of 5G for is creating a huge demand for location based mapping as well as lifting the growth of the location based mapping market.
However, the high cost of RTLS as well as the strict government rules and regulations are acting as the major restrictions for the growth of location based mapping in the above mentioned forecasted period, whereas the growing privacy and security concerns can challenge the location based mapping market growth in the forecast period of 2021 to 2028.
Likewise, the increasing demand for wearable devices along with rapid increase of location based advertising due to the help of geospatial data helping companies in pinpointing the location of users will further cater ample new opportunities that will lead to the growth of the location based mapping market in the above mentioned forecasted period.
This location based mapping market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the location based mapping market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
The location based mapping market is segmented on the basis of component, technology, location type and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
The location based mapping market is analyzed and market size, volume information is provided by country, component, technology, location type and end user as referenced above.
The countries covered in the location based mapping market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
North America leads the location based mapping market due to the constant technological advancements in this field as well as the enhanced financial support from the government in the region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the increasing demand of these services from the transportation and logistics industry within this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and Porter's Five Forces Analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The location based mapping market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to location based mapping market.
The major players covered in the location based mapping market report are Cisco Systems, Inc., Google, IBM, Microsoft, Oracle, Telefonaktiebolaget LM Ericsson, Qualcomm Technologies, Inc.,TomTom International BV., Esri, Zebra Technologies Corp., Teldio Corporation, HERE, Navigine, AiRISTA Flow, Inc., Quuppa, UBISENSE, Apple Inc.,Leantegra Inc., Trimble Inc., and KDDI CORPORATION among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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