The new report by Expert Market Research titled,‘Global Location Intelligence Market Price, Share, Demand, Report and Forecast 2021-2026’, gives an in-depth analysis of the global location intelligence market, assessing the market based on its segments like application, end use, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Location Intelligence Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview (2016-2026)
Historical Market Size (2020): USD 12.21 Billion
Forecast CAGR (2021-2026): 1%
Forecast Market Size (2026): USD 29.90 Billion
The need of deployment of technology in transportation and logistics. Which is expected to drive the expansion of location intelligence in the coming years. Technologies like artificial intelligence (AI) and Internet of Things (IoT) are gaining traction. Mainly in warehouse management and operations as a result of the introduction of logistics automation. Automation uses location intelligence for remote administration and tracking of robots, enhancing its application in logistics management.
The expanding use of smart devices, combined with the growing demand for data-rich location solutions. As it improve customer engagement and operational efficiency, is likely to drive the market forward. LI’s use in charge point rollout for electric vehicles (EVs), 5G network deployment, and IoT drone analytics is growing as people become more aware of its benefits.
Location Intelligence Industry Definition and Major Segments
The collecting and analysis of geodata for the purpose of making more informed and sensible business decisions is referred to as location intelligence (LI). Organisations use it to collect and compile massive data, identify patterns and trends related to specific needs, and make effective strategic decisions. Government agencies also use it to allocate resources, effect public safety, and prevent fraud and abuse.
The market can be segmented On the basis of application
Sales and Marketing Optimisation
The market can be divided on end use
Transportation and Logistics
Retail and Consumer Goods
Government and Defence
Manufacturing and Industrial
IT and Telecommunication
the industry is divided On the basis of region,
Middle East And Africa
Location Intelligence Market Trends
Geospatial analytics technology is pushing the market for location intelligence. Which include transportation sector to detect traffic patterns, due to the increased usage of smartphones and internet services. Increased network infrastructure and smart device adoption, combined with increased digitalisation. All This enabled organisations to acquire user data, which is expected to drive market expansion even further. The growing use of GPS devices, rising spending on connected devices. And technological advancements in the field of GIS technology are driving the location analytics market.
Key Market Players
The major players in the market are Esri, Navizon, Inc., Tibco Software, Inc., and CartoDB Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments. And also mergers and acquisitions, among other latest developments of these market players.
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