Global Location Of Things Market Is Anticipated To Reach Around USD 71.55 Billion By 2025

Zion Market Research has published a new report titled “Location of Things Market By Location Type (Indoor and Outdoor), By Application (Location-Based Social Media Monitoring, Location-Based Customer Engagement & Advertising Platform, IoT Location Intelligence, IoT Asset Management, and Mapping & Navigation), and By Vertical (Government & Defense, Industrial Manufacturing, Healthcare, Retail, Media & Entertainment, BFSI, Transportation & Logistics, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global location of things market was USD 7.65 billion in 2018 and is expected to reach around USD 71.55 billion by 2025, growing at a CAGR approximately 37.63% between 2019 and 2025.

Location of Things (LoT) is a sub-division of (IoT) Internet of things. It is a system of interconnected devices that can communicate with each other by communications modes, such as Bluetooth, Wi-Fi, and Near Field Communication (NFC). Location is a critical characteristic of the internet of things technology, as it helps the devices to comprehend and analyze the current location by using Bluetooth Low Energy technology (BLE).

Browse the full “Location of Things Market By Location Type (Indoor and Outdoor), By Application (Location-Based Social Media Monitoring, Location-Based Customer Engagement & Advertising Platform, IoT Location Intelligence, IoT Asset Management, and Mapping & Navigation), and By Vertical (Government & Defense, Industrial Manufacturing, Healthcare, Retail, Media & Entertainment, BFSI, Transportation & Logistics, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/location-of-things-market

The location of things market is expected to grow substantially in the years ahead, owing to the rising use of location-based services. Moreover, the technology helps to find different routes and sends push notifications enabling effective customer engagement. This technology is also helpful in reducing theft by tracking and alerts. The commercialization of location-based services, cab services, and navigation coupled with the surging adoption of IoT-based services and products are also driving the location of things market growth. Growing awareness among enterprise and business about the benefits of location-based services and real-time location analytics has boosted the demand for spatial data, thus fueling the demand for the location of things. Furthermore, the use of location-based spatial data saves time and helps avoid improper decision-making in organizations. The rising use of geographic information system and database tools, spatial data, and web mapping is also supporting this market. However, the privacy and security regarding an individual’s identity is the prime concern that may hinder the location of things market development in the years ahead.

By location type, the location of things market is bifurcated into indoor and outdoor location. Both segments are anticipated to experience rapid growth in the years ahead. By vertical, the market includes retail, government and defense, healthcare, industrial manufacturing, media and entertainment, transportation and logistics, BFSI, and others. The transportation and logistics segment is expected to hold a substantial share of the global market in the future, owing to the availability of a wide of range of logistic solution and the development of connected car solutions and technology, which eventually enhances a business’ operational efficiency.

North America will hold a sizeable share of the location of things market globally in the future, due to the rising penetration of smartphones, technology proliferation, and faster network connectivity. Moreover, the presence of prominent players in the U.S. and various technological advancements will majorly contribute to the region’s location of things market growth. Furthermore, the developing countries in the Asia Pacific like India and China will positively influence the location of things market growth across the globe.

Some major players of the location of things market are Google, Bosch Software Innovations, Microsoft, Qualcomm Technologies, IBM, ESRI, Ubisense Group, Wireless Logic, HERE, Pitney Bowes, TIBCO Software, and Telogis.

This report segments the global location of things market into:

Global Location of Things Market: Location Type Analysis

• Indoor Location
• Outdoor Location

Global Location of Things Market: Application Analysis

• Location-Based Social Media Monitoring
• Location-Based Customer Engagement and Advertising Platform
• IoT Location Intelligence
• IoT Asset Management
• Mapping and Navigation

Global Location of Things Market: Vertical Analysis

• Government and Defense
• Industrial Manufacturing
• Healthcare
• Retail
• Media and Entertainment
• BFSI
• Transportation and Logistics
• Others

Global Location of Things Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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