PUBLISHER: Meticulous Research | PRODUCT CODE: 1377815
PUBLISHER: Meticulous Research | PRODUCT CODE: 1377815
Asia-Pacific Location Intelligence Market by Offering, Deployment Mode, Organization Size, Sector (Transportation & Logistics, Retail & E-Commerce, Government & Defense, BFSI, Travel & Tourism), and Country-Global Forecast to 2030
The research report titled, 'Asia-Pacific Location Intelligence Market by Offering, Deployment Mode, Organization Size, Sector (Transportation & Logistics, Retail & E-Commerce, Government & Defense, BFSI, Travel & Tourism), and Country-Global Forecast to 2030,' provides an in-depth analysis of Asia-Pacific location intelligence market in five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2030.
The Asia-Pacific location intelligence market is projected to reach $24.6 billion by 2030, at a CAGR of 15.4% during the forecast period of 2023-2030. The growth of the Asia-Pacific location intelligence market is mainly driven by the proliferation of location-based solutions in the retail sector, the growing use of spatial data and analytics across industries, and the increasing need for asset management in the industrial sector. However, dynamic government rules and regulations for location-based services and the lack of awareness and spatial intelligence expertise are factors restraining the growth of this market.
Furthermore, the growing adoption of drones for various applications and the constant upgrades in mapping and navigation solutions are expected to generate growth opportunities for market stakeholders. However, high procurement and implementation costs and security, privacy, and accuracy issues are major challenges to market growth.
The Asia-Pacific location intelligence market is segmented by offering (solutions and services), deployment mode (on-premise deployment and cloud-based deployment), organization size (large enterprises and small & medium-sized enterprises), sector (transportation & logistics, retail & e-commerce, government & defense, BFSI, travel & tourism, IT & telecom, media & entertainment, construction, marketing & advertising, utilities, energy, and other sectors). The study also evaluates industry competitors and analyzes the market at country levels.
Based on offering, the Asia-Pacific location intelligence market is segmented into solutions and services. In 2023, the solutions segment is expected to account for the larger share of the Asia-Pacific location intelligence market. The large market share of this segment is attributed to the increasing popularity of map-based visualizations and the increasing need for location intelligence solutions for improved decision-making and enhanced customer insights.
However, the services segment is projected to register a higher CAGR during the forecast period due to the growing emphasis by market players on offering data hosting and infrastructure services and the growing need for collection, analysis, visualization, and interpretation of location-based data.
Based on deployment mode, the Asia-Pacific location intelligence market is segmented into on-premise deployment and cloud-based deployment. In 2023, the on-premise deployment segment is expected to account for the larger share of the Asia-Pacific location intelligence market. The large market share of this segment is attributed to the increasing need for on-premise location intelligence solutions by the BFSI sector to ensure data security, regulatory compliance, and the rising need to ensure the security and privacy of stored data.
However, the cloud-based deployment segment is projected to register a higher CAGR during the forecast period due to the growing cloud-based location intelligence to enhance public services, facilitate economic development, and improve overall governance, the increasing need for mapping and visualization capabilities, and the increasing benefits offered by cloud-based deployments, such as easy maintenance of the and effective management of location intelligence solutions.
Based on organization size, the Asia-Pacific location intelligence market is segmented into large enterprises and small & medium-sized enterprises. In 2023, the large enterprises segment is expected to account for the larger share of the Asia-Pacific location intelligence market. The large market share of this segment is attributed to the growing adoption of advanced technologies to support location intelligence solutions and the development of strategic IT initiatives.
However, the small & medium-sized enterprises segment is projected to register the highest CAGR during the forecast period due to the increasing adoption of location intelligence solutions to get insights regarding market trends, consumer behaviors, foot traffic patterns, and logistics operations.
Based on sector, the Asia-Pacific location intelligence market is segmented into transportation & logistics, retail & e-commerce, media & entertainment, BFSI, government & defense, IT & telecommunications, energy, utility, marketing & advertising, travel & tourism, construction, and other sectors. In 2023, the transportation & logistics segment is expected to account for the largest share of the Asia-Pacific location intelligence market. The large market share of this segment is attributed to the growing use of location intelligence tools to analyze traffic patterns and congestion in real time and the increasing usage of location intelligence tools for route optimization.
However, the retail & e-commerce segment is projected to register the highest CAGR during the forecast period due to the increasing popularity of location-based surveys and feedback collection tools, the growing usage of retail asset management tools, and the increasing need for supply chain management in the retail sector.
Based on country/region, the Asia-Pacific location intelligence market is segmented into China, Japan, India, Singapore, South Korea, Australia & New Zealand, Taiwan, Indonesia, Thailand, Philippines, Malaysia, Vietnam, and the rest of Asia-Pacific. In 2023, China is expected to account for the largest share of the market in Asia-Pacific location intelligence market. The large market share of this market is attributed to the high penetration of mobile devices, a strong customer base for consumer solutions, and the rising deployments of map-based platforms across Chinese organizations. Also, this market is projected to register the highest CAGR during the forecast period.
The key players operating in the Asia-Pacific location intelligence market are HERE International B.V. (Netherlands), Google LLC (U.S.), TomTom N.V. (Netherlands), Esri (U.S.), Mapbox, Inc. (U.S.), Autodesk, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Trimble Inc. (U.S.), Qualcomm Technologies, Inc. (U.S.), Pitney Bowes Inc. (U.S.), Hexagon AB (Sweden), Microsoft Corporation (U.S.), CartoDB Inc. (U.S.), TIBCO Software Inc. (U.S.), and Precisely (U.S.).
Asia-Pacific Location Intelligence Market Assessment-By Offering
Asia-Pacific Location Intelligence Market Assessment-By Deployment Mode
Asia-Pacific Location Intelligence Market Assessment-By Organization Size
Asia-Pacific Location Intelligence Market Assessment-By Sector
Asia-Pacific Location Intelligence Market Assessment-By Country/Region
(Note: SWOT Analysis of the Top 5 Companies Will Be Provided)