PUBLISHER: Meticulous Research | PRODUCT CODE: 1518325
PUBLISHER: Meticulous Research | PRODUCT CODE: 1518325
Location Intelligence Market by Offering, Deployment Mode, Organization Size, Sector (Transportation & Logistics, Retail & E-Commerce, Government & Defense, BFSI, Travel & Tourism)-Global Forecast to 2031.
The research report titled, 'Location Intelligence Market by Offering, Deployment Mode, Organization Size, Sector (Transportation & Logistics, Retail & E-Commerce, Government & Defense, BFSI, Travel & Tourism)-Global Forecast to 2031,' provides an in-depth analysis of the global location intelligence market across five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2031.
The global location intelligence market is projected to reach $76.2 billion by 2031, at a CAGR of 12.9% from 2024 to 2031.
The growth of the location intelligence market is driven by the proliferation of location-based solutions in the retail sector, the increased use of spatial data and analytics across end-use industries, and the increasing importance of asset management across the industrial sector. However, dynamic government rules & regulations for public safety may restrain the market's growth.
Furthermore, the increasing adoption of drones for various applications and the constant upgrades in mapping and navigation solutions are expected to offer significant growth opportunities for the location intelligence market. However, high procurement and implementation costs, security & privacy, and accuracy issues may hinder the growth of this market.
The location intelligence market is segmented based on offering (solutions and services), deployment mode (on-premise and cloud-based), organization size (small & medium-sized enterprises and large enterprises), and sector (transportation & logistics [tracking & planning, supply chain management, and others], retail & E-commerce [customer experience management, sales & marketing optimization, supply chain management, asset management, and others], media & entertainment [location analysis, customer experience management, and others], BFSI [risk management, customer experience management, and others ], government & defense [risk management, safety & security, tracking & planning, and others].
IT & telecom [risk management, customer experience management, and others], energy & utilities [operations performance, asset management, and others], marketing & advertising [sales & marketing optimization, customer experience management, and others], travel & tourism [customer experience management, tracking & planning, sales & marketing optimization, and others], real estate [tracking & planning, sales & marketing optimization, customer experience management, and others]). The study also evaluates industry competitors and analyzes the market at the regional & country levels.
Based on offering, the location intelligence market is segmented into solutions and services. In 2024, the solutions segment is expected to account for the larger share of the global location intelligence market. The large market share of this segment is attributed to the rising demand for location intelligence solutions from the transportation & logistics industry for real-time insights, the increasing incorporation of location-based solutions to offer automated driving experience & navigation services, and the rising demand for location intelligence platforms to promote proximity marketing across the retail industry.
Moreover, this segment is also projected to register the highest CAGR during the forecast period.
Based on deployment mode, the location intelligence market is segmented into on-premise and cloud-based. In 2024, the cloud-based deployment segment is expected to account for the larger share of the location intelligence market. The large market share of this segment is attributed to the rising adoption of cloud computing and storage systems from small & medium-sized enterprises, and the increasing transition to cloud infrastructure due to benefits offered by cloud infrastructure, such as the ease of adoption, the minimal requirement for in-house infrastructure, high scalability, and easy installation of location intelligence solutions.
Moreover, this segment is also projected to register the highest CAGR during the forecast period.
Based on organization size, the location intelligence market is segmented into small and medium-sized enterprises and large enterprises. In 2024, the large enterprises segment is expected to account for the larger share of the global location intelligence market. The large market share of this segment is attributed to the strong IT infrastructure of large enterprises, the growing adoption of advanced technologies to support location intelligence solutions, and the development of strategic IT initiatives.
However, the small and medium-sized enterprises segment is projected to register the highest CAGR during the forecast period.
Based on sector, the location intelligence market is segmented into transportation & logistics, retail & E-commerce, media & entertainment, BFSI, government & defense, IT & telecom, energy & utilities, marketing & advertising, travel & tourism, real estate, and other sectors. In 2024, the transportation & logistics segment is expected to account for the largest share of the global location intelligence market. The large market share of this segment is attributed to the rising demand for location intelligence solutions across the transportation industry, increasing usage of GPS vehicle trackers & personal tracking systems, and increasing deployments of location intelligence solutions by leading LBS players.
However, the retail & e-commerce segment is projected to register the highest CAGR during the forecast period.
Based on geography, the location intelligence market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of the Location Intelligence market. The Asia-Pacific region's major market share can be attributed to various factors, including the increasing deployments of real-time traffic solutions, increasing demand for map platforms by the food & beverage industry to deliver fresh products, and increasing government initiatives to implement location-based technologies across various sectors.
Moreover, Asia-Pacific is also projected to register the highest CAGR during the forecast period.
The key players operating in the global location intelligence market are Autodesk, Inc. (U.S.), Esri (U.S.), HERE Global B.V. (Netherlands), TIBCO Software Inc. (U.S.), Trimble Inc. (U.S.), Qualcomm Technologies, Inc. (U.S.), Google LLC (U.S.), CartoDB Inc. (U.S.), Cisco Systems, Inc. (U.S.), Pitney Bowes Inc. (U.S.), TomTom N.V. (Netherlands), Hexagon AB (Sweden), Microsoft Corporation (U.S.), Precisely (U.S.), and Cuebiq Inc. (U.S.) .
Location Intelligence Market Assessment-by Offering
Location Intelligence Market Assessment-by Deployment Mode
Location Intelligence Market Assessment-by Organization Size
Location Intelligence Market Assessment-by Sector
Location Intelligence Market Assessment-by Geography