PUBLISHER: Mordor Intelligence | PRODUCT CODE: 1624584
PUBLISHER: Mordor Intelligence | PRODUCT CODE: 1624584
The APAC Location Analytics Market is expected to register a CAGR of 18.21% during the forecast period.
The pandemic significantly impacted various businesses worldwide, with countries such as India and China being adversely affected by the outbreak of the virus. As a result, smartphone usage increased significantly globally, and location analysis solutions increased. The Government of India has greatly benefited from using it, as it has assisted authorities in conducting effective contact tracing for people who met COVID-positive patients.
Analysts expect the global penetration of the distance warning feature to reach 76% of light-duty vehicles in 2025, with a growing share (likely between a quarter and a third) of these relying on an ADAS map. Other ADAS features include distance warning with predictive powertrain, intelligent speed assistance, and lane departure alerts.
The benefits of digitalization are felt at various levels across enterprises, e.g., sales and marketing, operations, strategy, IT management, and R&D. Data is collected and analyzed to gain insights that improve decision-making, accountability, efficiency, and business performance.
Location intelligence combines mapping and geospatial services with a company's or organization's data. Location intelligence is a subset of business intelligence whereby a business visualizes the data it generates, e.g., performance data, pricing, cost data, etc., on a map (or applies location services) for improved tactical and strategic decision-making.
Use cases for location intelligence include geo-marketing, location-targeted advertising, site location planning (e.g., retail stores, restaurants, fueling stations, and other infrastructure like mobile radio access networks), and remote equipment performance monitoring. Asset tracking, fleet management, on-demand mobility services, and other business functions can also be enhanced with location services.
A BCG global survey on location intelligence for enterprises conducted across 520 companies in February last year shows the high importance of location data to business performance across different sectors, where 95% said that mapping and geospatial data are essential in achieving desired business results today and 91% said that they would be even more essential in three to five years, including in real estate, logistics and delivery, retail, and e-commerce.
Companies operating in the Asia-Pacific Location Analytics Market focus on partnerships and innovations and are moderately concentrated. Some of the key vendors in the market include Cisco Systems, Microsoft Corporation, HERE, SAS Institute Inc., Oracle Corporation, SAP SE, ESRI (Environmental Systems Research Institute), Tibco Software Inc., Pitney Bowes, and Gaige.
In July 2022, Citility will work with HERE to use location services and application programming interfaces (APIs) in its solutions and products. This will provide actionable analytics that streamline city mobility operations and encourage the decarbonization of transportation and reduce traffic congestion, fleet management, smart city parking, and logistics to promote smart, sustainable living in India.
In July 2022, Google Maps announced partnerships with Genesys International and Tech Mahindra to launch Street View in India. The goal of these partnerships is to make helpful maps that make navigation and exploration easier and more accurate and to share important and useful location-based information with communities to help them.