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Location of Things Market - Increasing Use of Location-Based Applications Across Various Verticals

(IT-NEWSWIRE.COM, July 12, 2018 ) The report "Location of Things Market by Location Type (Indoor, Outdoor), Application (Mapping & Navigation, Location-Based Social Media Monitoring, IoT Asset Management, IoT Location Intelligence), Vertical, and Region - Global Forecast to 2022", The location of things market size is estimated to be USD 5.46 Billion in 2017, and is projected to reach USD 27.22 Billion by 2022, at a CAGR of 37.9% from 2017 to 2022.

Some of the major factors that are driving the growth of the location of things market include increasing importance of spatial data, democratization of geospatial data for IoT applications, and increase in the adoption of location-based applications across various verticals.

The mapping & navigation segment accounted for the largest share in the location of things market in 2016
The mapping & navigation segment accounted for the largest share of the location of things market in 2016. Mapping and navigation technology is used to study and analyze the data or the image generated. The integration of GIS and interactive mapping technology offer comprehensive solutions for facilities and workforce management. Spatial Extraction, Transformation, and Load (ETL) enables organizations to control the data flow by mapping geometry and characteristics of the source data with the destination data.

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The retail segment is expected to grow at the highest CAGR during the forecast period
The retail segment is estimated to grow at the highest CAGR during the forecast period. Retail is all about integrating advanced technologies with the existing infrastructure, delivering real-time offers to customers. By linking location-based technology with retail and e-commerce, retailers can find ways to maximize product distribution and come up with cross-sell and up-sell opportunities and also reduce costs of selling new products and improve customer relationships.

North America accounted for the largest share of the location of things market
As per the geographic analysis, North America accounted for largest share of the location of things market in 2016. Technological advancements and followed by robust internet infrastructure, widespread adoption of new technology and presence of a strong domestic solution providers have contributed to the growth of the market in this region.

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The major vendors covered in the location of things market for this study include Bosch Software Innovations GMBH (Berlin, Germany), ESRI (California, U.S.), Qualcomm Technologies, Inc. (California, U.S.), Wireless Logic (Berkshire, U.K.), Ubisense Group PLC. (Cambridge, U.K.), Google, Inc. (California, U.S.), IBM Corporation (Armonk, U.S.), Microsoft Corporation (Washington, U.S.), Pitney Bowes (Stamford, U.S.), HERE (Chicago, U.S.), Telogis (California, U.S.), and Tibco Software, Inc. (California, U.S.)

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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