According to a new market research report published by Global Insight Services ” Location-Based Services (LBS) and Real-Time Location Systems (RTLS) Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
LBS is a technology that uses location data to provide services or information to users. These services can be based on the user’s current location, their search history, or their preferences. RTLS is a technology that uses real-time location data to track and manage assets. This data can be used to improve asset utilization, optimize workflows, and improve safety and security.
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Key Players
- AiRISTA Flow
- Apple
- Aruba Networks
- CenTrak
- Cisco
- Ericsson
- ESRI
- GE Healthcare
Key Trends and Drivers
Location-based services (LBS) are software services that use location data to provide information or services to mobile device users. LBS can be used for a variety of purposes, such as providing navigation directions, finding local businesses, or tracking the location of assets.
Real-time location systems (RTLS) are a type of LBS that use sensor-based technology to track the location of objects or people in real time. RTLS can be used for a variety of applications, such as tracking the location of assets in a warehouse or monitoring the movement of patients in a hospital.
Some of the key trends in the LBS and RTLS market include:
- The increasing use of LBS and RTLS in asset tracking and fleet management applications.
- The growing adoption of LBS and RTLS in the healthcare industry.
- The increasing use of LBS and RTLS in location-based marketing applications.
- The growing adoption of LBS and RTLS in the automotive industry.
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Market Segments
By Component
- Platforms
- Hardware
- Services
By Location Type
- Outdoor
- Indoor
By Application
- Tracking and Navigation
- Marketing and Advertisement
- Location-based Social Networks
- Location-based Health Monitoring
- Others
By Vertical
- Transportation and Logistics
- Retail
- Government
- Manufacturing
- Tourism and Hospitality
- Healthcare and Life Sciences
- Media and Entertainment
- Others
Reasons to buy Location-Based Services (LBS) and Real-Time Location Systems (RTLS) Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
About Global Insight Services:
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