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Location-Based Services (LBS) Market Opportunities, Business Strategy and Growth Factors till 2026
According to a research report "Location-Based Services (LBS) and Real-Time Location Systems (RTLS) Market with COVID-19 Impact Analysis, by Component (Platform, Services, and Hardware), Location Type (Indoor and Outdoor), Application, Vertical and Region - Global Forecast to 2026" published by MarketsandMarkets, the global Location-Based Service (LBS) and Real-Time Location Systems (RTLS) market size is expected to grow USD 20.0 billion in 2021 to USD 48.5 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 19.4% during the forecast period. The Location-Based Service (LBS) and Real-Time Location Systems (RTLS) market is growing due to Proliferation of social media, smartphones, and location-based applications among consumers.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=96994431
Indoor segment to grow at the highest CAGR during the forecast period
Indoor positioning tracks all the data, objects, or people within an enclosed area using magnetic fields, acoustic signals, radio waves, or other sensory information collected by connected devices. The technology helps in recording real-time monitoring of data to visualize a visitors’ behavior and preferences. Earlier, GPS was used for the same purpose. However, due to signal interference from hard walls, indoor location positioning technologies were introduced. Unlike GPS, there is no single standard method for indoor navigation. For instance, Google uses Wi-Fi technology to track a location while Broadcom chip supports indoor location systems through Wi-Fi, Bluetooth, and NFC. Apple released iBeacon, a BLE-based technology, to provide location-based information and services to iPhones and other iOS devices. Navigation systems for indoor locations were built to acquire highly accurate localization and address the inefficiencies of GPS in such locations.
Location-based health monitoring segment is expected to grow at a higher CAGR during the forecast period
An increasing number of LBS-based applications focus on healthcare, particularly on exercise and fitness monitoring, remote health monitoring, fall detection, and lone worker protection among others. In recent years, there has been a trend in integrating LBS with other wearable sensors (to sense heart rate, blood pressure, and body temperature) for health monitoring and providing personalized healthcare information and services. LBS is also being used as assistive technology to enable visually impaired people and differently abled and elderly people to perform their daily living activities independently and experience an improved quality of life. These assistive systems provide assisted-living functions, such as personalized navigation, obstacle detection, space perception, and independent shopping. The increasing awareness relate to preventive healthcare also significantly affected the fitness trend in recent years. Several desk job workers are facing health problems due to reduced physical activity. This, in turn, is expected to lead to an increased number of advanced wellness and fitness solutions. The increasing demand for wellness and fitness solutions as well as wearable devices is expected to boost the demand for location-based health monitoring.
Get More Info @ https://www.marketsandmarkets.com/Market-Reports/location-based-service-market-96994431.html
Asia Pacific (APAC) region to record the highest growing region in the Location-Based Service (LBS) and Real-Time Location Systems (RTLS) market
The APAC LBS and RTLS market is projected to witness significant growth opportunities in the next five years. The existence of a large population, developing technologies, and high economic growth in countries, such as China, India, Australia, Japan, Singapore, and Hong Kong are the major contributing factors for the growth of the LBS and RTLS market in the region.
Key and innovative vendors in Location-Based Service (LBS) and Real-Time Location Systems (RTLS) market are AiRISTA Flow (US), Apple (US), Aruba Networks (US), CenTrak (US), Cisco (US), Ericsson (US), ESRI (US), GE Healthcare (US), Google (US), HERE (Netherlands), IBM (US), KDDI (Japan), Leantegra (US), Microsoft (US), Navigine (US), NTT Docomo (Japan), Oracle (US), Qualcomm (US), Quuppa (Finland), Sewio Republic (Czech Republic), Spime (US), Stanley Healthcare (US), Teldio (Canada), TomTom (Netherlands), Ubisense (UK), Zebra Technologies (UK).
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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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Our new generation does not consider SOPs as they find it hard to keep distance from their friends. Indeed, we need more socialization as COVID-19 has made
Jan 29, 2019 (MarketersMedia via COMTEX) -- WiseGuyReports.com adds "Location-Based Services (LBS) Market 2019 Global Analysis, Growth, Trends and...
WiseGuyReports.com adds "Location-Based Services (LBS) Market 2019 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2024" reports to its database
LBS provide B2B and B2C sectors with a plenty of opportunities. Learn more about use cases of location-based apps and their advantages.
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This article made so much sense and addressed the basics so well that we decided to post it here, as a reminder to us all that you need to be Easy to Find, Easy to Do, and Easy to Share!
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Location-Based Services (LBS) and Real Time Location Systems (RTLS) Market Size, Status and Forecast 2022
Location-Based Services (LBS) and Real Time Location Systems (RTLS) Market Size, Status and Forecast 2022
Location-Based , Location-Based Services, Real Time Location, Real Time Location Systems, Location-Based Services market, Location-Based Services trends, Location-Based Services forecast, Location-Based Services industry, Request For Description @ https://www.reportsandmarkets.com/reports/global-location-based-services-lbs-and-forecast-2022-1684215 Location-Based Services (LBS) and Real…
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: Location-based marketing help brands & retailers advance their marketing and promotional ambition. It helps them increase store-traffic & score conversions.
Brands and Retailers today look to connect with their customers at a more evolved level. Location-based marketing sure is handy.