According to a market report by Lucintel, the future of the global location analytics market looks promising with opportunities in the remote monitoring, sales and marketing optimization, asset management, risk management, and facility management markets. The global location analytics market is expected to reach an estimated $56 billion by 2030 with a CAGR of 16% from 2024 to 2030. The major drivers for this market are growing need for supply chain processes to be optimized through real-time location tracking, growing adoption of internet of things (IoT) devices across multiple sectors, and the introduction and progressive commercialization of driverless cars.
A more than 150–page
report is developed to understand Trends, opportunity and forecast in location
analytics market to 2030 by component (solutions and services), application
(remote monitoring, sales and marketing optimization, asset management, risk
management, facility management, and others), deployment mode (on-premises and
cloud-based), end use industry (BFSI, healthcare, hospitality, government,
transport and logistic, it and telecom, retail and consumer goods, media and
entertainment, and others), and region (North America, Europe, Asia Pacific,
and the Rest of the World).
In this market,
solutions and services are the major segments of location analytics market by
component. Lucintel forecasts that services is expected to witness the higher
growth over the forecast period due to rising need for specialist analytics
skills and the popularity of cloud-based solutions, as well as, businesses are
using outside suppliers to handle more and more of their maintenance, training,
and data analysis needs.
Within this market,
remote monitoring will remain the largest segment due to proliferation of
linked devices, the growing need for real-time data analytics, and the
development of IoT technologies, along with the desire for improved operational
efficiency and preventive maintenance.
North America will
remain the largest region over the forecast period due to growing use of
geographic information systems and analytical business intelligence, as well as
a growing emphasis on customer requirements and satisfaction in the area.
Alteryx, Cisco Systems,
Galigeo, Google, Here Technologies, Hexagon, Microsoft Corporation, Oracle
Corporation, Pitney Bowes, and Sisense are the major suppliers in the location
analytics market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
Explore Our Latest Publications
Microelectronic
Medical Implants Market
No comments:
Post a Comment