Location Analytics Market to Reach $31.13 Billion, Globally, by 2027 at 15.5% CAGR: Allied Market Research

- Proliferation of smartphones and upsurge in usage of GPS-enabled devices, growing usage of spatial data and analytical tools, increasing adoption of location analytics for asset management across various industries drive the global location analytics market

PORTLAND, Ore., March 18, 2021 /PRNewswire/ --  Allied Market Research published a report, titled, "Location Analytics Market by Component (Software and Services), Location Type (Indoor and Outdoor), Deployment Mode (On-premise and Cloud), Application (Remote Monitoring, Sales & Marketing Optimization, Asset Management, Risk Management, Facility Management, and Others) Industry Vertical (BFSI, Retail & Consumer Goods, Healthcare, Hospitality, Transport & Logistic, Government, IT & Telecom, Media and Entertainment, and Others), and Region: Global Opportunity Analysis and Industry Forecast, 2020-2027" According to the report, the global location analytics industry was estimated at $10.29 billion in 2019, and is anticipated to hit $31.13 billion by 2027, registering a CAGR of 15.5% from 2020 to 2027.

Download Sample Report: https://www.alliedmarketresearch.com/request-sample/9814 

Drivers, restraints, and opportunities:

Proliferation of smartphones and upsurge in usage of GPS-enabled devices, growing usage of spatial data and analytical tools, increasing adoption of location analytics for asset management across various industries, and rise in adoption of location analytics in retail sector drive the global location analytics market. On the other hand, consent and privacy concerns restrain the growth to some extent. Nevertheless, emergence of advanced technologies in the field of GIS, and integration of AI with location analytics are expected to create multiple opportunities in the industry.

Impact of Covid-19 Pandemic on Location Analytics Market:

• Adoption of location analytics has been increased during the outbreak of COVID-19 mainly to understand the impact of COVID-19 on consumer behavior and the economy.
• On the other hand, healthcare systems have experienced an extraordinary level of demand for location data, with multiple countries having to inspect medical facilities, including primary care clinics, hospitals, and retirement homes to examine care capacity and vulnerability.

Get detailed COVID-19 impact analysis on the Location Analytics Market: https://www.alliedmarketresearch.com/purchase-enquiry/9814

The software segment to dominate by 2027:

Based on component, the software segment contributed to more than three-fifths of the global location analytics market share in 2019, and is projected to rule the roost by the end of 2027. The growing need across the businesses to see trends on maps and graphics to optimize certain business opportunities drive the growth of the segment. On the other hand, the services segment would manifest the fastest CAGR of 16.8% throughout the forecast period. This is due to an extensive adoption of services among end users, as it ensures effective functioning of location analytics software throughout the process.

The transport and logistics segment to maintain the dominant share:

Based on industry vertical, the transport and logistics segment accounted for nearly one-fifth of the global location analytics market revenue in 2019, and is anticipated to lead the trail by 2027. The advent of digitalization fuels the need for location analytics in the transport & logistic industry, owing to its ability to offer customized marketing strategy solutions.  Simultaneously, the healthcare segment would garner the fastest CAGR of 22.4% from 2020 to 2027. This is attributed to rise in need to use maps and demographic data to identify vulnerable populations and disease surveillance with consistent, accurate, and latest data to enable informed decisions that may lead to improved site performance and outcomes.

For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/9814

Asia-Pacific, followed by North America, to rule the roost:

Based on geography, North America held the major share in 2019, generating around two-fifths of the global location analytics market. This is due to continuous technological advancements in location-based services field and enhanced financial support for technology development from the government in this province. At the same time, the same Asia-Pacific region would also showcase the fastest CAGR of 18.8% during the forecast period. This is owing to the factors such as the growth in number of industries, such as manufacturing, construction, real estate, tourism, and others; increase in adoption of smartphones and location-enhanced marketing; and integration of location-based search with social networking websites.

Key players in the industry:

• Microsoft Corporation
• Oracle Corporation
• Pitney Bowes
• Sisense Inc.
• Syncsort
• Trimble Inc.
• Alteryx
• Esri
• Google LLC
• HERE Technologies
• Hexagon

Official Press Release: https://www.alliedmarketresearch.com/press-release/location-analytics-market.html

Similar Research Reports for Information, Communication and Technology:

Supply Chain Analytics Market Expected to Reach $16.82 Billion by 2027

Workforce Management Market Expected to Reach $9,391 Million by 2027

Data Wrangling Market Expected to Reach $5.58 Billion by 2026

Self-Service BI Market is expected to reach $14.19 Billion by 2026

Warehouse Management System Market is worth $3,112 Million by 2022

AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model):

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com   
Web: https://www.alliedmarketresearch.com   
Follow Us on: LinkedIn Twitter

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg