The location intelligence market share’s net worth is anticipated to increase from US$ 18.85 billion in 2023 to more than US$ 81.74 billion by 2033. From 2023 to 2033, the market is anticipated to grow at a CAGR of 15.8%.
Location intelligence is increasingly used in the banking, financial services, and insurance (BFSI) sector to spot fraud, highlight legal fees, and promote special deals. To enhance the customer experience, commercial locations like stadiums, hotels, and airports provide way-finding alerts, quicker product delivery, and effective queue management.
Location intelligence is being employed more and more in drone analytics, 5G networks, and EV charging stations as a result of increased knowledge of its advantages. The education and training sector needs experts who can make decisions.
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Market growth is anticipated to be accelerated by the rising popularity of location-based applications and web mapping services. As more firms use spatial data and look for predictive analysis solutions globally. This market is therefore anticipated to expand quickly. Social media is also gaining popularity as a way to interact with clients and get their input directly.
Key Takeaways from Market Study
- The location intelligence market is expected to record a CAGR of 15.8% over the forecast period.
- It is estimated that the location intelligence market in North America is expected to remain strong during the forecast period, with 33% of total revenue.
- Sales & Marketing Optimization applications is likely to dominate the global market with a share of more than 19.5%.
- The system integration category segment dominated the industry and accounted for over 45% of the total market revenue.
- It is expected that the market in China is likely to demonstrate a high level of growth by 2033.
The Location Intelligence Market Segmentation by Category
By Vertical:
- BFSI
- Government & Defense
- Retail & Consumer Goods
- IT & Telecom
By Application:
- Workforce Management
- Asset Management
- Facility Management
- Risk Management
- Remote Monitoring
- Sales & Marketing Optimization
- Customer management
By Service:
- System Integration
- Consulting
By Region:
- North America
- Latin America
- Europe
- The Middle East and Africa
- East Asia
Table of Content
Executive Summary | Location Intelligence Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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