The global Location Of Things Market size is expected to reach USD 216.68 billion by 2030, registering a CAGR of 23.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. The increasing penetration of smartphones and enhanced network connectivity coupled with the increasing demand for personalized services are propelling the market growth.
Location
of things is an emerging sub-category of the IoT concept that enables connected
devices to monitor and communicate their geographic location. Enabled by IoT
sensors and location technologies embedded into various connected devices
allows organizations and service providers to collect a variety of data over
the network. Over the years, a variety of location-based services has been
introduced, such as Google Maps, Uber, Waze, and many others, which have been
enabled by the ability of a smartphone to locate itself. Location being the
most vital dimension of the data collected allows service providers to provide
contextual content for each user.
Advancements
in connected wearable devices, connected vehicles, connected homes, smart
cities, and Industrial IoT (IIoT) are bound to open extensive market avenues
for the location of things market in the coming years. However, issues related
to privacy and safety along with universally accepted standards are expected to
challenge the industry.
List of Key Players in the Location Of Things Market
- ESRI
- Wireless
Logic
- HERE
- Navizon,
Inc.
- Bosch.IO
GmbH
- Pitney Bowes
Inc.
- TIBCO (Cloud
Software Group, Inc.)
- Trimble Inc.
- Qualcomm
Technologies, Inc.
Related Press
Release@ Location Of Things Market Report
Location Of Things Market Report Highlights
- North
America dominated the global market and accounted for the largest revenue
share of 30.3% in 2022. Technology proliferation, increased penetration of
smartphones, and enhanced network connectivity have led to a faster
adoption rate in North America than in other regions.
- The mapping
and navigation segment accounted for the highest revenue share of around
33.3% in 2022 and is estimated to register the fastest CAGR of 24.2% over
the forecast period. The mapping and navigation technology enables users
to track and monitor the movement of various physical devices.
- The
transportation and logistics segment accounted for the largest revenue
share of around 24.8% in 2022 and is estimated to register the fastest
CAGR of 24.4% over the forecast period, which is followed by the
manufacturing and industrial segment. The development of connected car
technologies and a variety of logistics solutions have enhanced the
operational efficiencies and reduced the time-to-delivery for the
transportation sector.
- Asia Pacific
is expected to register the highest CAGR of 24.7% over the forecast period
owing to the increased spending on connected devices, investments in
various IoT technologies, and increasing demand for personalized services.
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Location Of Things Market Segmentation
Grand
View Research has segmented the global location of things market on the basis
of on application, vertical, and region:
Location Of Things Application Outlook (Revenue, USD
Million, 2017 - 2030)
- Mapping And
Navigation
- Asset
Management
- Location
Intelligence
- Media And
Marketing Engagement
Location Of Things Vertical Outlook (Revenue, USD
Million, 2017 - 2030)
- Government,
Defence And Public Utilities
- Transportation
And Logistics
- Retail And
Consumer Goods
- Manufacturing
And Industrial
- Healthcare
- Others
Location Of Things Regional Outlook (Revenue, USD
Million, 2017 - 2030)
- North
America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Latin
America
- Brazil
- Mexico
- Middle East
And Africa
- United Arab
Emirates (UAE)
- Saudi
Arabia
- South
Africa
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales@grandviewresearch.com
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