The global location analytics market would record a

0

Newark, NJ, May 10, 2022 (GLOBE NEWSWIRE) — According to the report published by Fior Markets, the global location analytics market is expected to grow from USD 11.84 billion in 2020 and reach USD 40.29 billion by 2028 growing at a CAGR of 16.5% during the forecast period 2021-2028.

The location analytics market is experiencing significant growth in recent years. This growth is attributed to the growing need for predictive analytics for businesses, the increasing use based on location applications, the rapid increase in the use of analytics tools and spatial data, and improvements in technology. in the field of GIS technology. Government attempts to modernize postal services, spending on private courier services, and increased use of location analytics by small and medium enterprises are also driving the market growth.

Location analysis is a method of gaining insight from the geographic or location component of business data. It offers users a wide range of possible applications, not limited to a single organization or department. Location analytics enables organizations and businesses across all industries to unite 3D data with traditional BI data. Location-based analytics help contextualize location-centric data and derive important insights from it.

Get Sample Copy with Table of Contents, Charts, and List of Figures @ https://www.fiormarkets.com/report-detail/419814/request-sample

The global location analytics market is expected to witness significant growth owing to the growing amount of three-dimensional data and the importance of aggressive intelligence, enhanced use of social media for consumer engagement and predictive analytics solutions. In addition, the increasing proliferation of location intelligence technologies among enterprises and the growing demand for location analytics solution to enrich risk analysis, the low cost of location analytics solutions are also expected to boost market growth over the projection period. Enforcement of stringent regulations for data isolation is expected to hamper the market growth over the projection period. Technological advancement is expected to provide various growth opportunities over the projection period.

Key players operating in the global location analytics market include SAS Institute Inc., Microsoft Corporation, Cisco Systems, Inc. Galigeo SAS, Hexagon AB, Oracle Corporation, TIBCO Software Inc., Trimble Inc., IBM Corporation, Pitney Bowes Inc., SAP SE, Environmental Systems Research Institute, Inc. (ESRI), and others.

  • For example, in November 2019, SAP partnered with Accenture to create SAP Cloud for Utilities. The solution will help businesses to effectively control business methods and consumer experiences. This solution has helped utility companies automate sales processing and create consumer-relevant occurrences by releasing resources, resulting in consumer reliability and revenue growth.

The risk management segment dominated the market and held the largest market share of 28.23% in 2020

Based on application, the global location analytics market is segmented into facility management, sales and marketing optimization, risk management, remote monitoring, and others. The risk management segment dominated the market and held the largest market share of 28.23% in 2020. This growth is attributed to the increasing deployment of coincidence location analysis across risk assessment technologies .

The indoor segment dominated the market and held the largest market share of 59.15% in 2020

On the basis of type of location, the global location analytics market is segmented into outdoor and indoor. The indoor segment dominated the market and held the largest market share of 59.15% in 2020. This growth is attributed to the widespread use of smartphones and smart devices coupled with advanced location-based services.

The solutions segment dominated the market and held the largest market share of 58.32% in 2020

On the basis of components, the global location analytics market is segmented into services and solutions. The solutions segment dominated the market and held the largest market share of 58.32% in 2020. This growth is attributed to a wave of adoption of location analytics to provide personalized and integrated products and services to consumers. Additionally, many companies have approached spatial analytics as it enables more apparent prospecting capabilities that help sort through any location-based effects and improve that segment.

To learn more about additional highlights and key points, visit our report @ https://www.fiormarkets.com/report/location-analytics-market-by-application-facility-management-sales-419814.html

The cloud segment dominated the market and held the largest market share of 60.13% in 2020

Based on mode of deployment, the global location analytics market is segmented into on-premises and cloud-based. The cloud segment dominated the market and held the largest market share of 60.13% in 2020. This growth is attributed to less maintenance and lower costs.

The retail segment dominated the market and held the largest market share of 23.10% in 2020

On the basis of verticals, the global location analytics market is segmented into media, BFSI, retail, manufacturing, IT & telecommunications, transportation & logistics, government, and others. The retail segment dominated the market and held the largest market share of 23.10% in 2020. This growth is attributed to the accelerated expansion of the retail industry and domain-specific solutions .

Regional segment of the location analytics market

  • North America (United States, Canada, Mexico)
  • Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, rest of APAC)
  • South America (Brazil and rest of South America)
  • Middle East and Africa (UAE, South Africa, Rest of MEA)

Based on geography, the global location analytics market is classified into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The North America region holds the largest market share 29.38% in 2020. This growth is attributed to the widespread adoption rate and strong emergence of technology companies. Plus, growing financial support from governments and improving industry standards for location-based technologies. The Asia-Pacific market is expected to witness significant growth, driven by growing demand from the retail industry.

To buy the research report @ https://www.fiormarkets.com/checkout.html?reportid=419814&type=single

About the report:

The global location analytics market is analyzed on the basis of value (USD billion). All segments have been analyzed on a global, regional and country basis. The study includes analysis of more than 30 countries for each segment. The report offers an in-depth analysis of the driving factors, opportunities, restraints and challenges to obtain the key insights of the market. The study includes Porter’s Five Forces Model, Attractiveness Analysis, Commodity Analysis, and Competitor Position Grid Analysis.

Any query or customization before buying @ https://www.fiormarkets.com/enquiry/request-customization/419814

Report customization:

The report can be customized according to customer requirements. For any other questions, you can contact us at [email protected] or +1-201-465-4211. Our managers will be happy to understand your requirements and offer you the most suitable reports.

About Fior Markets

Fior Markets is a futuristic market intelligence company, helping clients develop their trading strategies and make better decisions using actionable insights. With a transparent pool of information, we meet client objectives, high-level engagements and target potential leads for SWOT analysis and market research reports. Fior Markets deploys a wide range of regional and global market information research reports, including industries such as technology, pharmaceuticals, consumer goods, food and beverages, chemicals, media, materials and many more.

Contact us

Avinash D
Business Development Manager
Call: +1-201-465-4211
E-mail: [email protected]
The Web: fiormarkets.com

To read top industry reports, visit our affiliate website: https://www.marketsandresearch.biz

Related Reports

Virtual Mirror Market – https://www.fiormarkets.com/report/virtual-mirror-market-size-share-and-trends-analysis-419446.html
Wearable Payment Device Market – https://www.fiormarkets.com/report/wearable-payment-device-market-by-type-smart-watches-419400.html
Utility Communication Market – https://www.fiormarkets.com/report/utility-communication-market-by-component-hardware-software-application-419738.html
Cash Flow Management Market – https://www.fiormarkets.com/report/cash-flow-management-market-by-organization-size-large-419694.html

Share.

Comments are closed.