According
to the new market research "Location of
Things Market
by Location Type (Indoor, Outdoor), Application (Mapping & Navigation,
Location-Based Social Media Monitoring, IoT Asset Management, IoT Location
Intelligence), Vertical, and Region - Global Forecast to 2022", The location of things market size is estimated to
be USD 5.46 Billion in 2017, and is projected to reach USD 27.22 Billion by
2022, at a CAGR of 37.9% from 2017 to 2022.
Some
of the major factors that are driving the growth of the location of things
market include increasing importance of spatial data, democratization of
geospatial data for IoT applications, and increase in the adoption of
location-based applications across various verticals.
Browse and in-depth TOC on "Location of
Things Market"
61 - Tables
60 - Figures
145 - Pages
The mapping & navigation segment accounted for the largest
share in the location of things market in 2016
The mapping
& navigation segment accounted for the largest share of the location of
things market in 2016. Mapping and navigation technology is used to study and
analyze the data or the image generated. The integration of GIS and interactive
mapping technology offer comprehensive solutions for facilities and workforce
management. Spatial Extraction, Transformation, and Load (ETL) enables
organizations to control the data flow by mapping geometry and characteristics
of the source data with the destination data.
The retail segment is expected to grow at the highest CAGR during
the forecast period
The retail
segment is estimated to grow at the highest CAGR during the forecast period.
Retail is all about integrating advanced technologies with the existing
infrastructure, delivering real-time offers to customers. By linking
location-based technology with retail and e-commerce, retailers can find ways
to maximize product distribution and come up with cross-sell and up-sell
opportunities and also reduce costs of selling new products and improve
customer relationships.
North America accounted for the largest share of the location of
things market
As per the
geographic analysis, North America accounted for largest share of the location
of things market in 2016. Technological advancements and followed by robust
internet infrastructure, widespread adoption of new technology and presence of
a strong domestic solution providers have contributed to the growth of the
market in this region.
The major
vendors covered in the location of things market for this study include Bosch
Software Innovations GMBH (Berlin, Germany), ESRI (California, U.S.), Qualcomm
Technologies, Inc. (California, U.S.), Wireless Logic (Berkshire, U.K.),
Ubisense Group PLC. (Cambridge, U.K.), Google, Inc. (California, U.S.), IBM
Corporation (Armonk, U.S.), Microsoft Corporation (Washington, U.S.), Pitney
Bowes (Stamford, U.S.), HERE (Chicago, U.S.), Telogis (California, U.S.), and
Tibco Software, Inc. (California, U.S.)
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