Location of Things Market Analysis Report, Share, Growth, Trend, and Forecast, 2024

1
Location of Things Market Analysis, Industrial
Forecast and Trends from 2017 to 2024 Global
Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Regional Analysis of Location of Things
Market

• North America has the highest share in the
  location of things market owing to the
  technological advancements, wide adoption of new
  technology, the presence of tech savvy entities,
  and developed IT infrastructure.
• Furthermore, North America is the home for a
  large number of domestic vendors, augmenting the
  location of things market growth.
• Asia Pacific is anticipated to grow over the
  forecast time span due to its growing population
  and improvement in technology. Countries, such as
  Singapore and Hong Kong, are major contributors
  to the growth of the location of things market in
  this region.

3

• Application Analysis of Location of Things
  Market
• Application segment of the location of things
  market includes mapping and navigation, IoT asset
  management,IoT location intelligence,
  location-based customer engagement, and
  location-based social media monitoring. Mapping
  and navigation contribute a major share in the
  location of things market. This technology is
  used to examine the image generated or the data
  acquired. Mapping and navigation using smart
  phones are very important in everyday life. Wi-Fi
  is also used increasingly for mapping and
  navigation for indoor places, where GPS services
  do not work efficiently. The integration of GIS
  and mapping technology enables enterprises to
  control the data flow and assists in the
  workforce management.
• Location of things market on the basis of
  vertical is segmented on the basis of defense,
  government organizations, healthcare,
  manufacturing, retail, media and entertainment,
  BFSI, and transport. Of them, the retail segment
  is anticipated to grow rapidly through the
  forecast time span owing to the integration of
  location-based technology with retail to augment
  product distribution, provide real-time offers to
  customers, enhance cross-sell opportunities,
  combat operational costs, and improve the
  customer engagement.

4
Competitive Market Share of Location of Things
Market

• Prominent companies operating in the location of
  things market include IBM Corporation, Bosch
  Software Innovations, ESRI, Pitney Bowes,
  Microsoft Corporation, Qualcomm Technologies,
  Wireless Logic, Google, and Tibco Software. New
  players are looking for opportunities to enter
  into the market, which further boosts the
  competition faced in the location of things
  market.
• Moreover, key players are constantly engaged in
  the RD to develop new products to fulfill the
  requirements of their customers and retain their
  customer base.

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