Location Analytics Market 2023-2032; Growth Forecast & Industry Share Report

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Location Analytics Market 2023-2032 Growth
Forecast Industry Share Report
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• Industry Insights

• As per a recent research report, Location
  Analytics Market to surpass USD 90 Bn by 2032.
• Location Analytics Market is slated to
  demonstrate massive growth through 2032, owing to
  the rising demand for geographic predictive
  analytics for the prediction of maintenance
  needs, production deadlines, and infrastructure
  assessment. Location analytics services are
  slated to emerge as one of the most crucial
  aspects of marketing for enterprises, which is
  expected to drive the market share.
• The industry growth is likely to be compromised
  by the lack of regulatory norms and regulations.
  Nevertheless, the rising importance placed on
  location-based data to support business
  decision-making and the necessity to gather more
  information is anticipated to offer several
  growth opportunities for the market development.
• Overall, the location analytics market is divided
  in terms of component, solutions, services,
  location positioning, application, industry
  verticals, and region.

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• By solution, the thematic mapping and spatial
  analysis segment accounted for more than 20
  market share in 2022 and is projected to gain
  considerable impetus by 2032. The growth can be
  attributed to the limited capabilities offered by
  these maps to visualize the geographical
  distribution of the earth's surface corresponding
  to business information. Ongoing innovations and
  partnerships in the space would further
  supplement the product demand. For instance, in
  2022, India's Geospatial Energy Map by the NITI
  Aayog collaborated with ISRO to identify and
  locate all primary and secondary energy sources
  coupled with their transportation and
  transmission networks.
• Considering the location positioning, the outdoor
  positioning segment will demonstrate sturdy
  growth through 2032, owing to the surge in
  deployment of location analytics solutions to map
  business assets across the outdoor environment.
• By industry verticals, the IT telecommunication
  sector is expected to depict over 15 CAGR by
  2032. Location analytics help IT and telecom
  companies collect geographic information and
  offer context-based information for
  infrastructure optimization, service
  improvements, and much more, which is slated to
  augment the demand for location analytics in the
  industry.

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• Regional Analysis

North America location analytics market is
depicted to showcase considerable growth through
2032, owing to the burgeoning use of social media
search engines and location-based applications
among individuals in the region. In addition, the
growing adoption of spatial data and analytical
tools by industries across the region will
further support the growth of the location
analytics market.

• Competitive Analysis

• Clevermaps (CleverAnalytics A.S.), Alteryx, Inc.,
  Cisco Systems, Inc., Esri Global, Inc., Sparkgeo
  Consulting Inc, Galigeo SAS, GeoMoby, Google LLC,
  HERE Global, B.V., Hexagon AB, IBM Corporation,
  TomTom B.V., Microsoft Corporation, Oracle
  Corporation, PlaceIQ

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