Title: Location Intelligence Market: Regional Trend & Growth Forecast To 2032
1Location Analytics Market 2023-2032 Growth
Forecast Industry Share Report
2- 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.
3- 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.
4North 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.
- 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
5Location Analytics Market _at_ https//www.gminsights
.com/industry-analysis/location-analytics-market
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