The Global Location Based Service (LBS) Market is expected to grow from $8.12 billion in 2014 to $39.86 billion by 2019

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Worlds 1st Real Time Market Intelligence
MicroMarket Monitor
Forecasts

• The Global Location Based Service (LBS) market is
  expected to grow from 8.12 billion in 2014 to
  39.86 billion by 2019

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Location-based services (LBS) technology is
diversifying businesses by providing ubiquitous
applications on location-based data. The retail
and food and beverage industries are using LBS
devices in order to reduce transportation costs.
Due to these factors, the revenue of the
location-based service market has reached 8.12
billion in 2014, and is expected to reach 39.86
billion by 2019 at a calculated CAGR of 37.50
during this period. Top industries providing this
service are Microsoft, Google, Cisco, IBM, and
HP. http//www.micromarketmonitor.com/market-rep
ort/location-based-services-lbs-reports-3717915738
.html
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In recent times, owing to the emerging era of
technology, there is an increase in the number of
Smartphone users. Consequently, the need for
location-based services is rising. The changing
business environment requires data to be made
available at consumer locations. Various
organizations generate profit by identifying the
location information of the customer.
Smartphones, which have various in-built
location-based applications for the user, are the
backbone of this market. Social networking at any
location with the benefit of utilizing the
information is enhancing the need for
location-based services day by day. Some of the
key players in the location-based services market
are Facebook, Microsoft, Cisco, and Blackberry.
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Browse through the market data tables, figures
and detailed ToC on the North America Location
Based Services (LBS) Market. http//www.microma
rketmonitor.com/market/north-america-location-base
d-services-lbs-1113880874.html

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North America is one of the developed regions in
technology and software applications. Various
organizations are serving the LBS market by using
location-based services or apps to track their
customers and this data for marketing
purposes. The North American location-based
services market is estimated to grow from 2.75
billion in 2014 to 13.10 billion by 2019, at an
expected CAGR of 36.70 for this period.
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Europe Location Based Services (LBS) Market

• Europe has tech-savvy organizations that are
  fully dependent on location-based services. The
  generation of various location-based services
  software is growing due to the rising demand for
  location tracking apps and devices, which is
  beneficial for supply chain, business operations,
  transportation, and more. Various organizations
  generate profits by identifying the location
  information of customers and vendors. The
  European location-based services market is
  estimated to grow from 2.32 billion in 2014 to
  8.26 billion by 2019, at an expected (CAGR) of
  28.90 for this period.
• http//www.micromarketmonitor.com/market/europe-lo
  cation-based-services-lbs-5846288220.html

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Asia-Pacific Location Based Services (LBS) Market

• Asia-Pacific is the largest growing market for
  location-based services. As technology develops,
  along with private organizations, governments in
  the Asia-Pacific region have adopted
  location-based services. Due to this there is a
  strong growth in the LBS market. The government
  needs to expand their supply chain management
  system for which they are highly dependent on
  these services.
• Most of the organizations in this region have
  their customers and clients in other regions
  hence, tracking their location benefits these
  organizations.

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• The Asia-Pacific location-based services market
  is estimated to grow from 1.55 billion in 2014
  to 11.10 billion by 2019, at an expected CAGR of
  48.20 for this period.
• http//www.micromarketmonitor.com/market/asia-paci
  fic-location-based-services-lbs-6920214665.html

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Latin America Location Based Services (LBS) Market

• Companies in Latin American regions offer
  customers with more opportunities for cost
  reduction through various benefits and deals
  based on location-based services. This drives the
  market and indicates a promising future.
  Enterprises use location-based services to
  increase their advertising impact and to improve
  customer satisfaction

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• The Latin American location-based services market
  is estimated to grow from 845.50 million in 2014
  to 4,065.20 million by 2019, at an expected CAGR
  of 36.90 for this period.
• http//www.micromarketmonitor.com/market/latin-ame
  rica-location-based-services-lbs-7361431925.html

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Middle East and Africa Location Based Services
(LBS) Market

• In the Middle East and African region there is
  huge presence of big firms that can invest
  heavily in latest technology and keep it up to
  date. Due to this, organizations are receiving
  up-to-date maps and spatial information.
  Location-based services are very cost effective
  in this region.
• Safeguarding of the private and personal
  information of users is one of the factors that
  is driving this market. Security applications and
  social networking apps are boosting the market in
  South Africa.

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• The Middle East and African location-based
  services market is estimated to grow from 685.80
  million in 2014 to 3,350.80 million by 2019, at
  an expected CAGR of 38.50 for this period.
• http//www.micromarketmonitor.com/market/middle-ea
  st-and-africa-location-based-services-lbs-86345953
  53.html

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