Location Analytics Market – Trends Forecast Till 2030

1
Location Analytics Market Journey Trends
Foreseen and the 13.1 CAGR Outlook (2023-2030)
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Location Analytics Market Trends Forecast Till
2030
The report also evaluates the patterns in the
main market, beside the usual factors and market
shares by different parts. The Location Analytics
Market report also estimates the effect of
different industry characteristics available in
market sections and landscapes. The evaluation
also recognizes the innovative other options and
requesting conditions of the global market.
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3
Market Overview
The global Location Analytics Market size is
projected to reach a CAGR of 13.1 from
2023-2030. Location analytics or geo-analytics is
the method of generating insights by analysing
location data. It adds geographical data to the
data assets of a business to extract more
valuable insights. In all industries, business
data, such as the data about people,
transactions, assets, and events, often comprises
a geographic component, which when added to an
analysis of performance may unlock new related
insights. Location analytics provides an
organization with spatial analytics as well as
other analytics abilities to understand the data
through a location-specific perception and
optimize business practices and enable
predictions accordingly. It helps businesses to
make more informed decisions that can improve
both effectiveness and efficiency. The growth of
the global location analytics market is mainly
driven by the proliferation of smartphones and an
upsurge in the usage of GPS-enabled devices. In
addition to this, factors such as growing usage
of spatial data and analytical tools, increasing
adoption of location analytics for asset
management across various industries, and rise in
adoption of location analytics in the retail
sector fuels the market growth. Additionally, the
emergence of advanced technologies in the field
of GIS, and the integration of AI with location
analytics are expected to provide lucrative
opportunities for market growth during the
location analytics market forecast period. On the
other hand, consent and privacy concerns may
hamper the market growth to some extent.
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Market Overview
The spread of the COVID-19 pandemic resulted in
increased adoption of location intelligence
solutions to manage to change business scenarios.
These solutions help businesses analyze, map, and
share data in terms of the location of their
customers. Additionally, healthcare and
government organizations implemented
location-based solutions for vaccination drives
to carry out successful COVID-19 public health
strategies. The use of location analytics is
expected to aid enterprises in coping with the
uncertainties induced by the pandemic.
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Delvens Industry Expert's Standpoint
The pandemic had a considerable impact on
businesses globally, with nations like India and
China bearing the brunt of the virus's outbreak.
This led to an increase in smartphone usage
worldwide, which in turn saw a surge in location
analysis solutions. In particular, the Government
of India has leveraged this technology to great
advantage in tracking COVID-positive patients and
conducting effective contact tracing. The
pandemic has underscored the criticality of
location-based services, and it is expected that
the geospatial technology market will continue to
grow in the foreseeable future. The market growth
is fueled by several factors, including but not
limited to, the growing usage of spatial data and
analytical tools, the increasing adoption of
location analytics for asset management across
various industries, and the rise in the adoption
of location analytics in the retail sector. These
factors have led to the expansion of the market
and increased demand for location analytics
solutions.
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Competitive Landscape

• Autodesk, Inc.
• Bosch Software Innovations GmbH
• Cuebiq Inc.
• ESRI
• HERE Technologies
• MDA Corporation
• Navizon, Inc.
• Precisely
• Qualcomm Technologies, Inc
• Supermap Software Co., Ltd
• Tibco Software, Inc.
• Trimble, Inc.
• Trueposition, Inc.
• Wireless Logic

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Recent Developments

• In July 2022, IBM acquired Databand.ai, a leading
  provider of data observability software that
  helps organizations fix issues with their data,
  including errors, pipeline failures, and poor
  quality, before it impacts their bottom line.
• In July 2022, Sap acquired Askdata to strengthen
  its ability to help organizations take
  better-informed decisions by leveraging AI-driven
  natural language searches. Users are empowered to
  search, interact, and collaborate on live data to
  maximize business insights.

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Reasons to Acquire

• Increase your understanding of the market for
  identifying the most suitable strategies and
  decisions based on sales or revenue fluctuations
  in terms of volume and value, distribution chain
  analysis, market trends, and factors.
• Gain authentic and granular data access for the
  Location Analytics Market to understand the
  trends and the factors involved in changing
  market situations.
• Qualitative and quantitative data utilization to
  discover arrays of future growth from the market
  trends of leaders to market visionaries and then
  recognize the significant areas to compete in the
  future. 
• In-depth analysis of the changing trends of the
  market by visualizing the historic and forecast
  year growth patterns.

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Contact Information
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