Industry Background:
Location intelligence helps find risks, patterns, and opportunities for businesses with the help of geography, demographics, and data referring to the location. Alternative advantages of location intelligence include predictive analytics, risk management, real-time tracking of patterns and trends, and streamlining the services and operations of corporations. This factor is anticipated to fuel the adoption of location intelligence services across organizations driving the overall market. The rising demand for location intelligence data to enhance business operations and to deliver personalized services is predicted to more spur growth.
According to AMA Research, the market for Location Intelligence Software is expected to register a CAGR of 15.6% during the forecast period to 2030. This growth is primarily driven by Increasing Use of Spatial Data and Analytical Tools
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Application Software sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Acorn Technologies (United States), Bosch Software Innovations GmbH (Germany), ESRI (United States), Google LLC (United States), General Electric Company (United States), Gimbal (United States), HERE Technologies (Netherlands), Qualcomm Incorporated (United States), Skyhook (United States), Wireless Logic Limited (United States), OmniSci, Inc. (United States), CARTO (United States), Geoblink (Spain), QlikTech International AB (United States) and ALTERYX, INC. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On December 1, 2022, Mapbox announced new products that empower developers and organizations to make better data-driven decisions and drive intuitive user experiences with innovative location technologies.
In June 2020, OmniSci entered into the partnership with Skyhook, a location intelligence provider to enable location insights for its customers.The rising demand for location intelligence data to enhance business operations and to deliver personalized services is expected to further spur growth. The market will grow a lot in the coming years along with the rising demand from the end-users.
Influencing Trend:
Growing Need of Predictive Analytics for Businesses
Market Growth Drivers:
Increasing Use of Spatial Data and Analytical Tools and Increasing Use of Location-Based Applications Among Consumers
Challenges:
Lack Of Technological Knowledge
Restraints:
Legal Concerns and Data Privacy Issues
Opportunities:
Increased Research and Development in The Field
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Location Intelligence Software Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Location Intelligence Software Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Location Intelligence Software players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Location Intelligence Software Study Sheds Light on
The Location Intelligence Software Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Location Intelligence Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Location Intelligence Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.