Location Analytics Market Worth $26.89 Billion by 2027, Growing at a CAGR of 11.1% From 2020- Exclusive Report by Meticulous Research®

Press Releases

Jul 01, 2021

REDDING, Calif., July 1, 2021 /PRNewswire/ — According to a new market research report “Location Analytics Market by Component, Location, Application (Risk Management, Supply Chain, Customer Management) Industry (Smart Cities, Healthcare, Retail, Government, Logistics, Utilities, Agriculture, BFSI) and region – Global Forecast to 2027“, published by Meticulous Research^®, the location analytics market is expected to grow at a CAGR of 11.1% from 2020 to 2027 to reach $26.89 billion by 2027.

Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5150

Location analytics refers to the combination of geographic data on infrastructure, assets, environment, and transportation along with business operations and customers’ data to retrieve powerful insights and make effective decisions based on them. With consistent growing investments in locations analytics, the adoption of location analytics across different indoor and outdoor applications across different industry verticals significantly increased in the past few years.

The growth of the overall location analytics market is majorly driven by the factors such as rising usage of spatial data and analytics tools by several industries such as retail & consumer products and healthcare, consistent innovation in geospatial technologies driven by the investments by major players, and growing need for predictive analytics for businesses to survive the cut-throat competition. In addition, the rise in the adoption of social media for customer engagement offers promising opportunities for the stakeholders in the location analytics market. Increasing use of location-based applications among different consumer segments is the latest trend observed in the location analytics market.

On the other hand, lack of awareness towards the benefits of location analytics, data security, and privacy concerns, along with the need of high initial investment, are causing hindrances to the growth of the market to some extent.

Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5150

The overall location analytics market is segmented based on component, location type, application, industry vertical, and geography.

Based on component, the location analytics market is segmented into solutions and services. In 2020, the solutions segment accounted for the largest share of the overall location analytics market. This segment is also slated to grow with the fastest growth rate from 2020 to 2027. The large share and fast growth of this segment is mainly attributed to the ability of software to manage and improvise efficiency by streamlining operations and provide a complete view of numerous business applications. The incorporation of software along with cloud-based storage, security, and platform services is projected to drive the market for the software segment in the forecast period.

Based on application, the location analytics market is segmented into risk management, supply chain optimization and planning, sales and marketing optimization, facility management, remote monitoring, emergency response management, customer experience management, and others (predictive asset management and inventory management). In 2020, location analytics for sales and marketing optimization commanded the largest share of the overall location analytics market. The large share of this segment is primarily attributed to the growing need of enterprises to enhance their sales by undertaking location and consumer specific marketing and advertisements campaigns. Thus, the rise in the adoption of location analytics for sales and marketing, and optimization is projected to remain dominant over the next 5-7 years.

Based on location type, the location analytics market is segmented into indoor analytics and outdoor location analytics. In 2020, the indoor analytics segment accounted for the largest share of the overall location analytics market. Factors such as perpetual growth in the usage of smartphones and mobile devices integrated with high-tech location based services have helped indoor location analytics to emerge as a dominating segment. Furthermore, growing developments in technology and investments in modernized infrastructure are poised to foster the growth of indoor type location analytics, and hence, the segment is also expected to grow with the fastest growth rate over the coming years.

Quick Buy – Location Analytics Market Research Report: https://www.meticulousresearch.com/Checkout/93081877

Based on industry vertical, the location analytics market is segmented into infrastructures and smart cities, retail and consumer goods, government and defense, industrial manufacturing, transportation and logistics, energy and utilities, telecom and IT, agriculture, media & entertainment, healthcare, and BFSI. In 2020, the transportation and logistics segment commanded the largest share of the overall location analytics market. The growing significance of spatial analytics in the transportation industry to overcome ambiguity with the help of better data understanding and intelligent decision-making has enabled the transportation industry to account for the largest share. However, growing adoption for indoor location analytics and increasing investments in digitalization of the retail sector is anticipated to drive the location analytics market for the retail industry in the next few years.

Based on geography, the location analytics market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2020, North America commanded the largest share of the global location analytics market. The large share of this region is primarily attributed to the presence of major location analytics companies and their focus on developing advanced location analytics technology backed by consistent funding provided by local governments for location analytics advancements.

The key players operating in the global location analytics market are Google LLC (U.S.), SAP SE (Germany), IBM Corporation (U.S.), TIBCO Software, Inc. (U.S.), Oracle Corporation (U.S.), Alteryx, Inc. (U.S.), SAS Institute, Inc. (U.S.), Microsoft Corporation (U.S.), ESRI (U.S.), Precisely (U.S.), Hexagon AB (Sweden), GaliGeo (France), Trimble, Inc. (U.S.), and Pitney Bowes, Inc. (U.S.) among others.

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/location-analytics-market-5150

Scope of the Report

Location Analytics Market, by Component

Solutions
Services

Consulting
Integration and Deployment
Support and Maintenance

Location Analytics Market, by Location Type

Indoor Location
Outdoor Location

Location Analytics Market, by Application

Risk Management
Supply Chain Optimization and Planning
Sales and Marketing Optimization
Facility Management
Remote Monitoring
Emergency Response Management
Customer Experience Management
Other Applications

Location Analytics Market, by Industry Vertical

Infrastructures and Smart Cities
Retail and Consumer Goods
Government and Defense
Industrial Manufacturing
Transportation and Logistics
Energy and Utilities
Telecom and IT
Agriculture
Media & Entertainment
Healthcare
BFSI

Location Analytics Market, by Geography

North America

U.S.
Canada

Europe

Germany
U. K.
France
Italy
Spain
Rest of Europe (RoE)

Asia-Pacific (APAC)

China
Japan
India
South Korea
Rest of APAC (RoAPAC)

Latin America
Middle East & Africa

Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5150

Amidst this crisis, Meticulous Research^®is continuously assessing the impact of COVID-19 pandemic on various sub-markets and enables global organizations to strategize for the post-COVID-19 world and sustain their growth. Let us know if you would like to assess the impact of COVID-19 on any industry here- https://www.meticulousresearch.com/custom-research

Related Reports:

Geospatial Analytics Market by Technology (Earth Observation, GIS, GNSS, 3D Scanning), Component, Deployment Mode, Organization Size, Application (Surveying, Urban Planning), and End User (Healthcare, Transportation, Telecom)-Global Forecast to 2027

https://www.meticulousresearch.com/product/geospatial-analytics-market-5161

Graph Analytics Market by Component, Deployment, Industry Size, Application (Customer Analytics, Recommendation Engine, Route Optimization, Fraud Detection), End User (BFSI, E-commerce, Healthcare, Manufacturing, Logistics) – Global Forecast to 2027

https://www.meticulousresearch.com/product/graph-analytics-market-5134

Digital Transformation Market by Technology (IoT, Cloud Computing, Big Data Analytics, Artificial Intelligence, Cybersecurity, Mobility Solutions, AR/VR, Robotic Process Automation, Others), End-use Industry (Retail, Government and Public Sector, Healthcare, Supply Chain and Logistics, Utilities, Manufacturing, Insurance, IT and Telecom, Media and Entertainment, Banking and Financial Services, Education, Others) Industry Size (Small and Medium Enterprises, Large Enterprises), Process (Customer Transformation, Operational Transformation, Product Transformation, Workforce Transformation) – Global Forecast to 2025

https://www.meticulousresearch.com/product/digital-transformation-market-4980

About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Content Source: https://www.meticulousresearch.com/pressrelease/235/location-analytics-market-2027