The report "Location Based Services (LBS) and Real-Time Location Systems (RTLS) Market by Location (Indoor & Outdoor), Technology (context-aware, UWB, BT/BLE, beacons, & A-GPS, and others), Software, Hardware, Services, and Application Areas - Global Forecast to 2020",The global Location-Based Services (LBS) and Real-Time Location Systems (RTLS) market is expected to reach USD 54.95 Billion by 2020
Browse 78 market data tables and 66 figures spread through 190 pages and in-depth TOC on “Location Based Services (LBS) and Real-Time Location Systems (RTLS) Market”
Early buyers will receive 10% customization on reports.
Due to increased focus on competitive intelligence, and growing amount of spatial data, technological advancements have led to increased applications in numerous sectors and the global deployments of 3G and 4G wireless services have created promising ubiquitous connectivity as well as cost benefits from deploying solutions for asset tracking and management.
Context aware technology has created vibrant prospects for marketers and other stakeholders in the market
The growing surge in the use of smartphones and social networking platforms has opened up new avenues for contextual advertising by marketers to pursue targeted marketing campaigns to enhance revenues. Currently, although context aware computing is seen in a nascent form, through LBS more interesting solutions based on CAC have come up which can be applied across various industries.
Healthcare and life sciences sector projected to showcase robust growth in the LBS and RTLS market
The healthcare and life science vertical is one of the major application sectors that generate huge data. Customer-focused organizations such as hospitals consider location convenience to deliver their services. Geographic Information System (GIS) technology offers varied solutions including ones that improve field data collection and reporting, and others that support disease surveillance and analysis with online mapping and spatial statistics.
Various key LBS and RTLS vendors and service providers profiled in the report include - Cisco Systems, Google Inc. (Alphabet Inc.), and IBM among many others. Several key innovators have also been showcased in the study including – Pitney Bowes, Inc., Savi Technology, Inc., TomTom International BV., Ubisense, and others.
Growing demand to optimize supply chain and the governments’ efforts to standardize the LBS and RTLS technology creates remarkable potential in the Asia-Pacific (APAC) market
The APAC region is expected to experience extensive growth opportunities in the next few years. The existence of a large working population and developing technology hubs, have expanded the competitive environment in the region. Countries such as China, Japan, and India are putting in efforts to deploy various location based technologies. Even the South Korean government, in 2010, announced that around 50% of their pharmaceutical manufacturers will be integrating location tracking technologies by 2015. These developments clubbed with a growing demand from a massive and growing population, certifies a tremendous growth potential for LBS and RTLS market in the region.
MarketsandMarkets broadly segments the LBS and RTLS market on the basis of location types; –by technologies; by software; and by hardware components. The study covers more than 12 industry verticals including BFSI, defence, government and public utilities, healthcare and life sciences, retail and e-commerce, transportation and logistics, and others.
Speak to Analyst @ http://www.marketsandmarkets.com/speaktoanalyst.asp?id=96994431
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is ca1tering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India