Location of Things Market

Location of Things Market

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Raksha

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Raksha Sharma

Amulya

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Shruti Bhat

Location of Things Market Outlook 2031

The Global Location of Things Market size was valued at USD 27.23 Billion in 2022 and is likely reach to USD 491.05 Billion by 2031, expanding at a CAGR of 37.9% during the forecast period, 2023–2031. The growth of the market is attributed to increasing adoption of Internet of Things (IoT) and linked device technologies, as well as rising demand for location-based services.

Location of Things Market Outlook
The location of things is a new-fangled category of the IoT that allows connected items to track and share their location. Service and organizations providers can collect a range of data through the network thanks to location technologies and IoT sensors built in various linked devices.

Over the years, a slew of location-based services has emerged, including Google Maps, Waze, Uber, and a slew of others, all of which are made possible by a smartphone's capacity to find itself.

The most important characteristic of the data acquired is location, which allows service providers to give contextual content to each user.


Due to the COVID-19 pandemic, market suppliers are cooperating with a number of organizations to provide innovative technology-enabled solutions to healthcare organizations to assist them in effectively overcoming the crisis.

Remote patient monitoring is one of the applications of telemedicine, and interactive medicine, along with inpatient monitoring, is projected to gain momentum during this period.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing investments in IoT technologies and demand for location-based services are expected to drive the market growth during the forecast period.
  • Improving the customer experience by implementing various solutions is anticipated to drive market expansion in the coming years.
  • Rising threats to the security and privacy concern are major challenges that can hinder the market growth during the forecast period.
  • Various networking difficulties such as speed and capacity along with complexity in operating the platforms acts a key restraining factor of the market.
  • High penetration of smart devices and expansion of broad network services equipped with advanced technology are likely to create lucrative opportunities for market growth.

Scope of Location of Things Market Report

The report on the global location of things market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Location Of Things Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Verticals (Government, Defense, & Utilities; Manufacturing & Industrial; Transportation & Logistics; Retail & Consumer Goods; Healthcare; and Others), and Applications (Location Intelligence, Media & Marketing Engagement, Mapping & Navigation, and Asset Management)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Intel Corporation; Trimble; Pitney Bowes; Bosch; Wireless Logic; Navizon, Inc.; Tibco Software; TruePosition Inc.; Google; HERE; and Qualcomm Technologies

Location of Things Market Segment Insights

Transportation & logistics segment to expand at a considerable CAGR

On the basis of verticals, the location of things market is segmented into government, defense, & utilities; manufacturing & industrial; transportation & logistics; retail & consumer goods; healthcare; and others. The transportation & logistics segment is projected to expand at a considerable CAGR during the forecast period.

Sensor technology, network communication, and location approaches have all advanced in recent years, allowing for a variety of new location-based solutions. On the other hand, the
manufacturing & industrial segment is anticipated to account for a major market share during the forecast period. IoT technologies allow for the collection of a wide range of data, one of which is location data.

Location of Things Market Verticals

Mapping & navigation segment to hold a significant share of the market

In terms of applications, the market is divided into location intelligence, media & marketing engagement, mapping & navigation, and asset management. The mapping & navigation segment is expected to hold a significant share of the market. The Internet of Things (IoT) allows for location tracking and monitoring in order to connect various appliances and gadgets using the Internet.

Users can track and monitor the movement of numerous physical devices using mapping and navigation technology.
This technique is mostly found in majority of the navigation systems, which allow users to identify the quickest and most efficient route between two points.

Location of Things Market Applications

Location of Things Market Regional Outlook

North America is anticipated to constitute a key market share

In terms of regions, the location of things market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period owing to the development of technology, higher smartphone penetration, and improved network connectivity have resulted in a faster adoption rate.

However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period due to increase in connected device spending and investments in various IoT technologies.

Location of Things Market Region

Segments

Verticals

  • Government, Defense, & Utilities
  • Manufacturing & Industrial
  • Transportation & Logistics
  • Retail & Consumer Goods
  • Healthcare
  • Others

Applications

  • Location Intelligence
  • Media & Marketing Engagement
  • Mapping & Navigation
  • Asset Management

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Intel Corporation
  • Trimble
  • Pitney Bowes
  • Bosch
  • Wireless Logic
  • Navizon, Inc.
  • Tibco Software
  • TruePosition Inc.
  • Google
  • HERE
  • Qualcomm Technologies

Competitive Landscape

Key players competing in the global location of things market are   Intel Corporation; Trimble; Pitney Bowes; Bosch; Wireless Logic; Navizon, Inc.; Tibco Software; TruePosition Inc.; Google; HERE; and Qualcomm Technologies.

In order to expand their service portfolios and get a larger portion of the market, industry leaders have been relying on inorganic growth techniques such as mergers and acquisitions of smaller enterprises.
For example, Google's purchase of Nest and Intel's purchase of Basis have given them easy access to the IoT sector.

Location of Things Market Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Location of Things Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Location of Things Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Location of Things Market - Supply Chain
  4.5. Global Location of Things Market Forecast
     4.5.1. Location of Things Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Location of Things Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Location of Things Market Absolute $ Opportunity
5. Global Location of Things Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Location of Things Market Size and Volume Forecast by Applications
     5.3.1. Location Intelligence
     5.3.2. Media & Marketing Engagement
     5.3.3. Mapping & Navigation
     5.3.4. Asset Management
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Location of Things Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Location of Things Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Location of Things Demand Share Forecast, 2019-2026
7. North America Location of Things Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Location of Things Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Location of Things Market Size and Volume Forecast by Applications
     7.4.1. Location Intelligence
     7.4.2. Media & Marketing Engagement
     7.4.3. Mapping & Navigation
     7.4.4. Asset Management
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Location of Things Demand Share Forecast, 2019-2026
8. Latin America Location of Things Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Location of Things Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Location of Things Market Size and Volume Forecast by Applications
     8.4.1. Location Intelligence
     8.4.2. Media & Marketing Engagement
     8.4.3. Mapping & Navigation
     8.4.4. Asset Management
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Location of Things Demand Share Forecast, 2019-2026
9. Europe Location of Things Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Location of Things Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Location of Things Market Size and Volume Forecast by Applications
     9.4.1. Location Intelligence
     9.4.2. Media & Marketing Engagement
     9.4.3. Mapping & Navigation
     9.4.4. Asset Management
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Location of Things Demand Share Forecast, 2019-2026
10. Asia Pacific Location of Things Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Location of Things Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Location of Things Market Size and Volume Forecast by Applications
     10.4.1. Location Intelligence
     10.4.2. Media & Marketing Engagement
     10.4.3. Mapping & Navigation
     10.4.4. Asset Management
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Location of Things Demand Share Forecast, 2019-2026
11. Middle East & Africa Location of Things Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Location of Things Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Location of Things Market Size and Volume Forecast by Applications
     11.4.1. Location Intelligence
     11.4.2. Media & Marketing Engagement
     11.4.3. Mapping & Navigation
     11.4.4. Asset Management
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Location of Things Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Location of Things Market: Market Share Analysis
  12.2. Location of Things Distributors and Customers
  12.3. Location of Things Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Intel Corporation
     12.4.2. Trimble
     12.4.3. Pitney Bowes
     12.4.4. Bosch
     12.4.5. Wireless Logic
     12.4.6. Navizon, Inc.
     12.4.7. Tibco Software
     12.4.8. TruePosition Inc.

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