The Location of Things Market was valued at USD 2.6 Bn in 2021, at CAGR of 34.8% during the forecast period (2022-2030), and the market is projected to be worth USD 38.2 Bn by 2030.
The increased adoption of Location of Things in the Next Generation industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Location of Things also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Location of Things in many sectors also boosts the market growth during the forecast period.
Location of Things (LoT) is a subcategory of the Internet of Things (IoT), which is a network of interconnected items and devices that may interact with one another using various communication channels such as WiFi and Bluetooth. Position is a crucial aspect of the Internet of Things, since it allows devices to communicate and grasp their actual location by utilising Bluetooth Low Energy (BLE) technology.
Location of Things Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Location Type (Indoor Location, Outdoor Location), By Application (Mapping & Navigation, Location-Based Customer Engagement & Advertising Platform, Location-Based Social Media Monitoring, IoT Asset Management, Location Intelligence.), By Vertical (BFSI, Defense, Government & Public Utilities, Healthcare & Life Sciences, Industrial Manufacturing, Media & Entertainment, Retail & E-Commerce, Transportation & Logistics, Others) and companies (Qualcomm Technologies Inc. ,ESRI, Wireless Logic,Google Inc,Microsoft Corporation,HERE., Bosch Software Innovations Gmbh,Pitney Bowes,IBM Corporation,Ubisense Group Plc.), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 34.8%, over the forecast period of 2022–2030.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||38.2 Billion|
|By Location Type||Indoor Location, Outdoor Location.|
|By Application||Mapping & Navigation, Location-Based Customer Engagement & Advertising Platform, Location-Based Social Media Monitoring, IoT Asset Management, Location Intelligence.|
|By Vertical||BFSI, Defense, Government & Public Utilities, Healthcare & Life Sciences, Industrial Manufacturing, Media & Entertainment, Retail & E-Commerce, Transportation & Logistics, Others.|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Qualcomm Technologies Inc. ,ESRI,Wireless Logic,Google Inc,Microsoft Corporation,HERE., Bosch Software Innovations Gmbh,Pitney Bowes,IBM Corporation,Ubisense Group Plc.|
The COVID-19 pandemic has had a substantial negative influence on the Location of Things market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Qualcomm Technologies Inc. , ESRI,Wireless Logic, Google Inc, Microsoft Corporation, HERE., Bosch Software Innovations Gmbh,Pitney Bowes, IBM Corporation, Ubisense Group Plc.
Market Segment Analysis:
By Location Type
- Indoor Location
- Outdoor Location
- Mapping & Navigation
- Location-Based Customer Engagement & Advertising Platform
- Location-Based Social Media Monitoring
- IoT Asset Management
- Location Intelligence
- Government & Public Utilities
- Healthcare & Life Sciences
- Industrial Manufacturing
- Media & Entertainment
- Retail & E-Commerce
- Transportation & Logistics
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Location of Things industries in the region.
Key Location of Things Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Location of Things Market segments.
– Largest Market Share Held by Industry to Industry for Location of Things
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Location of Things Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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