ICT
Location Intelligence & Location Analytics Market is anticipated to hit $28.17 billion by 2023 at a CAGR of 23.40%.
According to the new market research report by IndustryARC titled “Location Intelligence & Location Analytics Market: By Organization (Small, Medium, Large); By Service (Consulting, System Integration, Others); By Industry (Consumer, BFSI, Travel, Others); By Application (Workforce Management, Facility Management, Others) & By Geography - (2015-2021)”, the market is driven by the growth of mobile location analytics in the retail sphere.
Americas held the largest market share in the Location Intelligence & Location Analytics Market
Americas region holds the largest market share and growth in the Location Intelligence and Location Analytics Market and is anticipated to reach $11.2 billion by 2023 at a CAGR of 20.5%. However, APAC witnesses highest growth during the forecast period and is expected to reach $7.6 billion by 2023 at a CAGR of 31.9%. A significant increase in the adoption of big data analytics is set to drive the Americas Location Intelligence Market. The key applications in this region include workforce management, facility management among others.
Selected Value Chain Analysis was done in the full report
- Business Analytics Value Chain:
- Business Intelligence Value Chain:
- The global location intelligence and location analytics market is in the growth phase, and countries in Asia-Pacific and European regions have a scope of significant growth in the coming future, along with few of the other developed countries globally.
- Asia-pacific is the fastest growing market for location intelligence and location analytics market. Global location analytics market in the APAC region has grown considerably in the past few years, and this trend is anticipated to continue in the coming future while China and Japan are the major contributors to the market.
- Location Intelligence and location analytics market by the real estate industry is anticipated to reach $4.05 billion by 2023 at a CAGR of 27.2%.
- Location Intelligence and location analytics market by transportation and logistics industry is anticipated to reach $13.9 billion by 2023 at a CAGR of 22.2%.
- The ease of integration and quicker access for consumers through this technology will drive the market.
- With the advancement of the banking and finance sector, location intelligence is expected to grow in the RoW region.
- Rising mobile and cloud analytics has led to the growth of location intelligence and location analytics across the globe.
- The growing location analytics market based on smartphone technology for advertising purposes, in particular, will result in the fast growth of the market. The growing applications in retail and transportation for location intelligence have also resulted in increased awareness.
- The growth of real-time analytics market has led to increased integration of RTLS (Real Time Location Systems) into location analytics solutions to monitor the data continuously. The improved and quicker decision making offered by this technology will drive the adoption.
- With the growth of the market and high switching costs, the need to get to customers early has resulted in a significant degree of competitiveness.
- The growth of mobile location analytics in the retail sphere has led to major demand for this technology. The ease of integration and quicker access for consumers through this technology will drive the market.
- Based on services, system integration services is anticipated to reach $16.5 billion by 2023 at a CAGR of 22.3%, owing to the growing need of software development services and IT Staffing solutions.
- Presence of a significant number of players in the Americas region is adding to the growth of the market.
- Pitney Bowes Inc., Caliper Corp., and Oracle are analyzed to be the dominant players of the location intelligence and location analytics market. Other players including Tibco, Galigeo, Teradata, Tableau, ESRI, accounts for a meager market share.
- The top companies have been investing significantly in R&D. IBM and Oracle, along with few of the significant key players have witnessed strong revenues for their location intelligence and location analytic products/services.
- Caliper Corporation, Pitney Bowes Inc, Oracle, and SAP are some of the major vendors of location intelligence and location analytics globally.
- Though the industry has witnessed a rise in cloud-based applications and increasing adoption of analytical business intelligence, key players are managing to sustain the market demand and profit margins with strategic investments and production flexibility.
- Galigeo mapping for IBM Cognos provides rich location analysis capabilities as well as data visualization to IBM Cognos application. Galigeo integrates with IBM Cognos to deliver geospatial data to enable Cognos Package data model through the identification of geographic dimensions of the data.
- Location Intelligence and Location Analytics Market By Type:
- Small Enterprises
- Medium Enterprises
- Large Enterprises
- Location Intelligence and Location Analytics Market By Service:
- Consulting Services
- System Integration Services
- Managed Services
- Others
- Location Intelligence and Location Analytics Market By Industry
- 1 Consumer
- 2 BFSI
- 3 Real Estate
- 4 Travel
- 5 Transportation & Logistics
- 6 Manufacturing
- 7 Others
- Location Intelligence and Location Analytics Market by Application
- Sales and Operational Profitability Management
- Workforce Management
- Facilities Management
- Tracking and Route Monitoring
- Customer and Marketing Management
- Risk Assessment/Situational Awareness
- Others
- Location Intelligence and Location Analytics Market By Geography (Covers 14 + Countries)
- Location Intelligence and Location Analytics Market By Entropy
- SAS Institute
- Microsoft
- Locomizer
- Maplarge
- Spatial
- Cisco
- ESRI
- Company 9
- Company 10+
- Market Size by Product Categories
- Market trends
- Manufacturer Landscape
- Distributor Landscape
- Pricing Analysis
- Top 10 End-user Analysis
- Product Benchmarking
- Product Developments
- Mergers & Acquisition Analysis
- Patent Analysis
- Demand Analysis (By Revenue & Volume)
- Country-level Analysis (15+)
- Competitor Analysis
- Market Shares Analysis
- Value Chain Analysis
- Supply Chain Analysis
- Strategic Analysis
- Current & Future Market Landscape Analysis
- Opportunity Analysis
- Revenue and Volume Analysis
- Americas Market for Location Intelligence & Location Analytics (2018-2023)
- Europe Market for Location Intelligence & Location Analytics (2018-2023)
- APAC Market for Location Intelligence & Location Analytics (2018-2023)
- RoW Market for Location Intelligence & Location Analytics (2018-2023)
- BFSI Market for Location Intelligence & Location Analytics (2018-2023)
- Consumer Market for Location Intelligence & Location Analytics (2018-2023)
- Real Estate Market for Location Intelligence & Location Analytics (2018-2023)
- Travel Market for Location Intelligence & Location Analytics (2018-2023)
- Transportation & Logistics Market for Location Intelligence & Location Analytics (2018-2023)
- Manufacturing Market for Location Intelligence & Location Analytics (2018-2023)
- Small Enterprises Market for Location Intelligence & Location Analytics (2018-2023)
- Medium Enterprises Market for Location Intelligence & Location Analytics (2018-2023)
- Large Enterprises Market for Location Intelligence & Location Analytics (2018-2023)
- Consulting Services Market for Location Intelligence & Location Analytics (2018-2023)
- System Integration Services Market for Location Intelligence & Location Analytics (2018-2023)
- Managed Services Market for Location Intelligence & Location Analytics (2018-2023)
- Real Estate Market for Intelligence & Location Analytics (2018-2023)
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