Industrial, Manufacturing & Heavy Industry Market News

Location analytics market expected to reach USD 19.61 billion by 2023 according to new research report

Industrial Market Research

Global Location Analytics Market - Segmented By Location Positioning (Indoor Positioning, Outdoor Positioning), Mode of Deployment (On-premise, On-demand), Component, End User Vertical and Geography - Growth, Trends, and Forecasts (2018 - 2023)

The Global Location Analytics Market was valued at USD 8.35 billion in 2017 and is projected to reach a value of USD 19.61 billion by 2023, at a CAGR of 15.29% over the forecast period, 2018-2023.

Browse details of 109 pages research report developed on “Global Location Analytics Market” at…tdoor-po/4873472 Make an Inquiry about this news

Location analytics offers a wide range of potential applications to the users, not limiting itself to a single department or an organization. Several businesses are using geographical information for analyzing, visualizing, and understanding the location-based information in making decisions related to the organization.

Location analytics further uses the past data of customer profiles and their preferences to understand various trends and patterns, globally.

Growth in the retail industry, growing use of GPS devices, and technological advancements in the field of GIS technology are driving the location analytics market.

Growth in the Retail Market

With more retail stores coming up, there is a huge chunk of raw data that comes along with the user as soon as he enters the store until he leaves after the final transaction. These data points are now being analyzed with different analytical solutions to better understand consumer behavior and purchasing patterns, which can be eventually utilized to provide a better customer experience the next time.

Location analytics helps in contextualizing of location data so that meaningful insights could be drawn and strategies can be made, which can be used to gain a competitive edge over other market players. Leading organizations are using tools, such as pricing and assortment optimization, location analytics, and customer-driven marketing to achieve dramatic benefits.

Retail Sector Accounted for the Largest Share of the Demand

Location analytics technology and Building Information Modelling (BIM) are used to intelligently model retail infrastructure. The integration of BIM with location analytics eliminates data redundancy, reduces costs incurred in design, planning, and other miscommunications.

The increased need for packaging and logistics with location analytics for improved performance have driven the market growth. Many retail organizations are using location analytics to analyze revenue generated in different territories and to calculate region-wide profitability.

Retail companies can analyze market campaign effectiveness in different locations and monitor competitors' activities. Other activities, such as merchandising, store operation, distribution, and market planning are also managed by location analytics.

Report: Make an Inquiry about this news

North America to Remain a Major Market for Location Analytics

Real-time data analytics in defense technology paved the way for broader applications of location data across multiple industries, such as retail, BFSI, and healthcare, among others. Huge technology support and growing automation trends are driving the growth of location analytics in this region.

In addition, the advent of new technologies, such as Internet of Things, are being increasingly employed in this region, which are being integrated with existing conventional infrastructure to a large extent to extract optimal output from the collected information. This will help organizations gain substantial benefit.

With a large amount of data being generated from this region, companies are looking for utilizing BI solutions to grow in the market.

Key Developments in the Market

  • January 2018 - Trimble partnered with CalAmp, where CalAmp technologies help to improve the response time tracking vehicle and equipment location. The collaboration is aimed at delivering an industry-leading telematics device with an improved field service management software technology, to provide a holistic solution capable of transforming the work processes and efficiency.

Report: Make an Inquiry about this news

Major Players:


Reasons to Access this Report

  • Impact of the emergence of geocoding technology.
  • Analyze various perspectives of the market with the help of Porter’s five forces analysis.
  • Growth across various end users, such as retail, BFSI, healthcare,.
  • Regional analysis of the market.
  • Identify the latest developments, market shares, and strategies employed by the major market players.
  • 3 months analyst support, along with the Market Estimate sheet (in excel).

Customization of the Report

  • This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.

Report: Make an Inquiry about this news


This email address is being protected from spambots. You need JavaScript enabled to view it.

For more information:

Make an Inquiry about this report HERE!