PUBLISHER: TechNavio | PRODUCT CODE: 2172510
PUBLISHER: TechNavio | PRODUCT CODE: 2172510
The global location-based services (LBS) market is forecasted to grow by USD 301202.6 mn during 2025-2030, accelerating at a CAGR of 24.5% during the forecast period. The report on the global location-based services (LBS) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by expansion of connected wearable and location-enabled consumer devices, growing adoption of connected mobility ecosystems, expanding penetration of smartphones and location-enabled digital applications.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
| Market Scope | |
|---|---|
| Base Year | 2025 |
| End Year | 2030 |
| Series Year | 2026-2030 |
| Growth Momentum | Accelerate |
| YOY 2026 | 21.4% |
| CAGR | 24.5% |
| Incremental Value | $301202.6 mn |
Technavio's global location-based services (LBS) market is segmented as below:
By Component
By Type
By Application
Geography
This study identifies the shift toward spatial intelligence platforms as one of the prime reasons driving the global location-based services (LBS) market growth during the next few years. Also, AI-native location reasoning integration within location services and growing convergence of location intelligence with digital twin environments will lead to sizable demand in the market.
The report on the global location-based services (LBS) market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading global location-based services (LBS) market vendors that include Apple Inc., CartoDB Inc., CenTrak Inc., Cisco Systems Inc., Esri Inc., Foursquare Labs Inc., Garmin Ltd., Google LLC, HERE Technologies, IBM Corp., Mapbox Inc., Microsoft Corp., Navigine Corp., NextBillion AI, Oracle Corp., Precisely Software Inc, Qualcomm Inc., Quuppa Oy, Telefonaktiebolaget Ericsson, TomTom NV, Trimble Inc., Zebra Technologies Corp.. Also, the global location-based services (LBS) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.