Location Analytics Market Report: Trends, Forecast and Competitive Analysis to 2030

Location Analytics Trends and Forecast

The future of the global location analytics market looks promising with opportunities in the remote monitoring, sales and marketing optimization, asset management, risk management, and facility management markets. The global location analytics market is expected to reach an estimated $56 billion by 2030 with a CAGR of 16.0% from 2024 to 2030. The major drivers for this market are growing need for supply chain processes to be optimized through real-time location tracking, growing adoption of internet of things (IoT) devices across multiple sectors, and the introduction and progressive commercialization of driverless cars.

A more than 150-page report is developed to help in your business decisions.

Location Analytics by Segment

The study includes a forecast for the global location analytics by component, application, deployment mode, end use industry, and region.

Location Analytics Market by Component [Shipment Analysis by Value from 2018 to 2030]:

• Solutions
• Services

Location Analytics Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Remote Monitoring
• Sales and Marketing Optimization
• Asset Management
• Risk Management
• Facility Management
• Others

Location Analytics Market by Deployment Mode [Shipment Analysis by Value from 2018 to 2030]:

• On-Premises
• Cloud-Based

Location Analytics Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• BFSI
• Healthcare
• Hospitality
• Government
• Transport and Logistic
• IT and Telecom
• Retail and Consumer Goods
• Media and Entertainment
• Others

Location Analytics Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Location Analytics Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies location analytics companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the location analytics companies profiled in this report include-

• Alteryx
• Cisco Systems
• Galigeo
• Google
• HERE Technologies
• Hexagon
• Microsoft Corporation
• Oracle Corporation
• Pitney Bowes
• Sisense

Location Analytics Market Insights

Lucintel forecasts that services is expected to witness the higher growth over the forecast period due to rising need for specialist analytics skills and the popularity of cloud-based solutions, as well as, businesses are using outside suppliers to handle more and more of their maintenance, training, and data analysis needs.

Within this market, remote monitoring will remain the largest segment due to proliferation of linked devices, the growing need for real-time data analytics, and the development of IoT technologies, along with the desire for improved operational efficiency and preventive maintenance.

North America will remain the largest region over the forecast period due to growing use of geographic information systems and analytical business intelligence, as well as a growing emphasis on customer requirements and satisfaction in the area.

Features of the Global Location Analytics Market

Market Size Estimates: Location analytics market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Location analytics market size by various segments, such as by component, application, deployment mode, end use industry, and region in terms of value ($B).

Regional Analysis: Location analytics market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different component, application, deployment mode, end use industry, and regions for the location analytics market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the location analytics market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the location analytics market size?

Answer: The global location analytics market is expected to reach an estimated $56 billion by 2030.

Q2. What is the growth forecast for location analytics market?

Answer: The global location analytics market is expected to grow with a CAGR of 16.0% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the location analytics market?

Answer: The major drivers for this market are growing need for supply chain processes to be optimized through real-time location tracking, growing adoption of internet of things (IoT) devices across multiple sectors and the introduction and progressive commercialization of driverless cars.

Q4. What are the major segments for location analytics market?

Answer: The future of the location analytics market looks promising with opportunities in the remote monitoring, sales and marketing optimization, asset management, risk management, and facility management markets.

Q5. Who are the key location analytics market companies?

Answer: Some of the key location analytics companies are as follows:

• Alteryx
• Cisco Systems
• Galigeo
• Google
• HERE Technologies
• Hexagon
• Microsoft Corporation
• Oracle Corporation
• Pitney Bowes
• Sisense

Q6. Which location analytics market segment will be the largest in future?

Answer: Lucintel forecasts that services is expected to witness the higher growth over the forecast period due to rising need for specialist analytics skills and the popularity of cloud-based solutions, as well as, businesses are using outside suppliers to handle more and more of their maintenance, training, and data analysis needs.

Q7. In location analytics market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to growing use of geographic information systems and analytical business intelligence, as well as a growing emphasis on customer requirements and satisfaction in the area.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the location analytics market by component (solutions and services), application (remote monitoring, sales and marketing optimization, asset management, risk management, facility management, and others), deployment mode (on-premises and cloud-based), end use industry (BFSI, healthcare, hospitality, government, transport and logistic, it and telecom, retail and consumer goods, media and entertainment, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?