The Europe Location Intelligence Market would witness market growth of 14.9% CAGR during the forecast period (2022-2028).
Domain knowledge, organizational frameworks, and an emphasis on decision support guide the development of location intelligence. Location is one of the most significant factors in guidelines in synchronization with mobile data, social data, user data, and sensor data, and it cuts across everything, including devices, platforms, software, and apps. The integration of a spatial aspect into business intelligence methods and technologies, which commonly includes geographical databases and spatial OLAP tools, is referred to location intelligence.
Location intelligence is a type of business intelligence in which, location or geography is the most important variable for analysis. Analyses are often conducted by observing data points overlaid on an interactive map interface, but this is not always the situation. Various location intelligence software offers all of the maps, tools, and data to the customer in accordance with their requirements. Location intelligence solutions also have capabilities for geocoding corporate data, aggregating data to postal codes, discovering hot spots, demographic analysis, facility location, and more.
As the economy recovers from the impact of the COVID-19 pandemic, the regional energy and utility sector is thriving. According to the Department for Business, Energy, and Industrial Strategy, the contribution of the energy industry to the UK GDP peaked at 10.4% in 1982. In 2020, energy industries generated 2.1% of the UK economy's GVA. Employment in the energy production, as well as distribution industries, declined between the 1980s and the mid-1990s, owing primarily to coal mine closures. Between 1995 to the mid-2000s, employment declined relatively slowly but has gradually increased since 2006, owing primarily to growth in the electricity and gas sectors.
The Germany market dominated the Europe Location Intelligence Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,387.2 million by 2028. The UK market is anticipated to grow at a CAGR of 13.9% during (2022 - 2028). Additionally, The France market would showcase a CAGR of 15.7% during (2022 - 2028).
Based on Application, the market is segmented into Sales & Marketing Optimization, Asset Management, Remote Management, Customer Management, Risk Management, Facility Management, Workforce Management, and Others. Based on Offering, the market is segmented into Solution and Services (System Integration, Consulting, and Others). Based on End User, the market is segmented into Transportation & Logistics, BFSI, IT & Telecom, Retail & Consumer Goods, Government & Defense, Media & Entertainment, Manufacturing & Industrial, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Location Intelligence Market Size will Hit $36 Billion by 2028, at a CAGR of 15.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH (Bosch Software Innovations GmbH), Autodesk, Inc., Qualcomm, Inc., Tibco Software, Inc. (Vista Equity Partners), Trimble, Inc., Esri, Inc., Navizon, Inc., SuperMap Software Co., ltd., MDA Corporation, and Cuebiq, Inc.
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