Published Date: 21-Feb-2023
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According to a new report, published by KBV research, The Global IP Geo-Location Services Market size is expected to reach $4.7 billion by 2028, rising at a market growth of 11.3% CAGR during the forecast period.
The Extended IP segment is showcasing a CAGR of 11.7% during (2022 - 2028). To help businesses defend their website or infrastructure against cyberattacks, the extended IP geo-location API offers all the details of the core IP geo-location API and crucial security data. The extended IP address geo-location API usually includes the proprietary threat level assessment data, proxy and crawler detection, and more. Businesses' increasing use of geo-location propels the segment's expansion in the coming years.
The Large Enterprises segment is leading the Global IP Geo-Location Services Market by Enterprise Size in 2021 thereby, achieving a market value of $3.5 billion by 2028. Using geo-location technology, large enterprises can successfully convert online and offline traffic into repeat customers. Due to this technology, businesses may get to know their customers better and build stronger relationships with them. Businesses collect vital information on their current customers in addition to onboarding new ones. Such advantages increase large enterprises' use of IP geo-location services and hence boost the segment's growth.
The Localize Web Content segment has shown the growth rate of 11.8% during (2022 - 2028). The process of altering an established site to make it more approachable, culturally, and user sensitive for a target demographic is known as website localization or localizing web content. It has been observed that non-native internet users spend twice as much time on a website when it is in their native tongue. Therefore, to reach a worldwide audience, boost international sales, and enter new markets, businesses need to localize their websites more than ever. Consequently, the expansion of IP geo-location solutions in many international commercial units has improved.
The North America market dominated the Global IP Geo-Location Services Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.7 billion by 2028. The Europe market is exhibiting a CAGR of 10.6% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 12.3% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/ip-geo-location-services-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Pitney Bowes, Inc., Akamai Technologies, Inc., Apilayer Data Products GmbH (Idera, Inc.), BigDataCloud Pty Ltd., Tibco Software, Inc. (Vista Equity Partners), Geobyte, Hexasoft Development Sdn. Bhd. (IP2Location), Foundry (KickFire, Inc.), MaxMind, Inc., and Neustar, Inc. (TransUnion LLC).
By API Package
By Enterprise Size
Unique Offerings from KBV Research
North America IP Geo-Location Services Market size & Opportunities 2022-2028
Europe IP Geo-Location Services Market & Growth Forecast 2022-2028
Asia Pacific IP Geo-Location Services Market Share & Industry Outlook to 2028
LAMEA IP Geo-Location Services Market Growth, Trends & Forecasts 2022-2028