Published Date: 30-Jun-2022
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According to a new report, published by KBV research, The Global Location Intelligence Market size is expected to reach $36 billion by 2028, rising at a market growth of 15.3% CAGR during the forecast period.
The Asset Management segment is showcasing a CAGR of 15.7% during (2022 - 2028). The rising growth of the segment is owing to the increasing number of large enterprises all over the world. These businesses have a significant number of assets in their facilities. In order to monitor and manage these assets, the demand for asset management in location management is surging. This factor is contributing to the rising growth of this segment of the market.
The Solution segment generated highest revenue share in the Global Location Intelligence Market by Offering in 2021, achieving a market value of $22.5 billion by 2028. The rising demand for location intelligence solution is owing to the increasing demand for efficient management solutions among businesses. To drive the growth of their company, a lot of businessowners are adopting these solutions. This factor is augmenting the growth of this segment.
The BFSI segment has shown growth rate of CAGR 14.1% during (2022 - 2028). The rising growth of the segment is owing to the fact that location analysis data can help banks expand their banking network and make informed decisions about new acquisitions and ongoing investments. It also makes it easy for banks to communicate with their customers and provide important information like the location of the nearest bank or ATM.
The North America market dominated the Global Location Intelligence Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $12.1 billion by 2028. The Europe market is exhibiting a CAGR of 14.9% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 15.9% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/location-intelligence-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 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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Unique Offerings from KBV Research
North America Location Intelligence Market Future Scope & Opportunities 2022-2028
Europe Location Intelligence Market Size & Growth Forecast 2022-2028
Asia Pacific Location Intelligence Market Size, Share & Industry Outlook to 2028
LAMEA Location Intelligence Market Growth, Trends & Forecasts 2022-2028