Global Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market

Feb 2020| VMR1647A| Verified Market Research

Report Highlights

Location-Based Services (LBS) and Real-Time Location Systems (RTLS) Marke

According to Verified Market Research, Global Location-Based Services (LBS) and Real-Time Location Systems (RTLS) Market was valued at USD 12.76 Billion in 2018 and is projected to reach USD 51.95 Billion by 2026, growing at a CAGR of 19.19% from 2019 to 2026.

Global Location-Based Services (LBS) and Real-Time Location Systems (RTLS) Market Outlook

The surge in the number of smartphones and a growing number of internet users in the market around the world is marking the evolution of the LBS and RTLS market. Rising importance and demand for geospatial data in various applications and industries, high growth of the Internet of Things (IoT), Artificial Intelligence (AI), and cloud computing are few other factors driving the growth of the market over the forecast period. Moreover, the higher adoption of business intelligence and increasing market competitiveness has resulted in a greater number of organizations realizing the benefits of LBS and RTLS, hence bolstering market growth.

Global Location-Based Services (LBS) and Real-Time Location Systems (RTLS) Market Competitive Landscape

The Global Location-Based Services (LBS) and Real-Time Location Systems (RTLS) Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Cisco Systems, Google, IBM, Ericsson, Qualcomm, ESRI, Zebra Technologies, Teldio, Microsoft, Oracle.

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