Home / ICT / Location Intelligence Market By Service (Consulting, System Integration, Others), By Application (Workforce Management, Asset Management, Facility Management, Risk Management, Remote Monitoring), By Industry Vertical (Retail and Consumer Goods, Government & Defense, Manufacturing & Industrial, Transportation & Logistics, IT & Telecom, Utilities & Energy, Media & Entertainment, Others) - Growth, Future Prospects, and Competitive Analysis, 2022 - 2030

Location Intelligence Market By Service (Consulting, System Integration, Others), By Application (Workforce Management, Asset Management, Facility Management, Risk Management, Remote Monitoring), By Industry Vertical (Retail and Consumer Goods, Government & Defense, Manufacturing & Industrial, Transportation & Logistics, IT & Telecom, Utilities & Energy, Media & Entertainment, Others) - Growth, Future Prospects, and Competitive Analysis, 2022 - 2030


Key Market Insights

"Rapid Adoption of Advanced Technologies expected to uplift the Global Location Intelligence Market"

The global location intelligence market was valued at US$ 13.8 Bn in the year 2021 and is expected to reach US$ 55.05 Bn by the year 2030, expanding at a CAGR of 16.7% during the forecast from 2022 to 2030.

More than 80% of all data maintained by organizations around the world has a location component. Just like the CRM-style analytical solutions of a decade ago, location intelligence offers value to an organization by using sophisticated technology and analysis to help executives and enterprise-level users alike make critical business decisions.

Using economics, demographics, physical geography, and other data pertaining to location, location intelligence helps detect patterns, risks, and opportunities often difficult to see in basic spreadsheet analysis. For financial, insurance, communications, and retail operations, location intelligence provides very specific benefits, which translate to increased revenues, reduced costs, and improved efficiency for any organization. Yet many high-level executives still have not embraced this technology.

Service Analysis

"Consulting Service expected to grow at a Rapid Rate during the Forecast Period"

The system integration segment accounted for the largest market share of over 45% in 2018. Many industries seek help from system integrators to integrate location intelligence tools with their assets, business processes, and products to be able to collect a variety of information that can be further analyzed to infer meaningful insights. The system integration segment is projected to witness the highest demand in near future, owing to the increasing need to integrate new data sources with the rising adoption of IoT and the ever-increasing location-based data.

The consulting segment is expected to expand at a CAGR of approximately 14% over the forecast period. Location intelligence helps consult companies to gather, analyze, and examine relevant information and offer a more accurate opinion to other organizations. Various industries take advice for integrating location intelligence tools with their business processes from location intelligence and IoT consulting firms.

Regional Analysis

"North America held the Largest Revenue Share in the Global Location Intelligence Market in 2018"

Presently, North America is the largest shareholder in the location intelligence market. In North America, the US and Canada are the two major contributors to the overall location intelligence market growth. The US holds a higher market share in the location intelligence market. In the US, the government and defense, and telecommunication and IT verticals are expected to majorly contribute to the market growth. The growth in North America is attributed to the rising technological advancements, increasing industry standards for location-based technologies, and growing financial support from the governments. The region has also witnessed the emergence of startups in the location intelligence market. It has been the most promising region across verticals, such as BFSI, healthcare and life sciences, and telecommunications and IT. The government sector has also joined the race to become a technologically advanced sector for catering to a broad customer base. The region houses some of the biggest retail companies. In terms of adoption, North America is contributing significantly to the market and expected to grow further.

Key Players & Competitive Landscape:

  • The Global Location Intelligence Market is a Highly Competitive Market with Presence of a Large Number of Players
  • The global location intelligence market is a fragmented market with the presence of a large number of small and large players.

List of Companies Covered:

  • Pitney Bowes Inc.
  • Apple Inc.
  • Qualcomm Technologies
  • Wireless Logic
  • HERE Technologies
  • Bosch Software Innovations GmbH
  • Trimble Inc.
  • SAS Institute Inc.
  • Esri
  • Oracle Corporation
  • Microsoft Corporation
  • GeoMoby
  • Alteryx
  • Lepton Software
  • Quuppa
  • IBM Corporation

Key Industry Development:

  • In May 2019, Esri released the new software ArcGIS 10.7. This will be beneficial to individuals who are not traditional GIS users. With the release of ArcGIS 10.7, Esri Geospatial Cloud unifies its software and services and offers flexible, subscription-based licensing.
  • In April 2019, Esri signed a contract with the Lithuanian Transport Safety Administration (LTSA), Hydrography Division. As per the contract, LTSA would partner with the company to implement a new seabed database and nautical cartography system.

Historical & Forecast Period

This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Location Intelligence market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Location Intelligence market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

ATTRIBUTE DETAILS
Research Period  2020-2030
Base Year 2021
Forecast Period  2022-2030
Historical Year  2020
Unit  USD Billion
Segmentation
Service  
  • Consulting  
  • System Integration  
  • Others  

Application  
  • Workforce Management  
  • Asset Management  
  • Facility Management  
  • Risk Management  
  • Remote Monitoring  
  • Sales & Marketing Optimization   
  • Customer Management  
  • Others  

Industry Vertical  
  • Retail & Consumer Goods  
  • Government & Defense  
  • Manufacturing & Industrial  
  • Transportation & Logistics  
  • BFSI  
  • IT & Telecom  
  • Utilities & Energy  
  • Media & Entertainment  
  • Others 

 Region Segment (2020–2030; US$ Billion)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa
Global Impact of Covid-19 Segment (2020-2021; US$ Billion )
  • Pre Covid-19 situation
  • Post Covid-19 situation

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Location Intelligence market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2030.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Location Intelligence market?
  • Which is the largest regional market for Location Intelligence market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Location Intelligence market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Location Intelligence market worldwide?
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