DUBLIN, Dec 21, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Location-Based Services (LBS) and Real Time Location Systems (RTLS) Market - Global Forecast to 2021" report to their offering.
The global Location-Based Services (LBS) and Real-Time Location Systems (RTLS) market is expected to grow from USD 15.04 Billion in 2016 to USD 77.84 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 38.9%. Several factors, such as increasing availability of spatial data & analytical tools, growing focus on Business Intelligence (BI), increasing market competitiveness, and decreasing cost of solutions are expected to bolster the growth of this market.
The emergence of RTLS has further augmented the opportunity areas for LBS. Additionally, technologies enabling LBS, such as Internet of Things (IoT) and smart wearable devices have played a significant role in enhancing the adoption of leading technologies in this market. The major factors responsible for the upsurge of RTLS include optimum resource utilization through efficient asset tracking & management with the help of RTLS, increasing standardization, declining cost of RTLS hardware & software, technological advancements, and escalating applications in numerous industry sectors ranging from healthcare to defense and government support & funding.
Location analytics technology has emerged as a pioneering tool to drive new opportunities in the market. This technology is supported by advanced software and hardware location-based solutions. Some of the leading software-based solutions include, geocoding & reverse geocoding and context aware technology, while top hardware-based solutions include sensors, readers, and tags & transponders.
The healthcare and life sciences, along with the defense sector account for the largest market share in the overall market. Increasing cyberattacks on government institutions mainly targeted towards compromising critical data and financial information are some of the major factors resulting in high government spending in market. Other high growth sectors include consumer goods & e-commerce, transportation & logistics, and government & public utilities.
- Google, Inc.
- International Business Machines Corporation
- Microsoft Corporation
- Oracle Corporation
- Qualcomm Technologies, Inc.
- Teldio Corporation
- Zebra Technologies
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 LBS And RTLS Market Analysis, By Location Type
8 LBS And RTLS Market Analysis, By Technology
9 LBS And RTLS Market Analysis, By Hardware
10 LBS And RTLS Market Analysis, By Software
11 LBS And RTLS Market Analysis, By Service
12 LBS And RTLS Market Analysis, By Application Area
13 Geographic Analysis
14 Vendor Dive Matrix
15 Competitive Landscape
16 Company Profiles
17 Key Innovators
For more information about this report visit http://www.researchandmarkets.com/research/cj8kz4/locationbased
Research and Markets
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SOURCE Research and Markets