Location Based Services Market Size, Share, Growth Analysis, By Component(Platform, Services, Hardware), By Location Type(Indoor, Outdoor), By Application(GIS, Navigation, Tracking, Social Media), By Vertical(Logistics, Retail, Healthcare, Media), By Region - Industry Forecast 2024-2031

Google has been actively offering location based services and solutions, such as search engine, cloud computing, and location-based advertising. The goal of Google location-based services (LBS) is to deliver a more precise device location and to increase location accuracy in general. Additionally, based on the user's location, Google Maps offers helpful information about nearby eateries, ATMs, and other locations. The business also provides integration of the LBS API for other application developers. Google Now, Google Search, and Knowledge Graph are other location based services offered by the search giant.

Maps and location-based services (LBS) are offered by HERE, an Open Location Platform firm, across a variety of displays and OSs. It offers services and solutions to several end-use industries, including the public sector, infrastructure, telecom, utilities, and the automotive, transportation, and logistics sectors. It offers services and solutions to several end-use industries, including the public sector, infrastructure, telecom, utilities, and the automotive, transportation, and logistics sectors. A variety of location-based services (LBS) are available from HERE, including Fleet Telematics, Geocoding, Geo visualization, HERE Advertising Data Services, and HERE Mobile SDK, which adds smart location context to user location data for more accurate location.

Apple location-based services enable Apple and outside app developers to track Apple customers' present locations and provide them a range of location based services. Apple has recently seen increased success with indoor location based services. Additionally, the business expanded its indoor location based services technology by introducing iBeacon and acquiring WIFI SLAM.

Location Based Services Market Top Players Company Profiles

• Apple
• Google LLC
• HERE Technologies
• TomTom N.V.
• Foursquare Labs, Inc.
• Cisco Systems, Inc.
• ESRI (Environmental Systems Research Institute)
• IBM Corporation
• Microsoft Corporation
• Oracle Corporation
• Qualcomm Inc.
• Telenav, Inc.
• Zebra Technologies Corporation
• Ericsson AB
• Navigine
• Navisens
• AirSage Inc.
• Bluedot Innovation
• Geoloqi
• LocationSmart

Location Based Services Market Recent Development

• In October 2021, Kloudspot Inc. announced its partnership with Cisco Meraki to help organizations offer safer and smarter workspace experiences for customers and employees. The Kloudspot Platform and KloudVision combine real-time location intelligence and video analytics collected from the Cisco Meraki intuitive cloud-first platform to securely integrate unique safety features, such as occupancy monitoring for social distancing, automated triggers, and PPE compliance monitoring.
• In October 2021, Ola, a leading cab aggregator and e-vehicle maker announced that it had acquired GeoSpoc, a geospatial service provider, to help develop more accurate mapping, incorporating multi-modal transportation options, deploying real-time satellite imagery to access road quality for increased safety.
• In August 2021, IT services major Wipro Ltd announced that it has partnered with HERE Technologies to offer location-based services to customers from energy and utilities, manufacturing, transport and Logistics, telecom, and automotive industry verticals.