Global Location Intelligence Market

Location Intelligence Market Size, Share, Growth Analysis, Component (Software, Services), By Location Type (Indoor, Outdoor), By Deployment (On-Premises and Cloud), By Region -Industry Forecast 2025-2032

Report ID: SQMIG45H2075 | Region: Global | Published Date: December, 2024
Pages: 179 | Tables: 147 | Figures: 71

Location Intelligence Market News

  • In October 2024, Qualcomm Technologies, Inc. and Sensitech, collaborated to improve the cold chain monitoring solutions industry. This partnership seeks to utilize the strengths of both companies to provide pioneering visibility and analytics solutions in the global market. It will enhance the efficiency of surveillance, intelligence, and the level of responsiveness within the supply chains.
  • In May 2024, MDA launched the VDOP (vessel detection onboard processing system) that intends to modernize the way intelligence information is shared at seas. This new service connects the satellite directly to a ship. The VDOP will significantly assist in connecting with and resolving critical concerns like the narcotics smuggling, piracy, illegal fishing, and human trafficking.
  • In November 2023, Esri is improving its strategic partnership with by connecting its spatial analytics capabilities with Microsoft Fabric. This collaboration aims at meeting the rising needs for spatial analytics by decreasing the time to insights, and addressing the need to find new patterns, trends, and relationships through the use of Esri's ArcGIS software.
$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Location Intelligence Market size was valued at USD 16.28 Billion in 2022 and is poised to grow from USD 18.85 Billion in 2023 to USD 60.95 Billion by 2031, growing at a CAGR of 15.8% in the forecast period (2024-2031).

The location intelligence industry is witnessing immense competition since major players in the market are focusing on innovation and growth. Esri, Google, Oracle and IBM for instance are some of the pioneers who are providing advanced geospatial solutions. These players are engaging in partnerships, mergers and acquisitions to improve their product offerings and capture new markets. Many new startups are also actively entering the market and offering niche solutions for specific industries, which is creating a dynamic competitive setting. One of the major trends is the focus on AI-driven analytics and real-time analytics. Many companies are investing in R&D to solve issues such as the accuracy and integration of data, with the aim of delivering actionable insights quickly and efficiently to their customers. 'Autodesk, Inc.', 'Bosch Software Innovations GmbH', 'ESRI', 'HERE Technologies', 'MDA Corp.', 'Navizon, Inc.', 'Pitney Bowes, Inc.', 'Qualcomm Technologies, Inc.', 'Supermap Software Co., Ltd.', 'Tibco Software, Inc.', 'Trimble, Inc.', 'Trueposition, Inc.', 'Wireless Logic'

The spatial data generated through GPS enabled devices, IoT sensors, and GIS has increased exponentially and serves as a rich source of location intelligence data and analytics. However, owing to the vast amount and variety of spatial data, there is an increasing demand for advanced tools and technologies to facilitate the extraction of valuable knowledge.

Growing Usage of IoT Devices: The Internet of Things (IoT) devices generate vast amounts of spatial data. This data is analyzed by businesses and governments to gain valuable insights into customer behavior, optimize operations, and improve service delivery. In recent times, most of the IoT is made up of smartphones. Therefore, the increasing integration of IoT with location intelligence enables real-time tracking and monitoring. This improves decision-making processes across various sectors like transportation, logistics, and retail which is expected to fuel the location intelligence market revenue positively.

North America is dominating with the largest location intelligence market share. The market in this region is rapidly increasing because of the high integration of internet of things (IoT) and edge computing. Organizations are heavily investing in IoT for gathering real-time location data from different sources. This is helping them to improve operational efficiency and enhance decision making process. Furthermore, edge computing is helping in the processing of data closer to the source, minimizing latency and allowing faster response to location-based insights. The incorporation of AI and ML into location-based analytics is enabling business to analyze huge amount of location data more efficiently. This will help them to understand patterns and trends that were earlier difficult to recognize.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Related Reports

Data Center Interconnect Market
Buy Now GET FREE SAMPLE
Low Earth Orbit (LEO) Satellites Market
Buy Now GET FREE SAMPLE
Mobile Advertising Market
Buy Now GET FREE SAMPLE
Unified Network Management Market
Buy Now GET FREE SAMPLE
Network Management Market
Buy Now GET FREE SAMPLE

Feedback From Our Clients

Global Location Intelligence Market

Report ID: SQMIG45H2075

$5,300
BUY NOW GET FREE SAMPLE