Location-Based Services (LBS) and Real-Time Location Systems (RTLS) Market to grow at 17.1% CAGR during 2020-2025

Location-Based Services (LBS) and Real-Time Location Systems (RTLS) Market to grow at 17.1% CAGR during 2020-2025

ReportsnReports published a research report on “Location-Based Services (LBS) and Real-Time Location Systems (RTLS) Market by Component (Platform, Services and Hardware), Location Type (Indoor and Outdoor), Application, Vertical, Region” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2025.

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The Location-Based Services (LBS) and Real-Time Location Systems (RTLS) market to grow from USD 17.8 billion in 2020 to USD 39.2 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 17.1% from 2020 to 2025.

Top Companies Profiled in the Location-Based Services (LBS) and Real-Time Location Systems (RTLS) Market:

  • Aruba Networks (US)
  • Cisco (US)
  • Google (US)
  • Esri (US)
  • IBM (US)
  • Microsoft (US)
  • Oracle (US)
  • TomTom (Netherlands)
  • Teldio (Canada)
  • HERE (Netherlands)
  • Ericsson (Sweden)
  • Foursquare (US)
  • Navigine (US)
  • AiRISTA Flow (US)
  • Quuppa (Finland)
  • Ubisense (UK)
  • Apple (US)
  • Qualcomm (US)
  • STANLEY Healthcare (US)
  • GE Healthcare (US)
  • CenTrak (US)
  • Spime (US)
  • KDDI (Japan)
  • NTT Docomo (Japan)
  • Zebra Technologies (US)
  • Leantegra (US)

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By component, the platform segment is expected to hold the highest market share in 2020, owning to the Growing need of asset tracking. The rising demand for location analytics is encouraging market vendors to enhance capabilities of their LBS and RTLS platforms in the market. These platforms help to localize, analyze, and act on the changing business conditions and trends.

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