The location-based services market was valued at USD 44.47 billion in 2020 and expected to reach USD 155.13 billion by 2026 and grow at a CAGR of 23.2% over the forecast period (2021-2026). The proliferation of smartphone usage is driving the location-based services market. According to a report by the United Nations, nearly 41.5% of the total world population, as of 2019, were smartphone users.
A full report of Location Based Services Market is available at: https://www.orionmarketreports.com/location-based-services-lbs-market/30909/
Location Based Services Market Key Segments:
Basis of component:
• Hardware
• Software
• Services
• Consulting
• System Integration
• Managed services
• Other
Basis of application:
• Location-based advertising
• Business intelligence and analytics
• Social networking and entertainment
• Mapping and navigation
• Others
Basis of industry:
• Banking, Financial Services and Insurance (BFSI)
• Retail
• Automotive
• IT & Telecommunication
• Medical & Healthcare
• Transportation & Logistics
• Others
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• We cover more than 15 major industries, further segmented into more than 90 sectors.
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(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
