Market Overview

Location-Based Services (LBS) and Real-Time Location Systems (RTLS) Market Analysis by Location Type, Software, Hardware, Service, Vertical, and Region - Global Forecast to 2023 - ResearchAndMarkets.com

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The "Location-Based
Services (LBS) and Real-Time Location Systems (RTLS) Market by Location
Type, Software, Hardware, Service, Vertical, and Region - Global
Forecast to 2023"
report has been added to ResearchAndMarkets.com's
offering.

The global LBS and RTLS market size is expected to grow from USD 22.18
billion in 2018 to USD 68.85 billion by 2023, at a CAGR of 25.4% during
the forecast period.

The major factors that are expected to drive the growth of the LBS and
RTLS market include the growing demand for mobile and web apps,
increasing use of smartphones for advertisement, and implementation of
digital transformation strategy. In addition, increasing investment in
analytics technology is one of the biggest and most important factors
resulting in the market growth. However, lack of skilled professionals
and non-uniformity of data hamper the market growth.

LBS and RTLS play a vital role in managing retail apps to offer an
enhanced user experience. LBS and RTLS in retail improve the traditional
way of understanding customer buying behavior and offer a digital
platform for customers and sellers to interact and build trustworthy
relationship. For instance, social networking platforms such as
Facebook, Instagram, and WhatsApp have changed the shopping experience
with the help of LBS and RTLS technologies, which make it easier to
understand user interest and offer them the right product,
advertisement, or campaign that influences the customer and improves the
whole buying-selling experience.

The high market share of the North American region is due to the
presence of a large number of LBS vendors in the US region. The region
has also witnessed the proliferation of startups in LBS and RTLS market.
Out of 340 startups analyzed, 79% startups are from the North American
region. Furthermore, due to robust development in infrastructures in
terms of smart cities, smart buildings, and smart transportation in the
country, the US market for LBS and RTLS is expected to dominate the
overall North American market.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Global RTLS Market, By Offering

8 Global RTLS Market, By Technology

9 RTLS Market, By Application/Use Case

10 Global RTLS Market, By Vertical

11 Geographic Analysis

12 Competitive Landscape

13 Company Profiles

  • Airista
  • Alien Technology
  • Aruba Networks (Hp Enterprise)
  • Awarepoint
  • Centrak
  • Cerner Corp.
  • Cisco
  • Decawave
  • Ge Healthcare
  • Identec Group
  • Impinj
  • Leantegra
  • Litum Technologies (Litum IoT & Sanitag)
  • Mojix
  • Openrtls
  • Redpine Signals
  • Savi Technology
  • Sonitor Technologies
  • Stanley Healthcare
  • Statsports
  • Teletracking Technologies
  • Tracktio
  • Ubisense Group
  • Visible Assets
  • Zebra Technologies

For more information about this report visit https://www.researchandmarkets.com/research/bpm35h/locationbased?w=4

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