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The global location-based services market size grew from $70.27 billion in 2022 to $88.42 billion in 2023 at a compound annual growth rate (CAGR) of 25.8%.
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Location Based Services Global Market Report 2023 Market Size, Trends and Global Forecast 2023-2032
Location Based Services Segments The Business Research Company segments it’s Location Based Services report as: By Component Platform, Hardware, Services Indoor, Outdoor By Location Type GPS, Assisted GPS (A-GPS), Enhanced GPS (E-GPS), Enhanced observed time difference (E-OTD), Observed Time Difference, Cell ID, Wi-Fi, Other Technologies By Technology Location-based Advertising, Business Intelligence And Analytics, Fleet Management, Mapping And Navigation, Social Networking And Entertainment, Proximity Marketing, Asset Tracking, Other Applications By Application
Market Statistics The global location-based services market size grew from $70.27 billion in 2022 to $88.42 billion in 2023 at a compound annual growth rate (CAGR) of 25.8%. The location-based services market size is expected to grow to $226.16 billion in 2027 at a CAGR of 26.5%. Click Here To Get A Sample Report
Key Market Drivers And Trends • Drivers An upsurge in the use of smartphones and GPS-enabled devices is expected to propel the growth of location-based services. Trends Advancement in technology is a key trend gaining popularity in location-based services. • Region North America was the largest region in the location-based services market in 2022. Asia-Pacific was the second largest market in location-based services market. The regions covered in the location-based services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Key Market Players • Major players in the Location Based Services are: • Apple Inc. • Cisco Systems • Google LLC • Intel Corporation • Ericsson • And more. Get More Information On The Location Based Services Report
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