Location-based Services (LBS) Market Opportunities, Future Plans and Comprehensive Research
The Location-based Services (LBS) and Real-Time Location Systems (RTLS) market size is projected to grow from USD 24.7 billion in 2023 to USD 60.4 billion by 2028, at a CAGR of 19.6% during the forecast period.
Download Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=96994431
The usage of RTLS increased across several verticals, including healthcare, industrial manufacturing, logistics, process industries (mining, oil and gas), and defense due to all these advancements. More sectors are now recognizing the benefits of tracking, monitoring, and analyzing the precise location and movements of assets. These advantages include improved workflow, simpler processes, and higher production.
Major Location-based Services (LBS) and RTLS Companies Include:
Cisco (US)
Google (US)
Ericsson (Sweden)
TomTom (Netherlands)
Teldio (Canada)
Various globally established players, such as Cisco (US), Google (US), IBM (US), Microsoft (US), Oracle (US), Ericsson (Sweden), Qualcomm (US), TomTom (Netherlands), Zebra Technologies (US), ESRI (US), Teldio (Canada), HERE (Netherlands), Ubisense (UK), Apple (US), are dominating the LBS and RTLS market. These competitors have used various growth methods to increase their market share in the LBS and RTLS markets, including partnerships, agreements, collaborations, new product releases, product enhancements, and acquisitions.
Google (Alphabet Inc.) is a prominent player in the Location-Based Services (LBS) and Real-Time Location Systems (RTLS) market, leveraging its diverse portfolio to cater to a wide range of stakeholders. At the consumer level, flagship products like Google Maps and Waze empower users with intuitive navigation and traffic insights, enhancing daily mobility. Meanwhile, Google's Android platform fosters device-to-device connections through Nearby Share, streamlining local data exchange. Beyond consumer solutions, Google actively engages in enterprise-oriented initiatives. The Firebase Realtime Database, a cornerstone of the Google Cloud Platform, provides developers with a robust location-aware data management tool, fueling applications ranging from real-time asset tracking to delivery optimization.
Cisco has strategically positioned itself in the dynamic landscape of LBS and RTLS, reflecting its commitment to comprehensive networking solutions. Leveraging its extensive portfolio of wireless networking infrastructure, Cisco plays a pivotal role in providing the technological foundation for location-based applications. The Cisco Connected Mobile Experiences (CMX) platform is crucial, utilizing Wi-Fi infrastructure for personalized user experiences and insightful analytics. The integration of IoT devices, coupled with Cisco's networking solutions, facilitates real-time tracking and monitoring in diverse industries. Cisco's collaboration and communication tools enhance the efficacy of LBS and RTLS applications, ensuring seamless communication in scenarios where precise location information is imperative. Security is a paramount consideration, and Cisco's robust security solutions contribute to safeguarding the integrity and confidentiality of location data. Through strategic acquisitions, partnerships, and industry-specific applications, Cisco demonstrates a multifaceted approach to addressing the evolving demands of the LBS and RTLS market.
Ericsson: Ericsson is a leading multinational telecommunications company headquartered in Sweden, known for its expertise in providing telecommunications and networking solutions to service providers and enterprises worldwide. Established in 1876, Ericsson has a long history of innovation and has played a significant role in the development of telecommunication technologies.
TomTom : TomTom specializes in GPS navigation, digital mapping, and location-based services. The company's products are used in a variety of applications, from automotive navigation to fleet management and geospatial data analysis.
Get More Info about Location-based Services (LBS) and Real-Time Location Systems (RTLS) Industry : https://www.prnewswire.com/news-releases/location-based-service-lbs-and-real-time-location-systems-rtls-market-worth-60-4-billion-by-2028---exclusive-report-by-marketsandmarkets-302051809.html
Teldio: Teldio is a Canadian technology company specializing in two-way radio applications and integrated communication solutions. Headquartered in Ottawa, Ontario, Teldio focuses on developing software that enhances two-way radio systems, providing advanced features and functionality for industries that rely on radio communications.
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]