DUBLIN--(BUSINESS WIRE)--The "Global Location Intelligence Market Size, Share & Industry Trends Analysis Report By Application, By Offering (Solution and Services (System Integration, Consulting, and Others)), By End User, By Regional Outlook and Forecast, 2022-2028" report has been added to ResearchAndMarkets.com's offering.
The Global Location Intelligence Market size is expected to reach $36 billion by 2028, rising at a market growth of 15.3% CAGR during the forecast period.
The approach of generating insights through location data to address spatial issues is known as location intelligence. LI analyzes location data as an integrated aspect of a business and societal problem, extending over simple data presentation on maps. Executives and decision-makers now have access to unprecedented volumes of corporate data, including a variety of geographic data due to a significant number of devices connected to the Internet of Things (IoT).
Location intelligence is derived through visualizing and analyzing large amounts of data in relation to a specific location, and it is used to facilitate prediction, holistic planning, and problem-solving. Seeing all pertinent data in the context of a location on a smart map, application, or dashboard provides new perspectives. competitive edge.
The presentation and analysis of geographical data are used to achieve location intelligence (LI). Businesses can use location intelligence technologies to detect where an event has occurred, analyze why it is occurring, and gain insight into what caused it by layering geographic data, such as traffic, demographics, and weather, to a smart map or dashboard. Many businesses are using geographic information system (GIS) technology to build location intelligence as part of their digital transformation.
The majority of data points have a physical location and time associated with them. However, geography is not only a common thread that connects various data sources and helps to break down silos. It may also deliver the most profound insights. Location data analytics is used by major organizations to address business problems and identify new opportunities. Business intelligence (BI) technologies benefit greatly from location intelligence solutions.
GIS technology is a software framework for managing, visualizing, analyzing, and finally determining the significance of geographical data. GIS, which is based on science, assists businesses in gaining valuable insight by combining various sorts of data. GIS-powered location intelligence transforms businesses as well as organizations in a variety of industries.
Market Growth Factors:
Infrastructure data, like a digital twin of an electrical grid, can show where connections are made and offer a map of the digital network. Security experts may be able to use this information to predict where assaults are likely to occur. Decentralized data is also possible due to blockchain technology. This technology can update and distribute a specific block of data in a safe encrypted environment at the same time. With use applications, such as bitcoin, blockchain applications have grown in popularity. Blockchain has also been used in the field of spatial technology to track Earth observation as well as satellite communications.
Increasing Adoption Of Location Intelligence In Various Applications
Businesses are increasingly relying on data to give the finest customer service and hence boost their business revenues in an era of rapidly developing digitization. Companies can utilize geographic data visualization to better manage their company plans, such as defining regional priorities, pricing models, and peak sales seasons. Moreover, by merging geographic data with GIS, enterprises can tap into the location of customers to provide relevant product information and store recommendations on the basis of their requirements.
Marketing Restraining Factor:
Stringent Government Regulations
The advancements in various technologies along with the skills in order to leverage these technologies have significantly increased. Due to the advanced technical knowledge, the risk of cybercrimes is becoming a major concern across administrations. In order to eliminate this risk, governments and other local authorities are increasing their efforts to address this problem. As a result, various governments have imposed strict guidelines to protect the privacy of people.
Scope of the Study
Market Segments Covered in the Report:
- Sales & Marketing Optimization
- Asset Management
- Remote Management
- Customer Management
- Risk Management
- Facility Management
- Workforce Management
- System Integration
By End User
- Transportation & Logistics
- IT & Telecom
- Retail & Consumer Goods
- Government & Defense
- Media & Entertainment
- Manufacturing & Industrial
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Robert Bosch GmbH (Bosch Software Innovations GmbH)
- Autodesk, Inc.
- Qualcomm, Inc.
- Tibco Software, Inc. (Vista Equity Partners)
- Trimble, Inc.
- Esri, Inc.
- Navizon, Inc.
- SuperMap Software Co., ltd.
- MDA Corporation
- Cuebiq, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/5lgvlo
Laura Wood, Senior Press Manager
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