- Language: English
- Published: July 2013
- Region: America, North America, United States
Global Location Based Services (LBS) Market 2010-2014
- ID: 1552300
- February 2011
- Region: Global
- 24 Pages
The use of location based services (LBS) has been well received among end users across regions. This can be mainly attributed to the increasing demand for real time services, widespread availability of highly sophisticated portable device and with the development of new location-based applications. In the LBS market, navigation still remains the largest segment, followed by friend finder applications and traffic management. The market for location-based services is expected to grow to US$12.9 billion in 2014.
The exponential growth of GPS based touch screen phones has been a key driver for the growth of this market. However privacy concerns will continue to be a challenge to the growth of this market.
TechNavio’s “Location Based Services Market 2010 - 2014” report has been prepared based on an in-depth study of the market along with inputs from industry experts. The report contains market and vendor landscape supported by drivers, restraints and trends.
The report covers the current location based services market at a global level. The report also covers leading vendors in the market.
01. Executive Summary
03. Market Landscape
03.1 Market Size
03.2 Market Forecast
03.3 Geographic Segmentation
04. Vendor Landscape
05. Market Growth Drivers
07. Market Trends
08. Key Vendor Analysis
08.1 Navteq (Nokia)
08.2 (TeleAtlas) Tom Tom
09. Others reports in the series
List of Exhibits
Exhibit 1: Overall Global Location Based Services 2010 – 2014 (billion USD)
Exhibit 2: Location Based Services Market Segmentation by Geography (2010)
Exhibit 3: Market Share of Top Vendors in Location Based Services
Increase in Social Networking Driving Growth of Location Based Services
Research conducted by Technavio reveals that the global location based services market is expected to grow rapidly. The report, which focuses on the worldwide market indicates that the market is currently driven by the exponential growth in social networking, among other factors.
“With social networking sites such as Foursquare having approximately 4 million location based service users , this technology is expected to see tremendous growth. Social networking is here to stay and this will have a direct impact on the location based services market, “reports Technavio analyst.
In spite of the need, privacy concerns hinder the growth of this market. However, technological innovations and the increasing affordability of these solutions will continue to drive the market.
The global location based services market is marked by the merging of location based services into hand held devices especially smartphones.
The report, Global Location Based Services Market 2010-2014, is based on an extensive research from inputs by industry experts, vendors and end-users. It examines the factors- including the key trends, drivers and challenges, impacting the evolution of this market. Further, it contains an in-depth understanding of the key vendors including their SWOT Analysis.
-(TeleAtlas) Tom Tom