Location-based Services (LBS): Global Strategic Business Report

Global Location-based Services (LBS) Market to Reach $738.6 Billion by 2030

The global market for Location-based Services (LBS) estimated at US$131.6 Billion in the year 2022, is projected to reach a revised size of US$738.6 Billion by 2030, growing at a CAGR of 24.1% over the analysis period 2022-2030. Services, one of the segments analyzed in the report, is projected to record 18.6% CAGR and reach US$228.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Platforms segment is readjusted to a revised 27.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $35.9 Billion, While China is Forecast to Grow at 31.4% CAGR

The Location-based Services (LBS) market in the U.S. is estimated at US$35.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$196.6 Billion by the year 2030 trailing a CAGR of 31.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19.7% and 24.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 22.1% CAGR.

Select Competitors (Total 106 Featured) -

• Apple, Inc.
• AT&T, Inc.
• Bharti Airtel Ltd.
• Cisco Systems, Inc.
• Google LLC
• IBM Corporation
• Microsoft Corporation
• Nokia Corporation
• Oracle Corporation
• Qualcomm Inc.

What's New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
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