The smartphone industry is very mature in this region. Many of the new smartphones are launched in this region before anywhere else in the world. Both Canada and the USA have more than 50% penetration of smartphones in their population. This increase in the smartphone and the retail industry is also growing, and the location analytics market is set to increase in the years to come.
Location analytics is emerging as one of the major segment in the field of market research. It is the process to generate insights from the geographical business data. With more retail stores being established each day, there is a chunk of user data that is generated every time a consumer or customer enters the store and till he leaves after the final transaction is done.
These data points are now being analyzed with different analytical solutions. Location-based analytics helps in contextualizing of location-centric data, so that meaningful insights could be derived from the same and strategic business decisions could be made. This data could, in turn, be used to enhance the customer experience as well as gain a competitive edge over other market players. By leveraging smartphones with wi-fi networks, location analytics vendors have made it possible to get location analytics solutions up and running at a minimal cost.
The rise in all the customer-facing industries has led to the introduction to wi-fi location analytics (LBS) system that allows the customers to connect through on-site wi-fi, which opens a direct channel of communication that enables the retail centers and similar others to better understand their customers and accordingly, deliver products as per the customer's needs. Understanding the customer's needs via this method helps maximize retail output and retail services. Different analytics solutions are quite popular now such as the web analytics. Location-based analytics will become the need of the hour for designing and measuring experiences of customers. In the near future, location analytics solutions will become a commonplace in the marketplace.
The North American location analytics market has been broadly segmented into types of deployment and end-user industry. On the basis of the type of deployment, the market has been segmented into on-premise and on-demand models. Whereas, as per end-user industry, the market has been segmented into retail, banking, manufacturing, communications, travel and transport, professional services, energy, healthcare, government, entertainment and media and others.
In the past, retail held the largest market share in the overall North American market owing to the growing demand for analyzing customer buying behavior and requirements and managing marketing campaigns in the region. The market has also been segmented geographically into countries as the United States and Canada.
Some of the key market players mentioned in the report are Esri, Cisco, Galigeo, Microsoft, Pitney Bowes and Placed.
Consistent growth in the retail market, increasing adoption of analytical business intelligence and geographic information systems technology and also, the increasing focus on the needs of customers and customer satisfaction are some of the factors that have fuelled the growth of the market.
Security and privacy concerns associated with the market data, and limitations and error-prone nature of these databases are the some of the key factors hindering the growth of the market.
Market analysis for the North America location analytics market, with country-specific assessments and competition analysis on a regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the location analytics market on a country scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights into the major countries in which this industry is growing and also identify the regions that are still untapped.
1.1 Key Study Deliverables
1.2 Study Assumptions
1.3 Market Definition
1.4 Key Findings of the Study
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growth in Retail Market
4.2.2 Increasing adoption of analytical business intelligence and geographic
information systems technology
4.2.3 Increasing Usage of Internet of Things
4.3 Market Restraints
4.3.1 Concerns about security and privacy
4.3.2 Systems are error prone –In cases like incomplete business information, out-of-date information and limitation of place databases
4.4 Industry Value Chain Analysis
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Consumers
4.5.3 Threat from new entrants
4.5.4 Threat from substitute Product Types
4.5.5 Competitive rivalry within the industry
5. Technology Overview
5.1 Technology Snapshot
5.2 Ongoing developments
6. Global Location Analytics Market Segmentation
6.1 By Location
6.2 By Deployment Model
6.3 By Verticals
6.3.7 Energy & Power
6.4 North America
6.4.1 United States
7. Competitive Intelligence - Company Profiles (List Populated Globally)
7.1 Cisco Systems
7.2 Microsoft Corporation
7.4 SAS Institute, Inc.
7.5 Oracle Corporation
7.6 SAP SE
7.7 ESRI (Environmental Systems Research Institute)
7.8 Tibco Software Inc.
7.9 SAS Institute Inc.
7.10 Pitney Bowes
8. Investment Analysis
9. Future of North America Location Analytics Market