Navigation Links
North America Location Based Services (LBS) Market is Expected to Reach $13.10 Billion in 2019 - New Report by MicroMarket Monitor
Date:7/22/2014

(PRWEB) July 22, 2014

Location-based services (LBS) technology is diversifying businesses by providing ubiquitous applications on location-based data. The retail and food and beverage industries are using LBS devices in order to reduce transportation costs. Due to these factors, the revenue of the location-based service market has reached $8.12 billion in 2014, and is expected to reach $39.86 billion by 2019 at a calculated CAGR of 37.50% during this period. Top industries providing this service are Microsoft, Google, Cisco, IBM, and HP.

http://www.micromarketmonitor.com/market-report/location-based-services-lbs-reports-3717915738.html

In recent times, owing to the emerging era of technology, there is an increase in the number of smartphone users. Consequently, the need for location-based services is rising. The changing business environment requires data to be made available at consumer locations. Various organizations generate profit by identifying the location information of the customer. Smartphones, which have various in-built location-based applications for the user, are the backbone of this market. Social networking at any location with the benefit of utilizing the information is enhancing the need for location-based services day by day. Some of the key players in the location-based services market are Facebook, Microsoft, Cisco, and Blackberry.

North America is one of the developed regions in technology and software applications. Various organizations are serving the LBS market by using location-based services or apps to track their customers and this data for marketing purposes.

The North American location-based services market is estimated to grow from $2.75 billion in 2014 to $13.10 billion by 2019, at an expected CAGR of 36.70% for this period.
Browse through the market data tables, figures and detailed ToC on the “North America Location Based Services (LBS) Market”.

http://www.micromarketmonitor.com/market/north-america-location-based-services-lbs-1113880874.html

Related Reports:
Europe Location Based Services (LBS) Market
Europe has tech-savvy organizations that are fully dependent on location-based services. The generation of various location-based services software is growing due to the rising demand for location tracking apps and devices, which is beneficial for supply chain, business operations, transportation, and more. Various organizations generate profits by identifying the location information of customers and vendors. The European location-based services market is estimated to grow from $2.32 billion in 2014 to $8.26 billion by 2019, at an expected (CAGR) of 28.90% for this period.

http://www.micromarketmonitor.com/market/europe-location-based-services-lbs-5846288220.html

Asia-Pacific Location Based Services (LBS) Market
Asia-Pacific is the largest growing market for location-based services. As technology develops, along with private organizations, governments in the Asia-Pacific region have adopted location-based services. Due to this there is a strong growth in the LBS market. The government needs to expand their supply chain management system for which they are highly dependent on these services.

Most of the organizations in this region have their customers and clients in other regions; hence, tracking their location benefits these organizations.
The Asia-Pacific location-based services market is estimated to grow from $1.55 billion in 2014 to $11.10 billion by 2019, at an expected CAGR of 48.20% for this period.

http://www.micromarketmonitor.com/market/asia-pacific-location-based-services-lbs-6920214665.html

Latin America Location Based Services (LBS) Market
Companies in Latin American regions offer customers with more opportunities for cost reduction through various benefits and deals based on location-based services. This drives the market and indicates a promising future. Enterprises use location-based services to increase their advertising impact and to improve customer satisfaction.

The Latin American location-based services market is estimated to grow from $845.50 million in 2014 to $4,065.20 million by 2019, at an expected CAGR of 36.90% for this period.

http://www.micromarketmonitor.com/market/latin-america-location-based-services-lbs-7361431925.html

Middle East and Africa Location Based Services (LBS) Market
In the Middle East and African region there is huge presence of big firms that can invest heavily in latest technology and keep it up to date. Due to this, organizations are receiving up-to-date maps and spatial information. Location-based services are very cost effective in this region.

Safeguarding of the private and personal information of users is one of the factors that is driving this market. Security applications and social networking apps are boosting the market in South Africa.
The Middle East and African location-based services market is estimated to grow from $685.80 million in 2014 to $3,350.80 million by 2019, at an expected CAGR of 38.50% for this period.

http://www.micromarketmonitor.com/market/middle-east-and-africa-location-based-services-lbs-8634595353.html

About MicroMarket Monitor:

MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.

Contact:
Mr. Chandrasekhar K.
5601 Bridge Street
Suite 300
Fort Worth, TX 76112
Tel: +1-888-502-0539
Email: sales(at)micromarketmonitor(dot)com
Connect with us on LinkedIn at http://www.linkedin.com/company/micromarketmonitor.

Read the full story at http://www.prweb.com/releases/location-based-services/market/prweb12036715.htm.


'/>"/>
Source: PRWeb
Copyright©2014 Vocus, Inc.
All rights reserved

Related medicine news :

1. SIGVARIS North America Celebrates ‘Every Day a Step Further’ with Events to Celebrate 150 Years
2. Cheap 2014 Guinness International Cup Tickets: Ticket Down Slashes Ticket Prices on All ICC Matches in North America
3. Northern Westchester Hospital Collaborating with ACOG District II to Help Reduce the Number of Women Who Die in Pregnancy and Childbirth
4. Northcentral University Offers Limited Time $5,000 Grant for Ph.D.-Business Administration and Ph.D.-Education Programs
5. Boca Health Remedies, Inc. Launches GermWarrior™ in Walgreens Throughout the Northeast United States
6. North Carolina Seniors Guide Focuses on Continuing Care Retirement Communities in the Triangle in August 2014 issue
7. Northeast Delta Human Services Authority Builds Upon Integrated Care Momentum
8. North American Content Delivery Network Market is Expected to Reach $7,628.4 Million in 2019 - New Report by MicroMarket Monitor
9. North America Biofertilizers Market is Expected to Reach $1,562.1 Million by 2018 - New Report by MicroMarket Monitor
10. North America Port Security Market is Expected to Reach $11.77 Billion by 2019 - New Report by MicroMarket Monitor
11. North American Cloud Analytics Market is Expected to Reach $11.498 Billion by 2019 - New Report by MicroMarket Monitor
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/26/2017)... ... , ... Dr. Alex Rabinovich, a highly-skilled oral surgeon specializing in wisdom teeth ... insurance options. If a Bay Area patient has to search for a second opinion ... an in-network provider for a second opinion can ensure a patient receives the full ...
(Date:5/26/2017)... ... May 26, 2017 , ... ... year’s recipient of proceeds from its 14th Annual Clays for Kids fundraiser, to ... Road 30, Bennett, Colorado. , As part of BluSky’s partnership with The ...
(Date:5/26/2017)... ... 2017 , ... Water damage to the flooring of several classrooms at The ... officials with a number of critical issues to address before students could return to ... with little or no disruption to class schedules. Second, the project had to comply ...
(Date:5/24/2017)... ... May 24, 2017 , ... Dr. Alan I. Benvenisty, MD is dual board ... He is known for his distinguished expertise and experience in the diagnosis and treatment ... training in treating renovascular disease and aortic aneurysm . He is known for ...
(Date:5/24/2017)... ... May 24, 2017 , ... Drs. Nicholas Rallis ... have now spent 10 years as clinical instructors for the reputable Full Mouth ... Dentistry. Through the program, private practitioners receive cutting-edge clinical training and learn how ...
Breaking Medicine News(10 mins):
(Date:5/10/2017)... Inc. (Nasdaq: HOLX ) announced today the ... April 1, 2017 .   GAAP diluted earnings per ... prior year period as the sale of the blood ... diluted EPS of $0.50 increased 6.4%.  Revenue of $715.4 ... Excluding the effects of blood screening and the acquired ...
(Date:5/10/2017)... , May 10, 2017 Radiology has become ... its costs have also spiraled to the number one ... to radiology than ever before as the most complete ... a patient with lower back pain an MRI may ... reason for pain, resulting in entirely different treatment protocols.  ...
(Date:5/9/2017)...  Demonstrating its commitment to representing research- based ... Pharmaceutical Research and Manufacturers of America (PhRMA) today ... now have to meet new research and development ... join PhRMA. "By putting in place ... clear message that being a member of PhRMA ...
Breaking Medicine Technology: