Technology News, IT News, and Press release service Submit Press Release

Information Tech News & Press Release Distribution

Press release distribution service

Home | Search Global IT News:
IT News & Press Release Distribution:

Location Analytics Market expected to grow $22.8 billion by 2024

(IT-NEWSWIRE.COM, July 16, 2019 ) According to the research report "Location Analytics Market by Component (Solutions and Services), Location Type (Indoor Location and Outdoor Location), Application (Remote Monitoring, Risk Management), Vertical (Retail, Media and Entertainment), and Region - Global Forecast to 2024", published by MarketsandMarkets, global location analytics market size expected to grow from USD 10.6 billion in 2019 to USD 22.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 16.6% during 2019–2024.



Organizations are adopting location analytics to analyze and generate insights from the spatial data collected using various data sources, including sensors, cameras, GPS devices, social media sites, and mobile devices. The market evolution has been marked by the development of location-based technologies and advantages associated with them for all potential users. Location analytics vendors are trying to make things simple so that organizations can access, share, and analyze the location-based data coming from various data sources from any remote location.



Ask for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=177193456



Browse and in-depth TOC on "Location Analytics Market"

72 - Tables

31 - Figures

135 - Pages



The geocoding and reverse geocoding segment to account for the highest market share during the forecast period



Geocoding is the process of converting addresses into geographic coordinates, which can be used to place markers on maps, or position the maps. It enables people to locate, situate, and navigate themselves and is the easiest process to describe one’s location in geographic coordinates. Once a latitude and longitude value is assigned, geocoded addresses can be displayed on maps. The addresses are used in decision-making workflows, transactions, and larger business processes. Geocoding helps transform data from locations, such as a pair of coordinates, addresses, and names or places, to locations on the earth’s surface. Geocodes can be performed by entering each location at a time, or all locations at once using tables. The outputs generated are geographic features with attributes that can be used for mapping or spatial analysis.



The consulting segment to account for the highest market share during the forecast period



Organizations providing location analytics solutions also offer consulting services based on traditional data, location-based data, and Business Intelligence (BI). Location is a vital characteristic in all organizational data, as people have residences, assets have proximities, employees have worksites, and parcels have both origin and destination. Location analytics solution providers partner with other firms outside the spatial industry to educate them on the value of location intelligence and Geographical Information System (GIS) as a transformational business tool. They also work with existing clients and help them in exploring new opportunities for maximizing their Return on Investment (RoI). Consulting services play an important role in improving vendor performance while delivering location analytics solutions.



North America to account for the highest market share during the forecast period



In North America, the US and Canada are the 2 major contributors to the overall location analytics market growth. The US is expected to hold a higher market share in the location analytics market. In the US, the government and defense, and telecommunication and IT verticals are expected to majorly contribute to the market growth. The growth in North America is attributed to the rising technological advancements, increasing industry standards for location-based technologies, and growing financial support from the governments. The region has also witnessed the emergence of startups in the location analytics market.



Speak to Our Expert Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=177193456



Major vendors in the global location analytics market include SAS (US), Esri (US), Oracle (US), Pitney Bowes (US), Microsoft (US), Galigeo (France), Cisco (US), IBM (US), Purple (UK), GeoMoby (Australia), Alteryx (US), CleverAnalytics (Czech Republic), IndoorAtlas (Finland), Lepton Software (India), and Quuppa (Finland).



Don’t miss out on business opportunities in Location Analytics Market. Speak to our analyst and gain crucial industry insights that will help your business grow.



About MarketsandMarkets™



MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.



Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.



MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.



Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441

sales@marketsandmarkets.com

MnM Blog : https://mnmblog.org

Content Source : https://www.marketsandmarkets.com/PressReleases/location-analytics.asp



MarketsandMarkets™

Mr. Shelly Singh

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com

Source: EmailWire.com

Information Technology Resources
  • Application Software
  • Bioinformatics
  • Computers
  • Computer Games
  • Enterprise Software
  • Graphics/Printing/CAD
  • Hardware/Peripheral
  • industrial Computers
  • Information
  • Internet
  • Multimedia
  • Networking
  • Public Sector
  • Robotics
  • Semiconductor
  • Software
  • Telecommunications
  • Webmaster
  • Information Technology (IT) Advertisement
    Information Technology Sponsors



    Information Technology Publications
    We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Information Technology resource center today to browse our selection of 600+ complimentary Information Technology magazines, white papers, webinars, podcasts, and more. Get popular titles including:

    The Integration Journey—a Field Guide to Enterprise Integration for SOA
    Government Technology\'s Public CIO
    Protecting Content During Business Disruption: Are You Covered?

    No credit cards, coupons, or promo codes required. Try it today!

    Press release distribution service

    ITPresswire.com is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright © GroupWeb Media LLC. All Rights Reserved.

    :: Home: :: Submit Press Release :: Subscribe to News :: Shop Online :: Contact Us :: Help

    For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.
    Copyright 2008 GroupWeb Media LLC
    GroupWeb Media Network

    Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | i-SoftwareNews.com | iT-NewsWire.Com
    | i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
    ITPresswire.com - Newswire and Press Release service of GroupWeb Media LLC