Location Intelligence & Location Analytics Market is anticipated to hit $28.17 billion by 2023 at a CAGR of 23.40%.
According to the new market research report by IndustryARC titled “Location Intelligence & Location Analytics Market: By Organization (Small, Medium, Large); By Service (Consulting, System Integration, Others); By Industry (Consumer, BFSI, Travel, Others); By Application (Workforce Management, Facility Management, Others) & By Geography - (2015-2021)”, the market is driven by the growth of mobile location analytics in the retail sphere.
Americas held the largest market share in the Location Intelligence & Location Analytics Market
Americas region holds the largest market share and growth in the Location Intelligence and Location Analytics Market, and is anticipated to reach $11.2 billion by 2023 at a CAGR of 20.5%. However, APAC witnesses highest growth during the forecast period and is expected to reach $7.6 billion by 2023 at a CAGR of 31.9%. A significant increase in adoption of big data analytics is set to drive the Americas Location Intelligence Market. The key applications in this region include workforce management, facility management among others.
Location Intelligence & Location Analytics Market Value Chain Analysis done in the full report
- Business Analytics Value Chain:
In Analytics value chain, the data, via a series of steps, is converted into actionable insights. The data, which is initially acquired from various sources, is filtered and unwanted or redundant data is removed. Data is then transformed in the required format and the analysts explore and analyze data, which is further reported into actionable insights for automation and operations.
- Business Intelligence Value Chain:
–In Intelligence value chain, data from various businesses are gathered from different data sources such as operational sources, ERP, CRM, SQL, Flat files/ Spreadsheets and others. The data flows through ETL from sources to end results, is transformed, and then loaded into the data warehouse for further end use in OLAP analysis, data mining, data visualization, reports, dashboards, alerts, and others.
- Location Intelligence and Location Analytics:
–Location intelligence is basically business intelligence (BI) tool, which correlates geographic conditions and contexts to business data gathered from various data sources, and converts data into insights for business. It can also be used as an asset management tool. Location analytics is a process of interpreting and analyzing data when used in combination with GIS (Geographical Information System).
- LI and LA are a part of business intelligence and analytics, in conjunction with geospatial data. Inputs from analytics and intelligence value chains are converted into insights through LI and LA in various end use industries such as consumer/retail, transportation, banking, finance & insurance services, manufacturing, logistics, and others.
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Excerpts on Location Intelligence & Location Analytics Market Growth Factors
- The global location intelligence and location analytics market is in the growth phase, and countries in Asia-Pacific and European regions have a scope of significant growth in the coming future, along with few of the other developed countries globally.
- Asia-pacific is the fastest growing market for location intelligence and location analytics market. Global location analytics market in the APAC region has grown considerably in the past few years, and this trend is anticipated to continue in the coming future while China and Japan are the major contributors to the market.
- Location Intelligence and location analytics market by the real estate industry is anticipated to reach $4.05 billion by 2023 at a CAGR of 27.2%.
- Location Intelligence and location analytics market by transportation and logistics industry is anticipated to reach $13.9 billion by 2023 at a CAGR of 22.2%.
- The ease of integration and quicker access for consumers through this technology will drive the market.
- With the advancement of the banking and finance sector, location intelligence is expected to grow in the RoW region.
- Rising mobile and cloud analytics has led to the growth of location intelligence and location analytics across the globe.
- The growing location analytics market based on smartphone technology for advertising purposes, in particular, will result in the fast growth of the market. The growing applications in retail and transportation for location intelligence have also resulted in increased awareness.
- The growth of real-time analytics market has led to increased integration of RTLS (Real Time Location Systems) into location analytics solutions to monitor the data continuously. The improved and quicker decision making offered by this technology will drive the adoption.
- With the growth of the market and high switching costs, the need to get to customers early has resulted in a significant degree of competitiveness.
- The growth of mobile location analytics in the retail sphere has led to a major demand for this technology. The ease of integration and quicker access for consumers through this technology will drive the market.
- Based on services, system integration services is anticipated to reach $16.5 billion by 2023 at a CAGR of 22.3%, owing to the growing need of software development services and IT Staffing solutions.
- Presence of a significant number of players in the Americas region is adding to the growth of the market.
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Key players of Location Intelligence and Location Analytics Market:
- Pitney Bowes Inc., Caliper Corp., and Oracle are analyzed to be the dominant players of the location intelligence and location analytics market. Other players including Tibco, Galigeo, Teradata, Tableau, ESRI, accounts for a meager market share.
- The top companies have been investing significantly in R&D. IBM and Oracle, along with few of the significant key players have witnessed strong revenues for their location intelligence and location analytic products/services.
- Caliper Corporation, Pitney Bowes Inc, Oracle, and SAP are some of the major vendors of location intelligence and location analytics globally.
- Though the industry has witnessed a rise in cloud-based applications and increasing adoption of analytical business intelligence, key players are managing to sustain the market demand and profit margins with strategic investments and production flexibility.
- Galigeo mapping for IBM Cognos provides rich location analysis capabilities as well as data visualization to IBM Cognos application. Galigeo integrates with IBM Cognos to deliver geospatial data to enable Cognos Package data model through the identification of geographic dimensions of the data.
Location Intelligence and Location Analytics Market Report is segmented as indicated below
- Location Intelligence and Location Analytics Market By Type:
1.Small Enterprises
2.Medium Enterprises
3.Large Enterprises
- Location Intelligence and Location Analytics Market By Service:
1.Consulting Services
2.System Integration Services
3.Managed Services
4.Others
- Location Intelligence and Location Analytics Market By Industry
1 Consumer
2 BFSI
3 Real Estate
4 Travel
5 Transportation & Logistics
6 Manufacturing
7 Others
- Location Intelligence and Location Analytics Market by Application
1.Sales and Operational Profitability Management
2.Workforce Management
3.Facilities Management
4.Tracking and Route Monitoring
5.Customer and Marketing Management
6.Risk Assessment/Situational Awareness
7.Others
- Location Intelligence and Location Analytics Market By Geography (Covers 14 + Countries)
- Location Intelligence and Location Analytics Market By Entropy
Companies Cited/Referenced/Interviewed in Location Intelligence & Location Analytics Market:
- SAS Institute
- Miicrosoft
- Locomizer
- Maplarge
- Spatial
- Cisco
- ESRI
- Company 10+
Related Reports
- A.Real-Time Location Systems in Healthcare Market
- B.Workforce Management Market
What can you expect from the report?
The Location Intelligence & Location Analytics Market is Prepared with the Main Agenda to Cover the following 20 points:
1.Market Size by Product Categories
2.Market trends
3.Manufacturer Landscape
4.Distributor Landscape
5.Pricing Analysis
6.Top 10 End-user Analysis
7.Product Benchmarking
8.Product Developments
9.Mergers & Acquisition Analysis
10.Patent Analysis
11.Demand Analysis (By Revenue & Volume)
12.Country-level Analysis (15+)
13.Competitor Analysis
14.Market Shares Analysis
15.Value Chain Analysis
16.Supply Chain Analysis
17.Strategic Analysis
18.Current & Future Market Landscape Analysis
19.Opportunity Analysis
20.Revenue and Volume Analysis
FAQ:
Does IndustryARC publish country, geography or application based reports Location Intelligence and Location Analysis Market?
Yes, we do have separate reports as mentioned below:
1.Americas Market for Location Intelligence & Location Analytics Market Report (2018-2023)
2.Europe Market for Location Intelligence & Location Analytics Market Analysis (2018-2023)
3.APAC Market for Location Intelligence & Location Analytics Market Size (2018-2023)
4.RoW Market for Location Intelligence & Location Analytics Market Share (2018-2023)
5.BFSI Market for Location Intelligence & Location Analytics Market Trends (2018-2023)
6.Consumer Market for Location Intelligence & Location Analytics Market Forecast (2018-2023)
7.Real Estate Market for Location Intelligence & Location Analytics Market Growth (2018-2023)
8.Travel Market for Location Intelligence & Location Analytics (2018-2023)
9.Transportation & Logistics Market for Location Intelligence & Location Analytics (2018-2023)
10.Manufacturing Market for Location Intelligence & Location Analytics (2018-2023)
11.Small Enterprises Market for Location Intelligence & Location Analytics (2018-2023)
12.Medium Enterprises Market for Location Intelligence & Location Analytics (2018-2023)
13.Large Enterprises Market for Location Intelligence & Location Analytics (2018-2023)
14.Consulting Services Market for Location Intelligence & Location Analytics (2018-2023)
15.System Integration Services Market for Location Intelligence & Location Analytics (2018-2023)
16.Managed Services Market for Location Intelligence & Location Analytics (2018-2023)
17.Real Estate Market for Intelligence & Location Analytics (2018-2023)
Does IndustryARC customize these reports and charge additionally for limited customization?
Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
- 1.Increase the level of data in the application or end user industry.
- 2.Increase the number of countries in geography chapter.
- 3.Find out market shares for other smaller companies or companies which are of interest to you.
- 4.Company profiles can be requested based on your interest.
- 5.Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end-use segment.
Any other major customizations can be discussed with our team, we can provide a separate quote based on your requirement. You can drop in an e-mail to sales@industryarc.com to discuss more about our consulting services.
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Mr. Venkat Reddy
Sales Manager
Email 1:sales@industryarc.com
Or Email 2:venkat@industryarc.com
Contact Sales: +1-614-588-8538 (Ext-101)
About IndustryARC:
IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &Healthcare.
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