Location Intelligence Market Size Worth $66.94 Billion By 2032 | CAGR: 15.30%

The global location intelligence market size is expected to reach USD 66.94 billion by 2032, according to a new study by Polaris Market Research. The report “Location Intelligence Market Share, Size, Trends, Industry Analysis Report, By Vertical (BFSI, IT & Telecom), By Application (Remote Monitoring, Risk Management), By Service (System Integration, Consulting), And Segment Forecasts, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The industry is set to experience substantial growth driven by the expansion of web-mapping services, the popularity of portable navigation devices, and the widespread adoption of smartphone applications. Additionally, the growing prevalence of smartphones and the strengthening of location infrastructure are expected to foster opportunities for industry expansion in the foreseeable future. Industry giants like AT&T, ESRI, Google, Qualcomm, Intel, and Apple are making noteworthy investments in location intelligence technologies. These companies actively incorporate real-time location monitoring capabilities into various devices, including vehicles, smartphones, and aircraft.

Within businesses, these tools play a pivotal role in discerning consumer behavior, recognizing emerging trends, and accumulating diverse insights into specialized markets. This process significantly enhances decision-making, facilitates the provision of superior services and products, and contributes to minimizing market fluctuations. As a result, the necessity to streamline cost efficiency and enhance business operations has driven an increased demand for location intelligence tools across diverse industry sectors. This heightened demand is poised to expedite the growth of the industry.

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Asset management involves the structured management and surveillance of tangible and intangible assets. This systematic approach encompasses the activities of operating, enhancing, upkeeping, and appropriately disposing of assets to enhance organizational productivity and efficiency cost-effectively. All types of business assets, whether fixed or liquid, are meticulously monitored with location intelligence tools. These tools furnish real-time geospatial data, unveil patterns, and establish correlations among each asset. This enables organizations to thoroughly assess and optimize the utilization of their assets, facilitating informed improvements.

Incorporating location intelligence technologies enables enterprises to effectively oversee their logistics operations, mitigating the risk of delays. Furthermore, location analytics enables them to map specific regions' spending patterns. This aids in proactively managing demand-side pressures by devising strategies aligned with projected demand.

Location Intelligence Market Report Highlights

• Sales & marketing held the largest share, as it helps organization in improving profitability, risk mitigation, and events tracking
• Consulting segment will grow at the rapid pace, as it helps in better decision making, and analyzing data driven customer insights
• APAC will grow at substantial pace, owing to rising penetration of smartphones, and emergence of location analytics company
• Key players include Autodesk, Bosch Software Innovations, HERE Technologies, MDA Corp., Navizon, Pitney Bowes, & Qualcomm Technologies

Polaris Market Research has segmented the location intelligence market report based on application, service, vertical, and region:

Location Intelligence, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Workforce Management
• Asset Management
• Facility Management
• Risk Management
• Remote Monitoring
• Sales & Marketing Optimization
• Customer Management
• Others

Location Intelligence, Service Outlook (Revenue - USD Billion, 2019 - 2032)

• Consulting
• System Integration
• Others

Location Intelligence, Vertical Outlook (Revenue - USD Billion, 2019 - 2032)

• Retail & Consumer Goods
• Government & Defense
• Manufacturing & Industrial
• Transportation & Logistics
• BFSI
• IT & Telecom
• Utilities & Energy
• Media & Entertainment

Location Intelligence, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Location Intelligence Market Report Scope