Market Overview:
The global location of things market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for location-based services and applications across different industries, such as automotive, medical treatment, communication, navigation, and others. The hardware equipment segment is expected to hold the largest share in the global location of things market during the forecast period. However, the software system segment is projected to grow at a higher CAGR than that of hardware equipment during the forecast period.
Product Definition:
Location of Things is the process of identifying and specifying the geographic location of features, objects or points on or near the Earth's surface. It has many applications in business, science, engineering and everyday life.
Hardware Equipment:
Hardware equipment is the physical devices or objects which are used to achieve a certain result. It can be in the form of a sensor, actuator, controller or any other device that helps in collecting and processing data. Hardware equipment plays an important role in Location of Things (LoT) market as it enables users to interact with their surroundings by providing information on real-time basis.
Software System:
Software system is used in the Location of Things (LoT) market for various applications such as fleet management, asset tracking and monitoring, passenger information management among others. The software helps to collect real-time data from various devices connected with the LoT network and displays it on a single platform which can be easily accessed by operators.
Software systems are widely used across several industries including transportation & logistics, automotive & manufacturing owing to its benefits such as reduced costs associated with device installation.
Application Insights:
The communication segment dominated the global location of things market in 2017. The growth can be attributed to the increasing use of smartphones and social media platforms. Moreover, companies are focusing on developing innovative products such as smartwatches and fitness bands that will enhance customer experience and help companies reach a new level of success.
The navigation application is expected to witness significant growth over the forecast period owing to its wide-scale adoption by individuals for personal as well as commercial purposes such as car, bike, bus, train etc. Moreover, governments are also encouraging usage of these devices for public transportation applications which is further anticipated to drive demand over the forecast period.
Medical treatment was another prominent segment that accounted for a considerable share in 2017 due to rising investments by medical equipment manufacturers particularly in developed regions like North America.
Regional Analysis:
North America dominated the market in 2017 owing to the presence of prominent players such as Google LLC; HERE, a unit of BMW Group; and GE Healthcare. The region is expected to maintain its dominance over the forecast period. This can be attributed to increasing investments in connected devices and IoT-based services by companies operating across various industries. For instance, General Electric invested USD X million for acquiring Scitech, which provides software solutions for industrial applications like process monitoring and automation.
Growth Factors:
- Increasing demand for Location-based Services (LBS) and Location-based Advertising (LBA) from various industry verticals such as retail, automotive, travel & hospitality, and logistics.
- Proliferation of smartphones and other connected devices with embedded GPS/location tracking capabilities.
- Growing demand for real-time location intelligence across a variety of applications including fleet management, asset tracking, emergency response, etc.
- Advances in big data analytics and artificial intelligence that are helping to make sense of large volumes of location data in order to extract valuable insights.
- Emergence of new technologies such as 5G networks and the Internet of Things that are enabling faster transmission speeds and more reliable connectivity for devices requiring accurate geolocation information
Scope Of The Report
Report Attributes
Report Details
Report Title
Location of Things Market Research Report
By Type
Hardware Equipment, Software System
By Application
Auto Industry, Medical Treatment, Communication, Navigation, Other
By Companies
Bosch Software Innovations, Google, IBM, Microsoft, Esri, Qualcomm Technologies, Wireless Logic, Ubisense Group, Pitney Bowes, Telogis, Tibco Software, Gobabl, Zebra Technologies, Awarepoint, Navigine, Geofeedia
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Location of Things Market Report Segments:
The global Location of Things market is segmented on the basis of:
Types
Hardware Equipment, Software System
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Auto Industry, Medical Treatment, Communication, Navigation, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bosch Software Innovations
- Google
- IBM
- Microsoft
- Esri
- Qualcomm Technologies
- Wireless Logic
- Ubisense Group
- Pitney Bowes
- Telogis
- Tibco Software
- Gobabl
- Zebra Technologies
- Awarepoint
- Navigine
- Geofeedia
Highlights of The Location of Things Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware Equipment
- Software System
- By Application:
- Auto Industry
- Medical Treatment
- Communication
- Navigation
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Location of Things Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Location of things is the determination of where an object or entity is in space and time.
Some of the major companies in the location of things market are Bosch Software Innovations, Google, IBM, Microsoft, Esri, Qualcomm Technologies, Wireless Logic, Ubisense Group, Pitney Bowes, Telogis, Tibco Software, Gobabl, Zebra Technologies, Awarepoint, Navigine, Geofeedia.
The location of things market is expected to grow at a compound annual growth rate of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Location of Things Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Location of Things Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Location of Things Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Location of Things Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Location of Things Market Size & Forecast, 2020-2028
4.5.1 Location of Things Market Size and Y-o-Y Growth
4.5.2 Location of Things Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Hardware Equipment
5.2.2 Software System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Auto Industry
6.2.2 Medical Treatment
6.2.3 Communication
6.2.4 Navigation
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Location of Things Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Location of Things Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Hardware Equipment
9.6.2 Software System
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Auto Industry
9.10.2 Medical Treatment
9.10.3 Communication
9.10.4 Navigation
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Hardware Equipment
10.6.2 Software System
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Auto Industry
10.10.2 Medical Treatment
10.10.3 Communication
10.10.4 Navigation
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Hardware Equipment
11.6.2 Software System
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Auto Industry
11.10.2 Medical Treatment
11.10.3 Communication
11.10.4 Navigation
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Hardware Equipment
12.6.2 Software System
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Auto Industry
12.10.2 Medical Treatment
12.10.3 Communication
12.10.4 Navigation
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Hardware Equipment
13.6.2 Software System
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Auto Industry
13.10.2 Medical Treatment
13.10.3 Communication
13.10.4 Navigation
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Location of Things Market: Competitive Dashboard
14.2 Global Location of Things Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bosch Software Innovations
14.3.2 Google
14.3.3 IBM
14.3.4 Microsoft
14.3.5 Esri
14.3.6 Qualcomm Technologies
14.3.7 Wireless Logic
14.3.8 Ubisense Group
14.3.9 Pitney Bowes
14.3.10 Telogis
14.3.11 Tibco Software
14.3.12 Gobabl
14.3.13 Zebra Technologies
14.3.14 Awarepoint
14.3.15 Navigine
14.3.16 Geofeedia
