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In a recently published report, Global Location Analytics Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Location Analytics Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.
Global Location Analytics Market uses the integration of the location-based 3D data with the Business Intelligence (BI) Data to make important business decisions.Nowadays, information based on geographic location can be easily gathered using numerous sources such as Cameras, GPS Systems, Social Media Channels and Sensors used in mobile devices. Information gathered geographically helps in the data interpretation, analysis, and prediction of future data. This is especially useful in Disaster Management systems where location analytics helps in disaster prevention. The Real-Time data, combined with the Historical Data helps in identifying the disaster-prone areas. Location Analytics is also widely used in Military to keep a watch on the activities of the opponents. It is also used in courier services, to keep a record of the locations of delivery vehicles. Location Analysis helps in identifying patterns of activities based on geographic location, which can be used for the enhancement of businesses. For example: Companies can identify which location is the most profitable for them by identifying the pattern of spending location-wise. Also, the emergence of IOT (Internet of Things) and the growing ease of availability and connectivity of large data is one of the major factors that are leading to the increasing use of Location Analysis.
End-users
The end users of the Global Location Analytics Marketmainly include the BFSI, Government and Healthcare Sector, Transportation Departments, IT and Telecom Industry, Retail, Energy and Utilities and other such sectors.
Market Dynamics
The market for Global Location Analytics is currently booming due to the growth in the retail market, advancement in technology and growing concern towards customer satisfaction. It is expected to grow at a Compound Annual Growth Rate of 23.4%. The overall market for location-based analytics is expected to be worth $16.43 Billion by 2021. Historical as well as real-time information help in the predictive analysis of data for the enterprises. This helps in selection of a better target audience and thus helps in focussing the time and energy towards the correct customers. However, there are certain issues of concern, some of them being error-prone databases, security and privacy breaches, which are hindering the growth of the Global Location Analytics Market. But solutions have been devised to tackle these problems such as data analytics and web analytics. Thus the Global Location Analytics Market is expected to grow at a rapid rate.
Market Segmentation
The Global Location Analytics Marketis segmented into the following categories:
1. Application – The market is again divided intoEmergency Response Management, Customer Experience Management,Risk Management, Predictive Assets Management, Inventory Management, SupplyChain Planning And Optimization, Remote Monitoring, and Sales & Marketing Optimization
2. Component – Services and Solutions
3. Deployment Model -Cloud-Based and On-Premises
4. Geography-North America, South America, Asia Pacific, Middle East and Africa
5. Industry Vertical-IT, Consumer Goods, Retail, BFSI, Logistics, Transportation,Defense, Energy, and Utilities
6. Location – Based on the location, the market is sub-classified as Indoor and Outdoor
7. Organization Size – Based on the organization size, the market is sub-classified as Small. Medium and Large Organizations
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Regional/Geographic Analysis
America is currently dominating the Global Location Analytics Market due to the early adoption of technology with increasing number of trade relationships of America with other countries. Location analytics and location intelligence have been adopted by other regions also including Europe and APAC region where goods' tracking has become extremely convenient. The manufacturing hubs of the world – China and Japan are also not behind in adoption of this technology. Globalisation and increase in exports and imports are also facilitating the market growth of location analytics.
Key Players
The major players in this field are Cisco Systems, Oracle Corporation, IBM Corporation, Microsoft Corporation, SAP SE, Alteryx, Inc., Tibco Software Inc., ESRI, Galigeo, Pitney Bowes, and SAS Institute, Inc.
Report ContentsRegional AnalysisReport Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
North America
US and Canada
Latin America
Mexico, Brazil, Argentina and Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
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Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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Leonard Thomas
Leonard Thomas is an energetic and versatile freelance writer for 5 years, he pen down any type of articles and web content. he is a Cambridge University Business English Certificate (Europe Level) holder . he is analytical, enthusiastic and ingenious, with the essence to work variously, strives to emerge as a lucrative individual who has a grasp on market. Congenial Interpersonal skills and the competence to grab every single trivia with foolproof analysis is something he primarily posses .
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