(MENAFN- EIN Presswire) IP Geo-Location Services Market
Surge in smartphone penetration in developing regions owing to affordable internet contributing the growth of the Global IP Geo-Location Services Market
PORTLAND, UNITED STATE, March 17, 2023 /einpresswire.com / -- Allied Market Research published a new report, titled, 'ip geo-location services market Expected to Reach USD 7.4 Billion by 2031 | Top Players such as-KickFire, MaxMind & Neustar.' The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
The global IP Geo-Location Services Market Size was valued at USD 2.4 billion in 2021, and is projected to reach USD 7.4 billion by 2031, growing at a CAGR of 12.4% from 2022 to 2031.
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Surge in digital marketing serves as a potential opportunity for the expansion of the global IP geo-location services market. Based on API packages, the basic API packages segment held the highest share in 2021, grabbing nearly two-fifths of the global IP geo-location services market. Based on region, Asia-Pacific held the largest share in 2021, contributing to nearly half of the global IP geo-location services market share.
The research provides detailed segmentation of the global IP geo-location services market based on API packages, enterprise size, application, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.
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Based on enterprise size, the large enterprises segment accounted for the highest share in 2021, holding nearly four-fifths of the global IP geo-location services market, and is expected to continue its leadership status during the forecast period. However, the small & medium-sized enterprises (SMEs) segment is estimated to grow at the highest CAGR of 14.5% during the forecast period.
Based on API package, the basic API package segment held the highest share in 2021, accounting for nearly two-fifths of the global IP geo-location services market, and is expected to continue its leadership status during the forecast period. However, the extended IP Geolocation API segment is expected to register the highest CAGR of 12.8% from 2022 to 2031.
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Based on region, Asia-Pacific held the largest share in 2021, contributing to nearly half of the global IP geo-location services market share, and is projected to maintain its dominant share in terms of revenue in 2031. In addition, the Europe region is expected to manifest the fastest CAGR of 12.7% during the forecast period.
Leading market players of the global IP geo-location services market analyzed in the research include Pitney Bowes Inc., Akamai Technologies, Inc., Apilayer GmbH (Ipstack), BigDataCloud Pty. Ltd., Digital Element Inc., Geobyte, Hexasoft Development (IP2Location.com), KickFire Inc., MaxMind, Inc., and Neustar, Inc.
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Covid-19 Scenario:
● The outbreak of the COVID-19 pandemic had a positive impact on the growth of the global IP geo-location services market. The pandemic has forced billions of organizations around the world to adopt remote work policies. The transition has led to a rapid increase in demand for tools to support remote teams and workflows.
● The COVID-19 outbreak had a high impact on the growth of the IP geolocation services market, due to the increasing digital dependency, growing adoption of connected devices, and surging government initiatives to provide digital security. will provide lucrative opportunities for the growth of the IP geolocation services market.
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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
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