Frequently Asked Questions:
The global location intelligence market was valued at USD 16.5 Billion in 2022.
The Location Intelligence market is expected to grow at a CAGR of 15.90 % between 2023 and 2030, reaching USD 46.35 Billion in 2030.
Risk management is the leading segment by application, holding around half of the share in value in 2022.
The system integration segment holds the dominant share among the service type for location intelligence worldwide, holding a massive share of nearly 55% in 2022.
The retail and consumer goods segment is expected to post the highest CAGR during the forecast period.
North America is fueling the growth of the Location Intelligence industry, with a nearly two-fifth share in 2022.
The top players include Autodesk, Inc.; Bosch Software Innovations GmbH, ESRI, HERE Technologies, MDA Corp., Navizon, Inc., Pitney Bowes, Inc., Qualcomm Technologies, Inc., Super map Software Co., Ltd., Tibco Software, Inc., Trimble, Inc., Trueposition, Inc., Wireless Logic and others
The increasing adoption of location-based applications among several industries to favor is the major market driver.
High concerns associated with geo privacy and confidential data to limited market growth
Growing digitization & urbanization is offering lucrative business scope for global location intelligence are the opportunities for location intelligence industry.