Location-Based Services and Real Time Location Systems Market
Marketsandmarkets, global market research company and consulting firm that offers market research reports and custom research services on 30,000 high growth opportunities, recently produced a market study on “Location-Based Services (LBS) and Real Time Location Systems (RTLS) Market – Global Forecast and Analysis (2018-2023)” approaching various industry leaders/companies to discuss the scope of this market.
Living Map had the pleasure the be one of the companies profiled in the research report and here below you can read a short introduction:
It’s been a while, when first time the location based services (LBS) has been used commercially.
In 1996, things took an interesting turn when the US government made it mandatory for mobile network operators to find a way to accurately pinpoint the location of emergency callers. This first use has led LBS to finder services, to locate the nearby points of interests.
However, it was not as wildly successful as anticipated and therefore, these offerings were phased out for a while.
Advent of multiple connectivity technologies such as web 2.0, Bluetooth, 3G broadband services and integration of GPS in smartphone was a game changer for LBS market. The LBS technology has now re-emerged, to bring out numerous applications across the verticals. Verticals such as Defense, BFSI, Retail are the major adopters of LBS.
The major applications of LBS include Geo-marketing, Tracking and Telematics, Route Optimization, Disaster Management, and Geographic Event Alerts which are used in outdoor and indoor locations. The countries which could see the major growth in near future includes China, India, and Brazil. These countries invested heavily in LBS market and also witnessed the upsurge in smartphone users, owing to which the LBS market is growing significantly
The major vendors in LBS market includes Google, Apple, Microsoft, IBM , Ericsson, Esri, Foursquare, HERE, Navinfo, Baidu, Geomoby, Ekhau, Galieo, Pitney Bowes, Living Map, Ubisense, Zebra Technology, and others.
Living Map has been cited as one of the key vendors of LBS and RTLS services in Marketsandmarkets research report named as LBS and RTLS market – Global Forecast to 2023.
Living Map offers unique mapping solutions for cities and complex buildings. It holds expertise in mapping of urban and interior spaces and has built a platform that support soft modes of transport. The company is expanding rapidly, along with developing and implementing applications for cities, campuses, and airports across the globe.
“The LBS and RTLS market is in the renaissance phase and gaining traction across geographies. Regions such as North America, South East Asia, Eastern Europe have witnessed the significant adoption of LBS and RTLS solutions in various verticals”, Said Kaustubh Bandewar and Jagriti Sinha, Industry Analysts, Marketsandmarkets.
MarketsandMarkets (MnM) is a global market research and consulting company. They publish strategically analyzed market research reports and serve as a business intelligence and consulting partner to Fortune 500 companies across the world. MarketsandMarkets covers seventeen industry verticals, including advanced materials, aerospace and defense, agriculture, automotive and transportation, biotechnology, building and construction, chemicals, energy and power, food and beverages, industrial automation, medical devices, mining, , minerals and metals, packaging, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.