Mobile Location-based Services Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Mobile Location-based Services Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : August, 2021 | Technology & Media

Report Digest


Mobile Location-based Services Market: Snapshot

The global mobile location based services market has exhibited a steady rise in the past few years due to its steady incorporation in the daily lives of citizens in developed as well as developing regions. The expanding application base is likely to remain vital for the global mobile location based services market in the coming years, as mobile location based services are necessarily used as a channel to access other services. Moreover, the rising demand for precise and increasingly sophisticated navigation capabilities has also driven the global mobile location based services market and is likely to remain a key factor in the mobile location-based services market’s development in the coming years.

The ready adoption of mobile-based ordering and booking systems is a key factor in the rise of the global mobile location based services market. A growing demographic of urban consumers, particularly in developed countries, has become a steady consumer of mobile-based food and entertainment ordering services. The rapid growth of the food and beverage industry to accommodate the rising demand is likely to be crucial for the global mobile location based services market in the coming years.

Recognizing the commercial potential of providing mobile-based access to booking systems, many providers in the food industry as well as the entertainment sector have readily participated in the mobile location based services market. The consistent acceptance of technological upgrades in these consumer-centric industries is likely to remain a key driver for the mobile location based services market in the coming years.

The rapid urbanization in Asia Pacific is likely to make it a key regional contributor to the global mobile location based services market. The booming consumer electronics industry in the region will also play a key role in the growth of the global mobile location based services market.

Global Mobile Location-based Services Market: Overview

The global mobile location-based services market is gaining immense popularity, owing to its acceptance in the mainstream market. In addition, the increase in the utilization of smartphone apps across the globe is expected to accelerate mobile location-based services market growth. Users of mapping and navigation services are growing; however, the revenue is increasing at a steady pace as competitors are offering low or free of cost services. Nevertheless, the emergence of Internet of Things is likely to contribute towards the development of the mobile location-based services market.

The research study on the global market for mobile location-based services presents an in-depth analysis, focusing on the key factors that are estimated to impact the growth of the market. In addition, an overview of the competitive landscape of the market has been provided in order to offer a strong understanding for readers and market players.

Global Mobile Location-based Services Market: Drivers and Restraints

The increasing adoption of business intelligence and the growing focus on technological advancements are some of the main factors expected to propel the global mobile location-based services market in the coming years. In addition, the expansion of the application base leading to high demand is projected to offer promising opportunities for the key players operating in the global market.

Furthermore, the tremendously rising use of smartphone and other mobile devices is likely to drive the demand for mobile location-based services throughout the forecast period. The untapped opportunities in developing economies are further anticipated to supplement the growth of the market.

Global Mobile Location-based Services Market: Region-wise Outlook

The global mobile location-based services market has been divided on the basis of geography to offer a detailed understanding of the market. The key segments of the market include Asia Pacific, Europe, North America, and the Rest of the World. As per the research study, North America is projected to witness high growth in the forecast period. Moreover, this region is expected to account for a large share of the global market by the end of 2025. Technological advancements and innovations are some of the important reasons encouraging the growth of the mobile location-based services market in North America.

Furthermore, Europe is predicted to remain in the second leading position in the global mobile location-based services market and register a healthy growth rate in the coming years. On the other hand, Asia Pacific is projected to witness robust growth, especially in the developing economies. A significant rise in the demand for tablets and smartphones is one of the vital factors estimated to accelerate the growth of the Asia Pacific market in the near future

Key Players Mentioned in the Research Report are:

The global mobile location-based services market is expected to grow at a significant pace throughout the forecast period. The lucrative opportunities in the market are attracting several players to enter and create a brand name, which is expected to result in a stiff competition. Some of the key players operating in the market are TomTom N.V., Garmin Ltd., Foursquare Labs Inc., and Telecommunication System Inc.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?