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The global Location-Based Services (LBS) And Real-Time Location Systems (RTLS) market size is expected to reach USD 113.27 Billion in 2032 and register a steady revenue CAGR of 17.6% during the forecast period, according to latest analysis by Emergen Research. The increasing adoption of smartphones and mobile devices, along with the growth of IoT technology, are some of the major factors driving the market growth. Additionally, the need for better supply chain management and the growing demand for location-based advertising are also contributing to the expansion of the LBS and RTLS market.
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Leading companies operating across the global Location-Based Services (LBS) And Real-Time Location Systems (RTLS) market:
AiRISTA Flow, Inc., Apple Inc., Hewlett Packard Enterprise Development LP, CenTrak, Inc., Cisco Systems, Inc., Telefonaktiebolaget LM Ericsson, Esri, GE HealthCare, Google, and HERE
Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market Segmentation:
Component Outlook (Revenue, USD Billion; 2019–2032)
Location Type Outlook (Revenue, USD Billion; 2019–2032)
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