Location of Things Market - Expected to Reach $71.6 Billion by 2025

The global location of things market is expected to reach USD 71.6 billion by 2025, growing at a CAGR of 34.07%, according to this new study. The increasing penetration of smartphones and enhanced network connectivity coupled with the increasing demand for personalized services are propelling the market growth.

The global location of things market is expected to reach USD 71.6 billion by 2025, growing at a CAGR of 34.07%, according to this new study. The increasing penetration of smartphones and enhanced network connectivity coupled with the increasing demand for personalized services are propelling the market growth.

Location of things is an emerging sub-category of the IoT concept that enables connected devices to monitor and communicate their geographic location. Enabled by IoT sensors and location technologies embedded into various connected devices allows organizations and service providers to collect a variety of data over the network. Over the years, a variety of location-based services has been introduced, such as Google Maps, Uber, Waze, and many others, which have been enabled by the ability of a smartphone to locate itself. Location being the most vital dimension of the data collected allows service providers to provide contextual content for each user.

Advancements in connected wearable devices, connected vehicles, connected homes, smart cities, and Industrial IoT (IIoT) are bound to open extensive market avenues for the location of things market in the coming years. However, issues related to privacy and safety along with universally accepted standards are expected to challenge the industry.

Further key findings from the study suggest that:

Key Topics Covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Location of Things Industry Outlook

Chapter 4 Location of Things Application Outlook

Chapter 5 Location of Things Vertical Outlook

Chapter 6 Location of Things Regional Outlook

Chapter 7 Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/research/7c3k9t/location_of

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