Location Analytics Market: The Challenges of Data Quality, Privacy and Security
The size of the global location analytics market, which was estimated at USD 13.66 billion in 2021, is anticipated to increase from that amount to USD 15.76 billion in 2022 to USD 43.97 billion by 2029, at a CAGR of 15.8%. The COVID-19 pandemic has had an unprecedented and staggering impact on the world, and demand for location analytics has been lower than expected in all regions compared to pre-pandemic levels. According to our analysis, the global market showed a 15.1% decline from 2019 to 2020.
Geospatial services have recently seen an excessive increase in demand from businesses, governmental organizations, and the retail sector, supporting market growth. Modern technologies like big data, cloud computing, the Internet of Things (IoT), artificial intelligence (AI), and cloud computing have greatly aided the growth of the location analysis application space.
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DEMANDING INDUSTRY PLAYERS
The businesses that are active in the market, including Microsoft Corporation, Google LLC (Alphabet Inc.), Zebra Technologies Corporation, Esri, SAP SE, IBM Corporation, and others, are releasing cutting-edge solutions that are integrated with emerging technologies.
The companies that follow are a few of the major businesses profiled:
Microsoft Corporation (U.S.)
Google LLC (Alphabet Inc.) (U.S.)
Zebra Technologies Corporation (U.S.)
Esri (U.S.)
Hexagon Software (Sweden)
Here Technologies (Netherlands)
Precisely AB (Sweden)
SAP SE (Germany)
TomTom (Netherlands)
SAS Institute Inc. (U.S.)
The "Location Analytics Market Report 2030" from Fortune Business Insights is an in-depth overview of the market that covers over 60 geographies and provides high-level market segmentation for each one. The market in each geography is examined, along with market size by region and country, in the section on regional and national breakdowns. Additionally, it assesses the market's past and anticipated growth and highlights important trends and corporate expansion tactics.
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