LBS Platform Market to Observe Strong Growth to Generate Massive Revenue in Coming Years

The latest study released on the global 'LBS Platform' market by AMA Research evaluates market size, trend, and forecast to 2030. The 'LBS Platform' market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.

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Some of the key players profiled in the study are:
Cisco Systems, Inc. (United States), Google Inc. (United States) , Alcatel-Lucent SA (France) , AT&T Inc. (United States) , International Business Machines Corporation (United States) , Qualcomm Inc. (United States) , Microsoft Corporation (United States), Oracle Corporation (United States) , Apple, Inc. (United States), Bharti Airtel, LTD. (India)
Location-based services (LBS) are the type of services offered through a mobile phone and take into account the device’s geographical location. They typically offer information or entertainment. They are largely dependent on the mobile user’s location, the primary objective of the service provider’s system is to determine where the user is. There are numerous applications of location-based services including local news, points of interest, directions, directory assistance, fleet management, emergency, asset tracking, location-sensitive building, and local advertisement, among others. The rise in the use of location-based mobile advertising is one of the major factors contributing to the growth of the market.

Recently, AT&T launched cloud-based location-based services mobility data offerings. To help businesses and organizations with mobile initiatives improve productivity and have better visibility into their assets.
On 28 2017, Microsoft Corp. launched Azure Location Based Services to offer enterprise customers location capabilities. Azure Location Based Services are integrated directly into Azure, enabling enterprise customers to add Location Based Services to their existing Azure cloud solutions with the assurance that it meets Azure’s world-class standards of privacy, compliance, scalability, management, and simplicity.

Keep yourself up-to-date with latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally. Maintain a competitive edge by sizing up with available business opportunity in LBS Platform Market various segments and emerging territory.

Influencing Market Trend
• The Increasing Popularity of Cloud-Based Big Data Analytics
Market Drivers
• Increasing Competitiveness and Higher Adoption of Bi Solutions
• Higher Adoption of LBS and RTLS for Various Industry Applications
• The rise in the Use of Location-Based Mobile Advertising
• Increasing Use of Social Media Marketing
• The proliferation of Location-Based Apps among Consumers
Opportunities:
• Evolution of IoT
• Increasing Demand for Wearable Devices
• Support from Government for Encouraging the Use of RTLS and LBS Technologies
• New Opportunities in the Industrial Manufacturing Sector
Challenges:
• Privacy and Security Concerns
• Connectivity and Data Integration Issues
• Lack of Skilled Professionals
• Stringent Government Rules and Regulations
• Lack of Awareness, Expertise, and Other Operational Challenges
• Mobile App Data Privacy Concerns

Analysis by Type (Indoor LBS Platform, Outdoor LBS Platform), Application (Location-based Advertising, Business Intelligence & Analytics, Social Networking & Entertainment, Mapping & Navigation, Local Search & Information, Others {Disaster Management, and Emergency Support}), Technology (Assisted GPS {A-GPS}, GPS, Enhanced GPS {E-GPS}, Enhanced Observed Time Difference {E-OTD}, Observed Time Difference {OTD}, Cell ID, Wi-Fi, Others {Bluetooth, Enhanced cell ID, and Geofencing}), End User (Transportation, Media & Entertainment, Retail, Healthcare, Government & Defense, Others {Education, BFSI, and Oil & Gas})

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The regional analysis of Global LBS Platform Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2024-2030.

On 4 Feb 2019, TomTom (TOM2) and Microsoft Corp. have announced that they are expanding their partnership, bringing TomTom’s maps and traffic data into a multitude of mapping scenarios across Microsoft’s cloud services. With this broadened integration, TomTom will be a leading location data provider for Microsoft Azure and Bing Maps. TomTom is also expanding its relationship with Microsoft, selecting Microsoft Azure as its preferred cloud provider.

Table of Content
Chapter One: Industry Overview
Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis
Chapter Three: Production Market Analysis
Chapter Four: Sales Market Analysis
Chapter Five: Consumption Market Analysis
Chapter Six: Production, Sales and Consumption Market Comparison Analysis
Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis
Chapter Eight: Competition Analysis by Players
Chapter Nine: Marketing Channel Analysis
Chapter Ten: New Project Investment Feasibility Analysis
Chapter Eleven: Manufacturing Cost Analysis
Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers

Read Executive Summary and Detailed Index of full Research Study @ https://www.advancemarketanalytics.com/reports/71308-global-lbs-platform-market?utm_source=OpenPR/utm_medium=Rahul

Highlights of the Report
• The future prospects of the global LBS Platform market during the forecast period 2024-2030 are given in the report.
• The major developmental strategies integrated by the leading players to sustain a competitive market position in the market are included in the report.
• The emerging technologies that are driving the growth of the market are highlighted in the report.
• The market value of the segments that are leading the market and the sub-segments are mentioned in the report.
• The report studies the leading manufacturers and other players entering the global LBS Platform market.

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About Author:
AMA Research & Media is Global leaders of Market Research Industry provides the quantified B2B research to Fortune 500 companies on high growth emerging opportunities which will impact more than 80% of worldwide companies' revenues.
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This release was published on openPR.