Global Location
of Things (LoT) Market strategic research study
offers company accounts, industry investors, and industry members with
consequential insights to enable them to make reliable strategic decisions
regarding the opportunities in the global market.
In this report, we
thoroughly examine and analyse the Global market for Location of Things (LoT)
so that market participants can improve their business strategy and ensure
long-term success. This report provides players with useful information and
suggests result-based ideas to give them a competitive advantage in the global Location
of Things (LoT) industry. It will show how other players compete in the global Location
of Things (LoT) Market and explain the strategies you use to differentiate
yourself from other participants.
This Research Report
Answers the Following Questions:
·
How Location
of Things (LoT) market
will grow in the coming year?
·
Will the COVID-19 pandemic surge the demand for such platforms?
·
How are key companies planning to promote benefits of Location of Things (LoT)?
·
What are the industry growth drivers, obstacles, and dynamics?
·
Which segment is expected to lead in the coming years?
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The global location of
things market size was valued at USD 5,562.1 million in 2016 and is expected to
reach USD 71.6 billion by 2025, with a CAGR of 34.07%. The location of things
market by indoor type includes indoor location and outdoor location. Business
has changed color from the stereotype to a more vibrant and inclusive role
thanks to penetrative power of internet and rolling out of Internet of Things
(IoT) between devices. Internet of Things (IoT) convergence has extended beyond
the ordinary to foster growth in a similar market-intensive identity named
Location of Things (LoT) market giving detailed and incisive insights in
social-media management (SMM) monitoring to real-time asset maintenance and
there is no stopping growth in location of things market.
Expansion has led to device
expression and remote location based authorization of device parameters and
device-prioritization for instance covering connected cars, connected home,
smart city, mobile advertising and ambient intelligence boosting technological
upgrades in LoT market. Right from wearables and smart watches down to far-away
vending machines, Internet of things has made a global impact in feeding user
with health warnings and fitness-criteria down to customer touch points
relaying vehicle-breakdown information with help of arithmetic program
interface (API) wizards. This has set norms in industry growth with location of
things.
Advertising in every nook
of the city with out of home (OOH) technology and IoT is gaining root.
Traditional outmoded banner advertising becoming a tad unpopular, Location of
things and IoT has left its indelible mark in famed hallmarks of advertising.
Machine to Machine dependence enabling internet of things connectivity and
device governance with devices frequently in touch with their counterparts
present a full-bloom growth channel for Internet of Things (IoT) market.
On an upside Location of
Things (LoT) market will gain increasingly due to personal vehicle connectivity
with enhanced telecommunication and collaboration technologies and all-round
gains are predicted. The location of things market by application includes
navigation type, location based customer engagement and advertising platform,
location based social media monitoring, IOT Asset Management and IOT Location
Intelligence.
By vertical, location of
things market includes government and public utilities, defense, transportation
and logistics, industrial manufacturing, healthcare and life sciences, retail,
BFSI, media and entertainment and others. By region, location of things market
includes North America, Europe, Asia pacific, MEA and Latin America. As per
industry news, Intel Capital is financing an IoT technological arm focusing on
technology enunciation including 3D-scanning and biometric sensors, 3D
biometric sensors and wearable sand IoT infrastructure start-ups. Software and
services market will be a multi-billion dollar market and growth in number of
interconnected devices will exhibit enhanced market drive.
By location, connected
cities market is exhibiting profound growth in location of things market.
Drivers to the location of things market are improved customer experience,
simplification of supply chains and agile logistics with cost-cutting measures
and productive all-round employee participation. Amongst other key industries,
smart factories will contribute 7% to 8% of industry total. Key industries
include Bosch Software Innovations GmbH, ESRI, Qualcomm Technologies, Wireless
Logic, Ubisense Group, PLC, Google, Inc., IBM Corporation, Microsoft
Corporation, Pitney Bowes, HERE, Telogis, and Tibco Software. Target audience
in location of things market is application vendors, IOT provider companies,
Academic and research institutes and Government associations.
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