Location Intelligence Market Is Expected To Grow As Of Increasing Smartphone Penetration And Location Infrastructure
The global location intelligence market size is anticipated to reach USD 51.25 billion by 2030, growing at a CAGR of 15.6% from 2022 to 2030, according to a new study by Grand View Research Inc. The growth in web-mapping services, portable navigation devices, and smartphone applications is anticipated to be a significant factor driving the market growth. Furthermore, factors such as increasing smartphone penetration and location infrastructure are likely to create opportunities for market growth over the forecast period. AT&T, ESRI, Google, Qualcomm, Intel, and Apple are some of the companies investing significantly in location intelligence technologies. The solution providers integrate real-time location monitoring capability into devices such as vehicles, smartphones, and aircraft. These technologies help businesses identify behavior & consumer trends and collect information on niche markets to improve decision-making, deliver better ser...