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Location Intelligence Market Size Worth $25.25 Billion by 2025: Grand View Research, Inc.SAN FRANCISCO, September 10, 2018 /PRNewswire/ -- The global location intelligence market size is anticipated to reach USD 25.25 billion by 2025, according to a new study by Grand View Research Inc. It is anticipated to expand at a CAGR of 15.3% over the forecast period. Increasing penetration of network infrastructure and smart devices coupled with rapid digitization give organizations access to diverse information about consumers, system performance, and assets among others. This factor is anticipated to spur the global location intelligence market. Furthermore, rising demand for location data to enhance business operations and to deliver personalized services is expected to further propel market growth. (Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg ) Location intelligence is a business intelligence tool capability enabled by data collected from Internet of Things (IoT) and Geographic Information System (GIS) embedded devices. It enables businesses to identify consumer trends, buyer behavior, and other information about niche markets. This helps organizations make informed decisions, deliver better products and services, and mitigate market uncertainties. Organizations are incorporating real-time location monitoring capabilities in various devices, especially smartphones, for monitoring and recording geographic position of consumers to analyze trends, improve customer experience, and optimize business operations. Majority of consumer electronics manufacturers are incorporating a variety of software and hardware components to collect consumer data over the internet. This enables them to target right audience and gain market share. Booming smartphone and smart devices industry in Asia Pacific (APAC) is expected to drive the market growth. Steady rise of investments in IoT technologies, number of smartphone users, and spending on connected devices in APAC countries are predicted to drive the location intelligence market over the forecast period. However, lack of network infrastructure, data privacy, awareness about geospatial and predictive analytics, as well as various operational challenges can hinder market growth. Browse full research report with TOC on "Location Intelligence Market Size, Share & Trends Analysis Report By Application (Sales & Marketing Optimization, Remote Monitoring), By Service, By Vertical (Transportation, Retail), And Segment Forecasts, 2018 - 2025" at: https://www.grandviewresearch.com/industry-analysis/location-intelligence-market Further Key Findings From the Report Suggest:
Grand View Research has segmented the global location intelligence market on the basis of application, service, vertical, and region:
Explore the BI enabled intuitive market research database, Grand View Compass, by Grand View Research, Inc. About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Contact: Web: https://www.grandviewresearch.com 
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