Enterprise LBS Market to grow by USD 45.23 billion between 2022 - 2027 | Growth Driven by Increasing focus on proximity marketing - Technavio
NEW YORK, Sept. 26, 2023 /PRNewswire/ -- The Enterprise LBS Market report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the enterprise lbs market between 2022 and 2027 is USD 45.23 billion. The increasing focus on proximity marketing drives the enterprise LBS market growth. This strategy is widely used by different enterprises such as retail stores, hotels, and entertainment parks. It is used to improve consumer engagement and build brand equity to strengthen customer loyalty. Marketers can connect with consumers through their mobile devices by leveraging proximity marketing. The enterprises include user preference and prior purchase history, geographic location of consumers, and time of day while sending personalized messages. Such strategies can deliver just-in-time communication to the target audience by analyzing the purchasing behavior of the consumer. Hence, such factors drive the growth of the enterprise LBS market during the forecast period. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here
The enterprise LBS market is segmented by Application (Large enterprises and SMEs), Component (Hardware, Software, and Services), and Geography (North America, Europe, APAC, South America, and Middle East and Africa).
Key Companies in the Enterprise LBS Market:
AiRISTA Flow Inc., Aislelabs Inc., Broadcom Inc., Cisco Systems Inc., Comtech, Esri Global Inc., Foursquare Labs Inc., HERE Global BV, HID Global Corp., infsoft GmbH, Juniper Networks Inc., NextNav Inc., Polaris Wireless, POLE STAR SA, Qualcomm Inc., Securitas AB, Siemens AG, xAd Inc., Zebra Technologies Corp., Ziff Davis Inc.
The enterprise application and integration market is estimated to grow at a CAGR of 13.34% between 2022 and 2027. The size of the market is forecast to increase by USD 17,242.64 million.
The enterprise AI market is projected to grow by USD 2.00 billion with a CAGR of 45.1% during the forecast period 2021 to 2026.
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Component
Market Segmentation by Geography
Drivers, Challenges, & Trends
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