Global Location of Things Market to Reach $62.7 Billion by 2026

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Jun 28, 2022, 06:20 ET

SAN FRANCISCO, June 28, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Location of Things - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE

Global Location of Things Market to Reach $62.7 Billion by 2026

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Edition: 8; Released: January 2022

Executive Pool: 22838

Companies: 42 - Players covered include Bosch Software Innovations GmbH; Esri; Geofeedia, Inc.; Google LLC; HERE Global BV; IBM Corporation; Microsoft Corporation; Navigine; Pitney Bowes, Inc.; Qualcomm Technologies, Inc.; Telogis, Inc.; TIBCO Software, Inc.; Ubisense Ltd.; Wireless Logic Limited; Zebra Technologies Corporation and Others.

Coverage: All major geographies and key segments

Segments: Application (Mapping & Navigation, Location-based Customer Engagement & Advertising Platform, Location-based Social Media Monitoring, IoT Asset Management, Location Intelligence)

Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Location of Things Market to Reach $62.7 Billion by 2026

Amid the COVID-19 crisis, the global market for Location of Things estimated at US$10.1 Billion, is projected to reach a revised size of US$62.7 Billion by 2026, growing at a CAGR of 35.3% over the analysis period. Mapping & Navigation, one of the segments analyzed in the report, is projected to record a 34.3% CAGR and reach US$33.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Location-based Customer Engagement & Advertising Platform segment is readjusted to a revised 34.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $4.3 Billion in 2021, While China is Forecast to Reach $10.7 Billion by 2026

The Location of Things market in the U.S. is estimated at US$4.3 Billion in the year 2021. China, the world's second largest economy, is forecast to reach a projected market size of US$10.7 Billion by the year 2026 trailing a CAGR of 34.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 31.6% and 30.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 25% CAGR.

Location-based Social Media Monitoring Segment to Exceed US$9 Billion by the year 2026

In the global Location-based Social Media Monitoring segment, USA, Canada, Japan, China and Europe will drive the 33.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.3 Billion will reach a projected size of US$9.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world's only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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