Location Intelligence Market Share

APAC Market Statistics

On the basis of geographical analysis, the global location intelligence market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. Asia Pacific industry is anticipated to dominate majority revenue share by 2036, attributed to growing number of smartphone users, and rapid advancements in networking technologies in the region. As of May 2021, China accounted for the largest number of smartphone users in the world, valued at 912 million users, followed by India with a smartphone userbase of approximately 439 million.

In addition, several companies in the region are focusing on the introduction of new products and services, which is also predicted to impel APAC’s market growth in the future. Moreover, the location intelligence market in North America is assessed to acquire the largest share during the forecast period ascribing to the rapid adoption of new technologies, high usage of social media, and presence of robust IT infrastructure in the region.

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of location intelligence is evaluated at USD 20.95 billion.

Location Intelligence Market size was valued at USD 18.65 billion in 2023 and is set to cross USD 120.05 billion by 2036, expanding at more than 15.4% CAGR during the forecast period i.e., between 2024-2036. The market growth is driven by growing usage of spatial data and analytical tools and increasing need for predictive analysis among businesses globally.

Asia Pacific industry is anticipated to dominate majority revenue share by 2036, attributed to growing number of smartphone users, and rapid advancements in networking technologies in the region.

The major players in the market are IBM Corporation, Google LLC, SAP SE, Apple, Inc., AT&T, Inc., and others.

Location Intelligence Market Share