Location Intelligence Industry - Regional Synopsis
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 poised to account for largest revenue share by 2037, 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.
