Location Intelligence Sector: Growth Drivers and Challenges
Growth Drivers
- Growing Usage of Spatial Data and Analytical Tools
- Increasing Need for Predictive Analysis Among Businesses Globally
Challenges
- High Initial Cost of Deployment of Location Intelligence
Location Intelligence Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
15.4% |
|
Base Year Market Size (2024) |
USD 21.52 billion |
|
Forecast Year Market Size (2037) |
USD 138.52 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of location intelligence is assessed at USD 24.34 billion.
Location Intelligence Market size was over USD 21.52 billion in 2024 and is projected to reach USD 138.52 billion by 2037, growing at around 15.4% CAGR during the forecast period i.e., between 2025-2037.
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.
The major players in the market are IBM Corporation, Google LLC, SAP SE, Apple, Inc., AT&T, Inc., and others.
