North America was the largest region in the location analytics market in 2021. It is used in numerous applications including risk management, customer experience management, remote monitoring, supply chain planning and optimization, emergency response management, location selection and optimization, others and implemented in several verticals such as transportation and logistics, retail, BFSI, IT & telecommunication, healthcare, energy and utilities, manufacturing and others. The different components include solutions, and services and are deployed in various modes such as on-premise and cloud. The main location types in location analytics include outdoor location and indoor location.The outdoor location enables the identification of prospective customers based on the online behavior, visualizing of location data and other factors, helping companies in geo-marketing, asset management, planning of business for further by understanding the behavior of consumers.
This is most commonly used for transactional data including sales, logistics, and supply chains to add a new dimension that helps contextualize specific figures and show the flow of items, sales, and supplies with depth and distance. The location analytics market consists of sales of location analytics services by entities (organizations, proprietors, partnerships) that contain a geographical component of the data which allows for new dimensions of analysis and insights.Location analytics uses visualization and analysis of geospatial data. The location analytics market is expected to grow to $32.35 billion in 2026 at a CAGR of 14.6%. The global location analytics market is expected to grow from $16.15 billion in 2021 to $18.75 billion in 2022 at a compound annual growth rate (CAGR) of 16.1%.
, PlaceIQ, Precisely, Purple, SAP, SAS Institute Inc., Sparkgeo Consulting Inc, TIBCO Software Inc, Tom Tom, Zebra Technologies Corporation., CARTO, GapMaps, Hardcastle GIS, Locale.ai, Mapidea, Newgrove Limited, Orbica, and Placense.
New York, J(GLOBE NEWSWIRE) - announces the release of the report "Location Analytics Global Market Report 2022".
(ESRI), GaliGeo, Google LLC, Here technologies, Hexagon, Indoor Atlas ltd, Lepton Software, Microsoft corporation, Pitney Bowes Inc. , CleverMaps, Environmental Systems Research Institute Inc. Major players in the location analytics market are Alteryx Inc, Cisco Systems Inc.