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Global Location of Things (LoT) Market to Grow at a CAGR of 34% During 2022-2027, Aided by the Heightened Digitalisation and the Rapid Technological Advancements

Location of Things (LoT) Market

Global Location of Things (LoT) Market Share, Forecast: By Application: Mapping and Navigation, Asset Management, Location Intelligence, Media and Marketing Engagement; By End Use: Retail and Consumer Goods, Government, Defence, and Utilities, Manufacturing and Industrial, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Location of Things (LoT) Market Outlook

The global location of things (LoT) market stood at a value of around USD 25.50 billion in 2023. The market is further expected to grow at a CAGR of 33.7% in the forecast period of 2024-2032 to attain a value of USD 349.08 billion by 2032.

 

Global Location of Things (LoT) Market

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The Retail and Consumer Goods Segment to Hold a Significant Market Share of the Global Location of Things (LoT) Industry

Based on end use, the retail and consumer goods segment is predicted to account for a significant market share in the location of things (LoT) industry. This growth can be associated with the heightened adoption of the location of things technology in the retail industry owing to its favourable properties, such as the ability to provide personalised customer service. Moreover, it also augments the product distribution growth and provides a channel to offer discounts and sales to attract more consumers while reducing operational costs. Furthermore, in terms of application, the mapping and navigation segment witnessed an increased adoption of the location of things solutions, which is expected to positively impact the market growth. For instance, in cab services such as Uber, the location of things enables the cab service provider to connect with the consumers through internet or Wi-Fi services and share their real-time locations. Thus, the increased utilisation of location of things technology in the segment is estimated to bolster the market growth.

 

North America to Occupy a Significant Market Share of the Global Location of Things (LoT) Industry

North America is estimated to possess a significant share of the location of things (LoT) industry in the forecast period. This increase can be attributed to the increased implementation of the location of things technology in the region. Enterprises in various industry verticals such as retail and transportation are exceedingly utilising the location of things technology to streamline business processes and increase work efficiency. Moreover, the rapid adoption of smart devices and the presence of leading market players in the region are poised to attract more investments in the LoT technology. These factors are expected to positively contribute to the industry growth in North America.

 

Location of Things (LoT): Market Segmentation

Location of Things (LoT) is a by-product of the internet of things (IoT) that allows devices to connect and communicate based on their geographic location. With the IoT sensors integrated with location technologies, organisations can collect various data, that is, location-based data through the various devices connected through the same network. This allows for organised and accurate data collection. Devices like in-car navigation and GPS systems are being used in everyday devices such as smartphones and smartwatches.

 

Global Location of Things (LoT) Market by Segment

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Based on application, the market is divided into:

On the basis of end use, the industry can be segmented into:

  • Retail and Consumer Goods
  • Government, Defence, and Utilities
  • Manufacturing and Industrial
  • Transportation and Logistics 
  • Healthcare
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Location of Things (LoT) Market by Region

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Heightened Digitalisation and the Rapid Technological Advancements to Augment the Growth of the Global Location of Things (LoT) Industry

The growing trend of digitalisation and the increased technological advancements are the major factors driving the growth of the location of things (LoT) industry. With the expansion of access to the internet of things (IoT), governments are developing policies to implement digital use in all sectors worldwide to enhance the operational efficiency of businesses in various industry verticals such as in the defence sector management and tracking. Furthermore, technological interventions such as the adoption of cloud-based technical solutions and the advent of data analytics are estimated to spearhead the overall popularity of the location of things technology. For instance, ArcGIS analytics is a real-time data processing technology for organisations to acquire spatial data launched by Esri, a leading internet of things technology vendor. In addition, this technology does not  require deployment or maintenance. Such developments by the key players are expected to further propel the industry forward.

 

Key Industry Players in the Global Location of Things (LoT) Market

The report gives a detailed analysis of the following key players in the global location of things (LoT) market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Esri
  • Wireless Logic
  • Bosch.IO GmbH
  • Pitney Bowes Inc.
  • TIBCO Software Inc.
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, End Use, Region
Breakup by Application Mapping and Navigation, Asset Management, Location Intelligence, Media and Marketing Engagement, 
Breakup by End Use Retail and Consumer Goods, Government, Defence, and Utilities, Manufacturing and Industrial, Transportation and Logistics, Healthcare, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Esri, Wireless Logic, Bosch.IO GmbH, Pitney Bowes Inc., TIBCO Software Inc., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Location of Things (LoT) Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Location of Things (LoT) Historical Market (2018-2023) 
    8.3    Global Location of Things (LoT) Market Forecast (2024-2032)
    8.4    Global Location of Things (LoT) Market by Application
        8.4.1    Mapping and Navigation
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Asset Management 
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Location Intelligence 
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Media and Marketing Engagement
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
    8.5    Global Location of Things (LoT) Market by End Use
        8.5.1    Retail and Consumer Goods
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Government, Defence, and Utilities
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Manufacturing and Industrial
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Transportation and Logistics 
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Healthcare
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    Others     
    8.6    Global Location of Things (LoT) Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032)
9    North America Location of Things (LoT) Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Location of Things (LoT) Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Location of Things (LoT) Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Location of Things (LoT) Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Location of Things (LoT) Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Esri
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Wireless Logic
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Bosch.IO GmbH
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Pitney Bowes Inc.
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    TIBCO Software Inc.
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Others
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Location of Things (LoT) Market: Key Industry Highlights, 2018 and 2032
2.    Global Location of Things (LoT) Historical Market: Breakup by Application (USD Billion), 2018-2023
3.    Global Location of Things (LoT) Market Forecast: Breakup by Application (USD Billion), 2024-2032
4.    Global Location of Things (LoT) Historical Market: Breakup by End Use (USD Billion), 2018-2023
5.    Global Location of Things (LoT) Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6.    Global Location of Things (LoT) Historical Market: Breakup by Region (USD Billion), 2018-2023
7.    Global Location of Things (LoT) Market Forecast: Breakup by Region (USD Billion), 2024-2032
8.    North America Location of Things (LoT) Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    North America Location of Things (LoT) Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    Europe Location of Things (LoT) Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    Europe Location of Things (LoT) Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Asia Pacific Location of Things (LoT) Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Asia Pacific Location of Things (LoT) Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Latin America Location of Things (LoT) Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Latin America Location of Things (LoT) Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Middle East and Africa Location of Things (LoT) Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Middle East and Africa Location of Things (LoT) Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Global Location of Things (LoT) Market Structure

Key Questions Answered in the Report

What was the global location of things (LoT) market size in 2023?

In 2023, the global location of things (LoT) market attained a value of nearly USD 25.50 billion.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 33.7% between 2024 and 2032.

What are the major market drivers?

The major market drivers include the increasing adoption of the Internet of things (IoT), the rising demand for concentrated data collection, and surging government initiatives for the implementation of digital solutions in all sectors.

What are the key trends of the market?

The key trends guiding the market growth include rapid digitalisation and technological advancements and innovations.

What are the major regional markets of location of things (LoT), according to the EMR report?

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the different applications of location of things (LoT)?

The different applications of location of things (LoT) are mapping and navigation, asset management, location intelligence, and media and marketing engagement.

What are the significant end uses of LoT?

The significant end uses of location of things (LoT) are retail and consumer goods, government, defence, and utilities, manufacturing and industrial, transportation and logistics, and healthcare, among others.

Who are the key location of things (LoT) market players, according to the report?

The major players in the market are Esri, Wireless Logic, Bosch.IO GmbH, Pitney Bowes Inc., and TIBCO Software Inc., among others.

Analyst Review

The global location of things (LoT) market attained a value of USD 25.50 billion in 2023, driven by the increased digitalisation worldwide. Aided by heightened technological advancements and rapid adoption of smart devices, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 33.7%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By application, the market can be distributed into mapping and navigation, asset management, location intelligence, media and marketing engagement. On the basis of  end-use, the industry can be segmented into retail and consumer goods, government, defence and utilities, manufacturing and industrial, transportation and logistics, and healthcare, among others.  The major regional markets for the location of things (LoT) are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Esri, Wireless Logic, Bosch.IO GmbH, Pitney Bowes Inc., and TIBCO Software Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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