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Global Location of Things (LoT) Market: By Application: Mapping and Navigation, Asset Management, Location Intelligence, Media and Marketing Engagement; By End Use; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Location of Things (LoT) Market Outlook
The global location of things (LoT) market stood at a value of around USD 10.6 billion in 2020. The market is further expected to grow at a CAGR of 34% in the forecast period of 2023-2028 to attain a value of USD 60.3 billion by 2026.
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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.
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Based on application, the market is divided 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
- Healthcare
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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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 | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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 Industry Opportunities and Challenges
8 Global Location of Things (LoT) Market Analysis
8.1 Key Industry Highlights
8.2 Global Location of Things (LoT) Historical Market (2018-2022)
8.3 Global Location of Things (LoT) Market Forecast (2023-2028)
8.4 Global Location of Things (LoT) Market by Application
8.4.1 Mapping and Navigation
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Asset Management
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Location Intelligence
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Media and Marketing Engagement
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.5 Global Location of Things (LoT) Market by End Use
8.5.1 Retail and Consumer Goods
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Government, Defence, and Utilities
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Manufacturing and Industrial
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Transportation and Logistics
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Healthcare
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Others
8.6 Global Location of Things (LoT) Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Location of Things (LoT) Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Location of Things (LoT) Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Location of Things (LoT) Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Location of Things (LoT) Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Location of Things (LoT) Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
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 2028
2. Global Location of Things (LoT) Historical Market: Breakup by Application (USD Billion), 2018-2022
3. Global Location of Things (LoT) Market Forecast: Breakup by Application (USD Billion), 2023-2028
4. Global Location of Things (LoT) Historical Market: Breakup by End Use (USD Billion), 2018-2022
5. Global Location of Things (LoT) Market Forecast: Breakup by End Use (USD Billion), 2023-2028
6. Global Location of Things (LoT) Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Location of Things (LoT) Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. North America Location of Things (LoT) Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Location of Things (LoT) Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe Location of Things (LoT) Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe Location of Things (LoT) Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific Location of Things (LoT) Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific Location of Things (LoT) Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America Location of Things (LoT) Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America Location of Things (LoT) Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Middle East and Africa Location of Things (LoT) Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Middle East and Africa Location of Things (LoT) Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Global Location of Things (LoT) Market Structure
Key Questions Answered in the Report
In 2020, the global location of things (LoT) market attained a value of nearly USD 10.6 billion.
The market is projected to grow at a CAGR of 34% between 2023 and 2028.
The major drivers of the industry such as the rapid spread of the internet of things (IoT), increased demand in major industry verticals, demand for concentrated data collection, rapid adoption of smart devices, and rising government initiatives for the implementation of digital solutions in all sectors are expected to aid the market growth.
The key market trends guiding the growth of the industry include the rising digitalisation and rapid technological advancements.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The segments, based on application, include mapping and navigation, asset management, location intelligence, media and marketing engagement.
The significant segments based on end-use include retail and consumer goods, government, defence and utilities, manufacturing and industrial, transportation and logistics, and healthcare, among others.
The major players in the industry 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 10.6 billion in 2020, 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 2023-2028, growing at a CAGR of 34%.
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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