TOP 10 COMPANIES IN LOCATION-BASED SERVICES MARKET

The Location-based Services Market is projected to reach $327.6 billion by 2031, at a CAGR of 15.9% During 2024–2031. The growth of the global location-based services market is driven by the increasing use of spatial data and analytics across industries, the proliferation of location-based services in the retail sector, and the surging use of location-based services in the agriculture sector. However, dynamic government rules and regulations for location-based services restrain the growth of this market.

Furthermore, constant upgrades in mapping and navigation solutions and the growing demand for wearable devices are generating growth opportunities for the stakeholders in this market. However, the high costs of procuring and implementing location-based services are a major challenge impacting the growth of the location-based services market.

Additionally, the use of 5G technology for improved real-time analysis and the development of GIS software using Augmented Reality (AR) and Virtual Reality (VR) technologies are prominent trends in this market.

Here are the top 10 companies operating in the Location-based Services Market

HERE Global B.V.

Founded in 1985 and headquartered in Eindhoven, Netherlands, HERE Global B.V. is a location data and technology platform provider. The company provides solutions for use cases, such as autonomous vehicles, digital twins, and smart city infrastructure, which rely on precise location data.

The company’s offerings cater to various industries, including automotive, transport and logistics, technology, media, telecommunications, retail, public sector, finance & insurance, manufacturing, accommodation & food services, utilities, healthcare, and consumer electronics. Furthermore, the company provides support ranging from map customization to location applications, visualization & business analysis, tracking of assets and capital goods, and support for autonomous vehicles. The company also provides solutions for several use cases, such as connected driving, fleet management, supply chain, urban mobility, consumer engagement, and 5G network planning.

Google LLC

Founded in 1998 and headquartered in California, U.S., Google LLC is a multinational technology company focusing on artificial intelligence, online advertising, search engine technology, cloud computing, computer software, quantum computing, e-commerce, and consumer electronics. The company provides methods and systems for location-based services such as social networking, demographic information, mobile tracking, and location navigation systems. Google provides location-based social software for mobile devices. It offers platforms for several areas, including location-based advertising, fleet management, mapping & navigation, local search & information, google beacons & proximity marketing, and asset tracking.

The company offers Google Maps, a mapping and navigation solution that provides directions, traffic information, street view imagery, and various location-related features. The Google Maps platform is used for finding directions and exploring places.

TomTom N.V

Founded in 1991 and headquartered in Amsterdam, Netherlands, TomTom N.V. provides location technology for drivers, automakers, enterprises, and developers. The company provides accurate maps, navigation software, real-time traffic information, and APIs for smart mobility applications. TomTom offers solutions for several applications, such as automotive, fleet management and logistics, mobility on demand, road traffic management, and location intelligence.

The company operates through two segments, namely Location Technology and Consumer Electronics. Through its Location Technology segment, the company provides maps, navigation software, and services that can be integrated into customers’ applications through two sales channels: Automotive and Enterprise. The Consumer Electronics segment offers drivers navigation, including directions, guidance, and route planning information. Furthermore, the company offers portable navigation devices and mobile applications to enable smarter driving decisions.

Esri

Founded in 1969 and headquartered in California, U.S., Esri is a geographic information system software company that offers ArcGIS, a powerful mapping & spatial analytics software. ArcGIS combines mapping and data analytics to deliver location intelligence and meet the digital transformation needs of organizations of all sizes. Esri offers GIS solutions mainly for the commercial, government, manufacturing, and utility sectors. The company offers various location data products such as Esri Data, Business and Behavioral, and Environmental, Esri Demographics, Esri Reports, and Esri Tapestry Segmentation for several industries such as architecture, engineering & construction, education, energy utilities, health & human services, government, public safety, telecommunications, and transportation.

Hexagon AB

Founded in 1992 and headquartered in Stockholm, Sweden, Hexagon AB is an industrial technology company. The company’s solutions are categorized into real-time location intelligence solutions, autonomy & positioning solutions, geospatial solutions, defense & intelligence solutions, and reality capture solutions. The company offers solutions via several divisions, such as Agriculture, Autonomy & Positioning, Geospatial, Geosystems, Manufacturing Intelligence, Mining, PPM, Safety & Infrastructure, and Xalt Solutions.

The company operates through two segments, namely Industrial Enterprise Solutions (IES) and Geospatial Enterprise Solutions (GES). Geospatial Enterprise Solutions (GES) includes a portfolio of reality-capture sensors—from laser scanners, airborne cameras, and UAVs (unmanned aerial vehicles) to monitoring equipment, mobile mapping technologies, and precise positioning. Industrial Enterprise Solutions (IES) includes a portfolio of metrology systems incorporating the latest sensor technologies for fast and accurate measurements. These solutions include technologies such as Coordinate Measurement Machines (CMM) and laser trackers and scanners for optimizing design processes & throughput in manufacturing facilities and CAD (computer-aided design), CAM (computer-aided manufacturing), and CAE (computer-aided engineering) software.

Meticulous Research in its latest publication on Location-based Services Market has predicted the growth of 15.9% during the forecast year 2024-2031.

Trimble Inc.

Founded in 1978 and headquartered in Colorado, U.S., Trimble Inc. is a technology company that provides positioning, modeling, connectivity, and data analytics solutions. Trimble offers software products & services ranging from embedded real-time firmware to application software that integrates field data with large-scale enterprise back-office applications. The company provides comprehensive solutions for various sectors, including architecture, building construction, civil engineering, geospatial, survey & mapping, agriculture, natural resources, utility, transportation, and government.

The company operates through four segments, namely Buildings and Infrastructure, Resources & Utilities, Geospatial, and Transportation. The Buildings and Infrastructure segment primarily serves customers in the areas of architecture, engineering, construction, and operations and maintenance. The Geospatial segment primarily serves customers in the surveying, engineering, and government areas. The Resources & Utilities segment primarily serves customers in the agriculture, forestry, and utilities areas. The Transportation segment provides capabilities for the long-haul trucking and freight shipper markets to create a connected supply chain and integrate all forms of transportation, drivers, back-office management, shippers, and freight.

Cisco Systems, Inc.

Founded in 1984 and headquartered in California, U.S., Cisco Systems, Inc. is a technology company that provides location-based solutions in several categories, including location analytics, customer engagement toolkits, asset management, enterprise application integration, and location-data APIS. Furthermore, it provides location-based advertising, fleet management, mapping & navigation, proximity marketing, and wireless RFID asset tracking solutions. The company provides real-time location-based services using positioning technologies, WLAN, LWAPP, Wi-Fi, and RFID tags.

The company offers a portfolio of technology innovations with networking, security, collaboration, and cloud management. The company offers Cisco Spaces location analytics, which filters data based on parameters such as time, date, and geography. Cisco Smart Workspaces enhances employee safety, productivity, and experience, and space utilization using maps and existing network infrastructure.

Authoritative Research on the Location-based Services Market – Global Opportunity Analysis and Industry Forecast (2024-2031)

Need more information? Meticulous Research®’s new report covers each of these companies in much more detail, providing analysis on the following:

• Recent financial performance
• Key products
• Significant company strategies
• Partnerships and acquisitions

The Comprehensive report provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.