DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/pkwhdw/global_location) has announced the addition of the "Global Location Based Services (LBS) Market Forecasts Report, 2016" report to their offering.
One of the main factors driving the market is the increasing adoption of GPS-enabled devices. The adoption of GPS-enabled devices such as smartphones, tablets, PNDs, handhelds devices, wrist-worn devices, two-way radios, sports devices, and portable LBS devices has increased significantly over the past few years.
One of the main trends witnessed in the Global LBS market is the increasing adoption of LBS across industries. Several industries are increasingly adopting LBS devices to enhance the efficiency of their supply chain operations. LBS applications are used to track logistics, vehicle movements, stocks (commodities at outdoor outlets), and for inventory management. The Retail and Food & Beverages industries are the two major industries where LBS devices are increasingly used in SCM to reduce transportation costs. In addition, the increasing adoption of LBS in fleet management provides a competitive advantage for companies since it helps establish communication between drivers and fleet management operators. Thus, the increasing adoption of LBS across industries augurs well for the growth of the market during the forecast period.
Further, the report states that one of the main challenges is growing concerns over privacy. In order to be able to effectively use various LBS applications such as the friend finder application, location-based games, location-based coupons, location-based deals, and location-based advertisements, LBS users have to reveal their location to the respective network providers, advertisers, and other third parties.
The key vendors dominating this space include:
- Foursquare Labs Inc.
- Garmin Ltd.
- Navteq Corp
- Telecommunication System Inc.
- TeleNav Inc.
- TomTom N.V.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Introduction
04. Market Research Methodology
05. Scope of the Report
06. Market Landscape
07. Global LBS Market By Service Category
08. LBS Market by Device Categories
09. LBS market by User Segment
10. Global Indoor LBS Market
11. Integration of LBS with Social Networking Sites
12. LBS Value Chain
13. LBS for People Monitoring and Safety
14. LBS for Mobile Operators
15. Geographical Segmentation
16. Vendor Landscape
17. Buying Criteria
18. Market Growth Drivers
19. Drivers and their Impact
20. Market Challenges
21. Impact of Drivers and Challenges
22. Market Trends
23. Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/pkwhdw/global_location
