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Global Location Analytics Market 2021-2028 Trends, Share, Size, Growth, Opportunity and Forecasts By Stratistics MRC

2021 - 2028 Global Location Analytics Market

2021 - 2028 Global Location Analytics Market

HYDERABAD, TELANGANA, INDIA, January 31, 2022 / -- Location Analytics Market Forecasts to 2028 – Global Analysis By Component (Services, Software), Location (Indoor, Outdoor), Device Type (Desktop, Laptops) and By Geography

The Global Location Analytics Market is accounted for $16.24 billion in 2021 and is expected to reach $45.39 billion by 2028 growing at a CAGR of 15.8% during the forecast period. Location analytics or geoanalytics is the process of creating insights by analyzing location data. It adds geographical data to the data assets of a business to remove more valuable insights. Location analytics delivers an organization with spatial analytics as well as other analytics abilities to understand the data through a location-specific perception and optimize business practices and enable predictions accordingly. It helps businesses to make more informed decisions that can improve both effectiveness and efficiency. The indoor segment commanded the largest share of the location analytics market, due to the high usage of smartphones and smart devices that are integrated with high-tech location-based services. The Asia Pacific is projected to hold the highest market share, due to rapid growth of this regional market is mainly driven by the increasing adoption of spatial analytics tools and devices in countries such as China, India, and Japan, which is anticipated to trigger the adoption of location analytics to facilitate data-driven decision making. North America is projected to have the highest CAGR, due to the extensive technology support as well as growing trends in automation.

Some of the key players profiled in the Location Analytics Market Alteryx, Inc., Cisco Systems Inc., CleverAnalytics, Environmental Systems Research Institute, Galigeo SAS, IBM, IndoorAtlas Ltd., Microsoft Corporation, Oracle Corporation, Pitney Bowes Inc., SAS Institute Inc.

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