TechNavio recognizes the following companies as the key players in the Global LBS market: Foursquare Labs Inc., Garmin Ltd., Navteq Corp., TeleCommunication Systems Inc., TeleNav Inc., and TomTom N.V.
Commenting on the report, an analyst from TechNavio’s team said: “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.”
According to the report, 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.
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 report also includes a discussion of the other vendors operating in this market. The other vendors in the market are AdMoove, AT&T Mobility, Autonavi, Bafang, Bharti Airtel Ltd., Broadcom Corp., ChalkBoard Pte Ltd., Digu.com, Foursquare Lab Inc., France Telecom SA, Google Inc., Guantu, Jiepang Api, Kaikai.com, Loopt Inc., MiTac International Corp., MTN Group Ltd., Naviinfo, PDAger Technology, Placecast, Poynt Corp., Proximus Mobility LLC, Qieke.com, Qualcom Inc., Qype GmbH, Rogers Wireless Inc., Scanbuy Inc., Shopkick Inc., Sifang, SiRF Technology Inc., Skyhook Wireless Inc., Taganode, Taptu Ltd., Telemap Ltd., Tiros Technology, Verizon Communication Inc., VLD, Vodafone Group plc, xAD Inc., and Xtify Inc.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-location-based-services-lbs-marke…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report – Global LBS Market 2012-2016
