- The Consumer LBS market in the US is expected to witness significant growth with a high CAGR of 26.07 percent during the forecast period of 2014-2018.
London, 09 September 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Consumer LBS Market in the US 2014-2018. One key trend in this market is the increase in popularity of location-based games among youth. Users can play games in a restaurant, park, classroom, or any place convenient for them without need of a desktop.
“The increased adoption of location-enabled smartphones and tablets will drive the growth of the Consumer LBS market in the US during the forecast period,” says Faisal Ghaus, Vice President of TechNavio Research.
“Moreover, the falling prices of smartphones will act as a catalyst for the incremental adoption of mobile LBS applications such as location tracking, friend finder, location-based advertising, location-based shopping, location-based social networking, location-based entertainment, location-based infotainment, and location-enabled searches.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
