TechNavio today launched its report Global Location-based Service Market 2011-2015 based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Telecom team said; ”Industries are increasingly adopting LBS devices to enhance the efficiency of their supply chain management (SCM). Location-based Service (LBS) applications are used to track logistics, vehicle movements, stocks (commodities at outdoor outlets), and also in inventory management. The Retail sector, and the Food and Beverages sector are the two major sectors where LBS devices are increasingly used in SCM. In addition, the increasing adoption of LBS in fleet management provides a competitive advantage for companies.”
According to the report, the increasing adoption of GPS-enabled smartphones and tablets is expected to act as a catalyst for the incremental adoption of mobile LBS applications, thereby driving the growth of the Global LBS market.
Further, the report also discusses that the lack of sufficient wireless network coverage and bandwidth to support LBS devices is one of the major challenges confronting this market.
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 players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/global-location-based-service-market-20…
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TechNavio Announces the Publication of its Report – Global Location-based Service Market 2011-2015
