London, 08 June 2015 – Thanks to a rise in LTE subscriptions, the LBS market in Western Europe is expected to multiply, and post a CAGR of 37% from 2015-2019, says research firm Technavio.
About the Report
According to the new Technavio report, Western Europe has the highest number of subscribers for long term evolution (LTE). In 2014, there were 10 LTE launches in Europe with only one of them being UK Broadband. Now, the UK leads Europe in LTE subscriptions.
“LTE growth is expected to reach 300 million worldwide and Western Europe will be the second largest contributor for LTE,” says Faisal Ghaus, Vice President of Technavio.
“The declining prices of broadband and the introduction of 5G networks will also result in the growth of LTE.”
The latest report by Technavio also draws attention towards implementation of LBS in parking services, which has made parking convenient. These apps guide on a real-time basis, with availability of paid parking and effortless payment through the app.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth prospects of the LBS market in Western Europe from 2015-2019. To calculate the market size, the report considers revenue generated from the sales of indoor and outdoor LBS in Western European countries such as the UK, Germany, Spain, France and Italy.
Key Information Covered in the Report:
Key Vendors:
- Foursquare Labs Inc.
- HERE
- TeleCommunication Systems Inc.
- Telefonica SA
- TomTom NV
- Vodafone Group plc
Market Growth Drivers:
- Increased adoption of smartphones
- For a full detailed list, view our report.
Market Challenges:
- Lack of privacy
- For a full detailed list, view our report.
Market Trends:
- Implementation of LBS in parking services
- For a full detailed list, view our report.
https://www.technavio.com/%3Cp%3E%3Cstrong%3E%3Ca%20href%3D%22http%3A//ww…
