Location Intelligence Platforms Market Size, Share, Growth, And Industry Analysis, By Type (Cloud-Based & On-Premises), By Application (SMEs & Large Enterprises), Regional Insights, and Forecast To 2032

Updated On: 22 April 2024

Location Intelligence Platforms Market Report Overview

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The global location intelligence platforms market size was valued at USD 13760 million in 2021. Per our research, the market is expected to reach USD 31320 million by 2028, exhibiting a CAGR expansion of 12.3% during the forecast period.

Location Intelligence Platform is one of those devices which has brought automation to security and safety. Electric equipment always makes our lives easier but this product helps in employing location-based market strategies as well. The reach of the Location Intelligence Platforms is wide and they can deliver efficient services as well. The task of getting knowledge about a particular area has become easy because of these Location Intelligence Platforms.

 The market is growing because of the rising use of Location Intelligence Platforms in various industries. There has been a growth in the demand for Location Intelligence Platforms because of propelling the rise of investment in artificial intelligence. Location Intelligence Platforms have become a crucial part of industries as it keeps them well-informed about the demographic information about a particular area. In providing safety and security Location Intelligence Platforms becomes a helping hand. The diversified use positively influenced the demand in the Location Intelligence Platforms market. 

COVID-19 IMPACT: Faced A Negative Trend Due to Rise in Regulations 

No one was prepared for the pandemic. The world was at a halt. We were the ones who were busy living our hectic and busy lifestyles. There was a sudden pause in our lives. There was not a single market that was left undisturbed during the pandemic. The Location Intelligence Platforms market was disturbed as well. As a consequence of the pandemic, there were strict government regulations and a disruption in the supply chain. 

Latest Trends

"New Features Are Added to Make the Product More Beneficial "

The Location Intelligence Platforms market is as dynamic as any other market. Recently there has been an innovation introduced in the market. There has been an invention of a new feature of suspicious location. This feature enables us to know about the suspicious locations where risky gadgets are assembled. This invention is a reliable source of help. This innovation adds more worth to the products. Innovation in the market influences the demand in the market.

Location Intelligence Platforms Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Cloud-Based & On-Premises. The cloud-based segment is projected to capture the maximum market share through 2028.

• By Application Analysis

Based on application, the market can be divided into SMEs & Large Enterprises. The SMEs segment will likely grow at the fastest CAGR during 2022-2028.

Driving Factors

"Propelling Automation Influences the Demand in The Market  "

The developing economies are wise enough to use automation to stay ahead in the global race. To get better results in less time, automation has arisen as a safer alternative which is adopted in numerous industries.  When companies adopt automation there will be more demand for Location Intelligence Platforms as well. This is why there has been an increase in investment in the market. This is how propelling automation influences the Location Intelligence Platforms' market growth. 

"Rising Investment in Digitalization Has Increased the Demand in The Market"

The world is working on being self-reliant in all sectors. Recently, it has been observed that developing economies have been spending more on the development of network infrastructure and this is because of rising digitalization and urbanization in various regions. The increase in disposable income influences more adoption of smartphones which in turn drives the Location intelligence platforms' market growth as well. 

Restraining Factors

"The Reliability and Malfunctioning of the Product Lead to A Declining Trend in The Market "

Location Intelligence Platforms are beneficial in today’s world but along with benefits, it comes along with a few backlogs as well. The cost and expertise that is involved in the making of Location Intelligence Platforms are also very high. Even after spending money and effort at making the robot, the hardware, and software of the robot can malfunction at any point in time. The overall production cost is also increased for the expensive parts of the Location Intelligence Platforms. This factor can hamper the growth of the market.

Location Intelligence Platforms Market Regional Insights

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"North America Region Dominates the Market Due to The Rising Adoption of Advanced Technologies"

North America has the maximum Location Intelligence Platforms market share. There are various factors because of which the market is growing in this region but one of the primary factors influencing the market growth is the increasing adoption of modern and advanced technologies. The increased will of people to spend more on defense and safety matters across developing economies has also influenced the market. There has been a rapid pace of adoption of automation in various sectors in these regions and hence it is expected that the market is growing in this region. Also, the large population in this region accelerates the demand for safety equipment. The vivid use of Location Intelligence Platforms in various sectors in this region has boosted the demand in the market.

Key Industry Players

"Key Players Focus On Innovations and Collaborations "

The key players have noted the rise in the use of Location Intelligence Platforms across the globe and therefore they have started working on the development of Location Intelligence Platforms. The more the growth of the investment in security matters will be, the more the use of Location Intelligence Platforms will be there. The key players have noted how the developments in the product attract the consumers and hence they pay more attention to the regular advancements of the products. Rise in the investments pooled by key players in research & development activities are influencing the launches of new innovative products that fuel the growth of the market.

List of Market Players Profiled

• Esri
• Pitney Bowes
• CartoDB
• Caliper Corporation
• Alteryx
• Salesforce
• SAP
• Spotio
• Map Business Online
• ipgeolocation
• Google
• Fract
• Gadberry Group
• Galigeo
• Geoblink
• GXperts
• Maptive

Report Coverage

The report brings together extensive research on the qualitative and quantitative factors affecting the market. It gives an overall macro and micro view of the online reputation service industry. This research profiles a report with extensive studies on the online reputation management services market that describe the firms affecting the forecasting period. Detailed studies also offer a comprehensive analysis by inspecting factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc.

Furthermore, the post-COVID-19 pandemic’s effect on international market restrictions and a deep understanding of how the industry will recover and strategies are also stated in the report. Finally, the competitive landscape has also been examined in detail to provide clarification of the competitive landscape.