Location of Things Market – Size, Analysis, Forecast & Competition Benchmarking

Overview

Report Segment | Technology | Report ID – TGRI3017

Location of Things Market Overview:

The market for Location of Things was valued at XX Bn USD in the year 2023 and expected to reach XX Bn by the year 2030. The CAGR for the market is XX% during the period 2024  -2030.

Devices can connect and interact based on their geographic location thanks to the Location of Things (LoT), a byproduct of the Internet of Things (IoT). Organizations can get location-based data from multiple devices linked to the same network by integrating IoT sensors with location technology. This makes data collecting accurate and well-organized. Commonplace gadgets like smartphones and smartwatches use LoT devices, such as GPS and in-car navigation.

The primary drivers of the location of things (LoT) market’s expansion are the expanding trend of digitalization and the rapid improvements in technology. Governments are creating rules to encourage digital use in a variety of industries globally in order to improve operational efficiency, which is driving the market further as a result of the growing availability of the Internet of Things (IoT).

The commercialization of location-based services such as navigation and cab service and growth in adoption of IoT-based products & services drive the market growth. In addition, use of location-based applications by end users fuels the market. However, the security and privacy regarding the identity of the user is the foremost concern in the adoption of cloud retail.

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Market Dynamics

Location of Things Market Growth Indicators:

  • Increasing importance of spatial data
  • Commercialization of Location based services
  • Democratization of geospatial data for loT applications
  • Demand for Operational Efficiency

Increasing Importance of Spatial Data:

A major factor propelling the Location of Things market is the Increasing importance of spatial data, as companies and organizations realize how important it is to comprehend geographic context when making decisions. For efficient resource allocation, risk assessment, and strategic planning, spatial data offers insights into patterns, trends, and relationships. For example, geographic data aids in urban planning by assisting authorities in monitoring environmental consequences and identifying places for infrastructure development. Businesses in the retail industry use spatial analytics to improve customer targeting through customized marketing techniques and optimize shop layouts. The need for sophisticated analytics tools and systems that can analyze and interpret geographical data is increasing as businesses look to use this data to gain a competitive edge. This is driving more investment and innovation in the Location of Things market. 

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Market Segments

Location of Things Market Report Segments Overview:

Location Type Overview

Based on Location Type, the market is segmented into Indoor Location, Outdoor Location. In the Location of Things market, indoor location is anticipated to grow the fastest due to the increasing integration of IoT technologies and the demand for enhanced user experiences in retail, healthcare, and smart buildings. Businesses are leveraging indoor analytics for customer insights, asset tracking, and operational efficiencies, driving rapid innovation and adoption. Conversely, outdoor location solutions, while essential for logistics and fleet management, are built on more mature technologies, leading to a steadier growth trajectory. This shift towards indoor applications underscores the critical role of real-time data and analytics in transforming operational landscapes.

Application Segment Overview

Based on application, the market is segmented into mapping and navigation, asset management, location intelligence, and media and marketing engagement. Location intelligence is expected to develop at the fastest rate in the Location of Things market because of its revolutionary effects on a number of sectors. Businesses are using location data more and more to make better decisions, increase operational efficiency, and obtain actionable insights. This expansion is motivated by the growing need for data-driven solutions in industries where knowledge of spatial trends is essential, such as retail, logistics, and urban planning. Even if applications like asset management, media and marketing interaction, mapping, and navigation are still crucial, Location Intelligence is poised for growth due to the quick progress being made in analytics and the widespread use of IoT devices.

Industry Vertical Segment Overview

Based on Industry vertical, the market is segmented into retail and consumer goods, government, defense, and public utilities, manufacturing and industrial, transportation and logistics, healthcare, and others. The transportation and logistics industry is anticipated to expand at the quickest rate in the location of things market because of the growing demand for supply chain optimization and real-time tracking. As e-commerce keeps growing, businesses are using location data to lower operating costs, improve fleet management, and increase delivery efficiency. Investments in advanced location analytics are being driven by the need for logistics operations to be transparent and responsive. Although other industries, such as manufacturing, healthcare, and retail, also exhibit substantial growth potential, transportation and logistics is the industry leader due to the quick advancement of technology and the vital significance of on-time delivery.

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Regional Outlook

Fastest Growing Region: Asia Pacific

The fastest-growing region in the Location of Things (LoT) market is Asia-Pacific, driven by rapid urbanization, increasing smartphone penetration, and the proliferation of Internet of Things (IoT) devices. Countries like China and India are at the forefront, leveraging advanced technologies such as 5G and cloud computing to enhance location-based services. The rising demand for real-time tracking in sectors like transportation, logistics, and retail is further propelling market growth. Government initiatives promoting smart cities and the integration of location-based analytics in various industries are also significant contributors, positioning Asia-Pacific as a leader in the LoT landscape.

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Key Players

Location of Things Market Players Mapping:

  • Bosch Software Innovations GmbH 
  • Google, Inc. (Alphabet, Inc.)
  • IBM Corporation 
  • Microsoft Corporation 
  • ESRI 
  • Qualcomm Technologies, Inc.  
  • Wireless Logic  
  • Ubisense Group Plc  
  • Pitney Bowes
  • HERE 
  • Telogis 
  • TIBCO Software, Inc. 
  • Zebra Technologies 
  • Awarepoint Corporation
  • Navigine 

Recent Activity by companies in Location of Things Market

In October 2023, Google announced significant enhancements to its Google Maps platform as part of its efforts in the Location of Things market. These updates included improved precision in location tracking, leveraging advanced algorithms and machine learning to provide real-time navigation updates and more accurate business listings. Additionally, Google introduced new APIs that allow developers to seamlessly integrate location data into their applications, enhancing user experiences in logistics, retail, and transportation. The launch of the “Live View” feature, which utilizes augmented reality for real-time contextual information, was also highlighted, further positioning Google as a key player in harnessing location data for various industries. These developments reflect Google’s commitment to enhancing location-based services and supporting smart city initiatives.

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Report Coverage

Location of Things Market Coverage:

By Location Type

  • Indoor Location
  • Outdoor Location

By Application:

  • Asset Management
  • Location Intelligence
  • Media and Marketing Engagement
  • Mapping and Navigation

By Industry Vertical:

  • Government, Defence and Public Utilities
  • Transportation and Logistics
  • Retail and Consumer Goods
  • Manufacturing and Industrial
  • Healthcare
  • Others

By Region:

  • North America
    • US
    • Canada
    • Mexico
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of APAC
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • MEA
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of MEA

Location of Things Market Report Outlook

Location of Things Market Coverage2019- 2030
Fastest Growing RegionAsia Pacific
Location of Things Market Forecast2024 – 2030
Historical Data2019 – 2022
Base Year2023
Competition Benchmarking10 + Key Players Mapping 
Report FormatPPT + PDF + Excel

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  • Bosch Software Innovations GmbH 
  • Google, Inc. (Alphabet, Inc.)
  • IBM Corporation 
  • Microsoft Corporation 
  • ESRI 
  • Qualcomm Technologies, Inc.  
  • Wireless Logic  
  • Ubisense Group Plc  
  • Pitney Bowes
  • HERE 
  • Telogis 
  • TIBCO Software, Inc. 
  • Zebra Technologies 
  • Awarepoint Corporation
  • Navigine 

  1. Preface
    1. Location of Things Market Introduction
    2. Location of Things Market Stage – Analyst View
    3. Location of Things Market Segmentation
    4. Key Research Objectives
  2. Assumptions and Research Methodology
    1. Research Methodology
      1. Primary Data Source
      2. Secondary Data Sources
    2. Key Assumptions for Data Modeling
  3. Executive Summary – Global Location of Things Market
  4. Location of Things Market Analyst View
    1. Location of Things Market Overview
    2. Location of Things Market Factor Analysis
      1. Ecosystem/Value Chain Analysis
      2. Location of Things Market Dynamics (Growth Influencers)
        1. Drivers
        2. Restraints
        3. Opportunities
        4. Trends
          1. Impact Analysis of Drivers and Restraints
      3. Location of Things Market Analysis – PESTLE
      4. Location of Things Market Analysis – Porter’s
    3. Location of Things Market Opportunity Assessment – by Region (North America/Europe/Asia Pacific/Middle East and Africa/South America)
      1. Location Type
      2. Application
      3. Industry Vertical
  5. Global Location of Things Market Segmentation
    1. Location of Things Market Revenue Analysis (US$ Bn), 2019 – 2030
    2. Historic Growth Trends, 2019 – 2022
    3. Forecast Trends, 2023 – 2030
  6. Global Location of Things Market Analysis, Location Type
    1. Overview & Definitions
    2. Key Location Type Analysis
    3. Location of Things Market Size Estimate & Forecast (US$ Bn) , Location Type, 2019 – 2030
      1. Indoor Location
      2. Outdoor Location
  7. Global Location of Things Market Analysis, Application
    1. Overview & Definitions
    2. Key Application Analysis
    3. Location of Things Market Size Estimate & Forecast (US$ Bn) , Application, 2019 – 2030
      1. Asset Management
      2. Location Intelligence
      3. Media and Marketing Engagement
      4. Mapping and Navigation
  8. Global Location of Things Market Analysis, Industry Vertical
    1. Overview & Definitions
    2. Key Industry Vertical Analysis
    3. Location of Things Market Size Estimate & Forecast (US$ Bn) , Industry Vertical, 2019 – 2030
      1. Government, Defence and Public Utilities
      2. Transportation and Logistics
      3. Retail and Consumer Goods
      4. Manufacturing and Industrial
      5. Healthcare
      6. Others
  1. Global Location of Things Market Analysis and Forecast, By Region
    1. Key Findings
    2. Location of Things Market Size Estimate & Forecast (US$ Bn) , by Region, 2019 – 2030
      1. North America
      2. Europe
      3. Asia Pacific
      4. Middle East and Africa
      5. South America
  2. North America Location of Things Market Analysis
    1. Regional Outlook
    2. Location of Things Market Size (US$ Bn) Analysis and Forecast (2019 – 2030)
      1. Location Type
      2. Application
      3. Industry Vertical
    3. Location of Things Market Size Estimate & Forecast (US$ Bn) , by Country, 2019 – 2030
      1. U.S.
      2. Canada
      3. Mexico
  3. Europe Location of Things Market Analysis and Forecast
    1. Regional Outlook
    2. Location of Things Market Size (US$ Bn) Analysis and Forecast (2019 – 2030)
      1. Location Type
      2. Application
      3. Industry Vertical
    3. Location of Things Market Size Estimate & Forecast (US$ Bn) , by Country, 2019 – 2030
      1. Germany
      2. UK
      3. France
      4. Italy
      5. Spain
      6. Russia
      7. Rest of Europe
  4. APAC Location of Things Market Analysis and Forecast
    1. Regional Outlook
    2. Location of Things Market Size (US$ Bn) Analysis and Forecast (2019 – 2030)
      1. Location Type
      2. Application
      3. Industry Vertical
    3. Location of Things Market Size Estimate & Forecast (US$ Bn) , by Country, 2019 – 2030
      1. China
      2. Japan
      3. India
      4. South Korea
      5. Australia
      6. Rest of APAC
  5. Middle East and Africa (MEA) Location of Things Market Analysis and Forecast
    1. Regional Outlook
    2. Location of Things Market Size (US$ Bn) Analysis and Forecast (2019 – 2030)
      1. Location Type
      2. Application
      3. Industry Vertical
    3. Location of Things Market Size Estimate & Forecast (US$ Bn) , by Country, 2019 – 2030
      1. UAE
      2. Saudi Arabia
      3. Qatar
      4. South Africa
      5. Rest of MEA
  6. South America Location of Things Market Analysis and Forecast
    1. Regional Outlook
    2. Location of Things Market Size (US$ Bn) Analysis and Forecast (2019 – 2030)
      1. Location Type
      2. Application
      3. Industry Vertical
    3. Location of Things Market Size Estimate & Forecast (US$ Bn) , by Country, 2019 – 2030
      1. Brazil
      2. Argentina
      3. Rest of South America
  7. Location of Things Market | Key Players Market Share Analysis (2023)
  1. Competition Benchmarking
    1. Key Players Profiles
      1. Bosch Software Innovations GmbH
        1. Company Overview
        2. Financial Analysis
        3. Recent Developments
        4. Portfolio Analysis
        5. Business Strategy Deep Dive
        6. SWOT Analysis
      2. Google, Inc. (Alphabet, Inc.) 
      3. IBM Corporation
      4. Microsoft Corporation
      5. ESRI
      6. Qualcomm Technologies, Inc.
      7. Wireless Logic
      8. Ubisense Group Plc
      9. Pitney Bowes
      10. HERE
      11. Telogis
      12. TIBCO Software, Inc.
      13. Zebra Technologies
      14. Awarepoint Corporation
      15. Navigine
  2. Analyst Takeaways

List of Figures:

  1. Location of Things Market Assumptions and Research Methodology
  2. Location of Things Market Factor Analysis
  3. Location of Things Market Ecosystem/Value Chain Analysis
  4. Location of Things Market Drivers
  5. Location of Things Market Restraints
  6. Location of Things Market Opportunities
  7. Location of Things Market Trends
  8. Location of Things Market Analysis – PESTLE
  9. Location of Things Market Analysis – Porter’s
  10. By Location Type – Opportunity Assessment – by Region (North America/Europe/Asia Pacific/Middle East and Africa/South America)
  11. By Application – Opportunity Assessment – by Region (North America/Europe/Asia Pacific/Middle East and Africa/South America)
  12. By Industry Vertical – Opportunity Assessment – by Region (North America/Europe/Asia Pacific/Middle East and Africa/South America)
  13. Global Location of Things Market Segmentation – Outlook
  14. Location of Things Market Revenue Analysis (US$ Bn), 2019 – 2030
  15. Location of Things Market Historic Growth Trends, 2019 – 2022
  16. Location of Things Forecast Trends, 2023 – 2030
  17. Global, by Location Type – Location of Things Market – Snapshot
  18. Global, by Application – Location of Things Market – Snapshot
  19. Global, by Industry Vertical – Location of Things Market – Snapshot
  20. North America, by Location Type – Location of Things Market Size Comparison (2024 – 2030)
  21. North America, by Application – Location of Things Market Size Comparison (2024 – 2030)
  22. North America, by Industry Vertical – Location of Things Market Size Comparison (2024 – 2030)
  23. Europe, by Location Type – Location of Things Market Size Comparison (2024 – 2030)
  24. Europe, by Application – Location of Things Market Size Comparison (2024 – 2030)
  25. Europe, by Industry Vertical – Location of Things Market Size Comparison (2024 – 2030)
  26. APAC, by Location Type – Location of Things Market Size Comparison (2024 – 2030)
  27. APAC, by Application – Location of Things Market Size Comparison (2024 – 2030)
  28. APAC, by Industry Vertical – Location of Things Market Size Comparison (2024 – 2030)
  29. Middle East & Africa, by Location Type – Location of Things Market Size Comparison (2024 – 2030)
  30. Middle East & Africa, by Application – Location of Things Market Size Comparison (2024 – 2030)
  31. Middle East & Africa, by Industry Vertical – Location of Things Market Size Comparison (2024 – 2030)
  32. South America, by Location Type – Location of Things Market Size Comparison (2024 – 2030)
  33. South America, by Application – Location of Things Market Size Comparison (2024 – 2030)
  34. South America, by Industry Vertical – Location of Things Market Size Comparison (2024 – 2030)

List of Tables:

  1. Global – Location of Things Market, by Location Type – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  2. Global – Location of Things Market, by Application – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  3. Global – Location of Things Market, by Industry Vertical – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  4. North America – Location of Things Market, by Location Type – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  5. North America – Location of Things Market, by Application – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  6. North America – Location of Things Market, by Industry Vertical – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  7. U.S. – Location of Things Market, by Location Type – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  8. U.S. – Location of Things Market, by Application – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  9. U.S. – Location of Things Market, by Industry Vertical – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  10. Canada – Location of Things Market, by Location Type – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  11. Canada – Location of Things Market, by Application – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  12. Canada – Location of Things Market, by Industry Vertical – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  13. Mexico – Location of Things Market, by Location Type – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  14. Mexico – Location of Things Market, by Application – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  15. Mexico – Location of Things Market, by Industry Vertical – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  16. Europe – Location of Things Market, by Location Type – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  17. Europe – Location of Things Market, by Application – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  18. Europe – Location of Things Market, by Industry Vertical – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  19. Germany – Location of Things Market, by Location Type – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  20. Germany – Location of Things Market, by Application – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  21. Germany – Location of Things Market, by Industry Vertical – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  22. UK – Location of Things Market, by Location Type – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  23. UK – Location of Things Market, by Application – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  24. UK – Location of Things Market, by Industry Vertical – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  25. France – Location of Things Market, by Location Type – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  26. France – Location of Things Market, by Application – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  27. France – Location of Things Market, by Industry Vertical – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  28. Italy – Location of Things Market, by Location Type – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  29. Italy – Location of Things Market, by Application – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  30. Italy – Location of Things Market, by Industry Vertical – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  31. Spain – Location of Things Market, by Location Type – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  32. Spain – Location of Things Market, by Application – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  33. Spain – Location of Things Market, by Industry Vertical – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  34. Russia – Location of Things Market, by Location Type – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  35. Russia – Location of Things Market, by Application – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  36. Russia – Location of Things Market, by Industry Vertical – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  37. Rest of Europe – Location of Things Market, by Location Type – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  38. Rest of Europe – Location of Things Market, by Application – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  39. Rest of Europe – Location of Things Market, by Industry Vertical – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  40. APAC – Location of Things Market, by Location Type – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  41. APAC – Location of Things Market, by Application – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  42. APAC – Location of Things Market, by Industry Vertical – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  43. China – Location of Things Market, by Location Type – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  44. China – Location of Things Market, by Application – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  45. China – Location of Things Market, by Industry Vertical – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  46. Japan – Location of Things Market, by Location Type – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  47. Japan – Location of Things Market, by Application – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  48. Japan – Location of Things Market, by Industry Vertical – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  49. India – Location of Things Market, by Location Type – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  50. India – Location of Things Market, by Application – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  51. India – Location of Things Market, by Industry Vertical – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  52. South Korea – Location of Things Market, by Location Type – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  53. South Korea – Location of Things Market, by Application – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  54. South Korea – Location of Things Market, by Industry Vertical – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  55. Australia – Location of Things Market, by Location Type – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  56. Australia – Location of Things Market, by Application – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  57. Australia – Location of Things Market, by Industry Vertical – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  58. Rest of APAC – Location of Things Market, by Location Type – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  59. Rest of APAC – Location of Things Market, by Application – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  60. Rest of APAC – Location of Things Market, by Industry Vertical – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  61. Middle East & Africa – Location of Things Market, by Location Type – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  62. Middle East & Africa – Location of Things Market, by Application – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  63. Middle East & Africa – Location of Things Market, by Industry Vertical – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  64. UAE – Location of Things Market, by Location Type – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  65. UAE – Location of Things Market, by Application – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  66. UAE – Location of Things Market, by Industry Vertical – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  67. Saudi Arabia – Location of Things Market, by Location Type – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  68. Saudi Arabia – Location of Things Market, by Application – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  69. Saudi Arabia – Location of Things Market, by Industry Vertical – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  70. Qatar – Location of Things Market, by Location Type – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  71. Qatar – Location of Things Market, by Application – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  72. Qatar – Location of Things Market, by Industry Vertical – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  73. South Africa – Location of Things Market, by Location Type – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  74. South Africa – Location of Things Market, by Application – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  75. South Africa – Location of Things Market, by Industry Vertical – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  76. Rest of Middle East & Africa- Location of Things Market, by Location Type – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  77. Rest of Middle East & Africa- Location of Things Market, by Application – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  78. Rest of Middle East & Africa- Location of Things Market, by Industry Vertical – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  79. South America- Location of Things Market, by Location Type – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  80. South America- Location of Things Market, by Application – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  81. South America- Location of Things Market, by Industry Vertical – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  82. Brazil- Location of Things Market, by Location Type – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  83. Brazil- Location of Things Market, by Application – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  84. Brazil- Location of Things Market, by Industry Vertical – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  85. Argentina- Location of Things Market, by Location Type – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  86. Argentina- Location of Things Market, by Application – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  87. Argentina- Location of Things Market, by Industry Vertical – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  88. Rest of South America- Location of Things Market, by Location Type – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  89. Rest of South America- Location of Things Market, by Application – Size Estimate & Forecast (2019 – 2030, US$ Bn)
  90. Rest of South America- Location of Things Market, by Industry Vertical – Size Estimate & Forecast (2019 – 2030, US$ Bn)

Data Collection and Research:

As a market research and consulting firm with extenstive experience, we have published numerous reports and provided strategic guidance to clients worldwide. Our research process begins with a thorough evaluation of existing data and insights from previously published reports. We gather historical and current market information from sources such as investor presentations, annual reports, SEC filings, and company performance data, leveraging paid databases. Additionally, we consult a variety of publicly available publications for further context.

To obtain both technical and market-specific insights, we engage with industry associations, trade organizations, technical forums, and research institutes. Their publications, including research papers, blogs, and press releases, offer valuable market cues. Moreover, we meticulously analyze white papers, journals, magazines, and news articles published in the last four years to identify and interpret the latest market trends.

Research Compilation and Data Sourcing

The primary interview analysis is based on data gathered from interviews with industry participants and responses to survey questions collected by our in-house research team.

For primary research, we engage with industry professionals such as CEOs, Marketing and Sales Managers, VPs, and Subject Matter Experts from both the demand and supply sides to gain a comprehensive understanding of the market. Our primary research team conducts multiple interviews, tailored to the complexity of each market, to capture key trends and dynamics, ensuring the research is both reliable and accurate.

Research interview are leverage for following key parameters:

  • Offers direct insights into market size, trends, growth patterns, competitive landscape, and future outlook.
  • Confirms and enhances the findings from in-house secondary research.
  • Deepens the analysis team’s expertise and understanding of the market.
  • Identifies emerging opportunities and potential challenges within the market.
  • Captures real-time feedback and perspectives from key industry stakeholders.
  • Enhances the accuracy of market forecasts and projections.

Primary research is conducted through email communications and telephone interviews, targeting each market, category, segment, and sub-segment across various regions. The participants in this process typically include, but are not limited to:

Industry professionals: VPs, business development managers, market intelligence managers, and national sales managers.

External experts: Valuation specialists, research analysts, and key opinion leaders with expertise in the sepcific market sectors.

Primary respondents breakup:

Upon receiving confirmation from primary research sources or respondents, we finalize the base year market estimates and proceed to forecast data. This is done by incorporating the macroeconomic and microeconomic factors evaluated during the data collection phase.

Data Analysis:

After validating the data through secondary and primary sources, we refine the market estimations by developing hypotheses and performing factor analysis at both regional and national levels.

3.1 Macro-Economic Factor Analysis:

We assess macroeconomic indicators such as Gross Domestic Product (GDP), changes in demand across industries, technological advancements, regional economic growth, government policies, the impact of COVID-19, and PEST analysis. This evaluation helps establish benchmarks for different nations and regions and approximates market segments. Additionally, the general trends in these factors assist in identifying potential market growth opportunities.

3.2 Country Level Data:

To determine the market size for specific regions and countries, we consider various country-specific factors. These include the presence of vendors (headquarters and offices), the country’s GDP, demand patterns, and industry growth. We examine growth drivers, inhibitors, application areas, and current market trends to understand the dynamics within each nation. This analysis is crucial for assessing the growth potential of the market in each country.

3.3 Company Profile:

The “Table of Contents” includes a detailed analysis of over 25 to 30 companies operating within the market ecosystem across different geographies. Typically, our syndicate reports profile 10 companies, representing leading, emerging, and regional players. However, our analysis extends beyond these 10 companies to ensure a comprehensive understanding of market trends. The “Company Profiles” section features key facts, business descriptions, products and services, financial information, SWOT analysis, and key developments. Financial data is sourced from annual reports and official documents of publicly listed companies, and is verified through primary sources before compilation. This company-level information is essential for determining the base number and forecasting market size.

3.4 Developing Base Number:

We aggregate sales data, macroeconomic factors, and insights from secondary and primary research to establish the base number and market shares for the base year. This phase involves identifying data gaps and analyzing relevant market data from paid interviews or databases. After finalizing the base year market size, we develop forecasts based on macroeconomic factors, industry growth, and company-level analysis.

Data Triangulation and Final Review:

We validate market findings and base year calculations through both supply and demand-side evaluations. Demand-side validations are based on macroeconomic analysis and regional benchmarks, while supply-side validations involve estimating revenues of major companies using industry benchmarks, employee numbers, product portfolios, and primary interviews. We assess revenue from target product/service segments to ensure accurate market statistics. Significant deviations between supply and demand values prompt a re-evaluation to achieve consistency.

Our iterative approach involves sharing research findings with Subject Matter Experts and Key Opinion Leaders until a consensus view is achieved. This process helps mitigate drastic deviations in expert opinions. We use data triangulation—validating information from secondary sources with primary interviews and re-verifying with internal databases and experts—to ensure high-quality, reliable data is delivered efficiently.



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