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Technavio’s market research analyst predicts the location-based services (LBS) market in APAC to grow at an impressive CAGR of around 29% during the forecast period. Eminent factors such as the augmented demand for smartphones, especially in the APAC region, will significantly affect the prospects for growth in the LBS market. Since LBS apps allow users to enjoy services like location-based gaming and location-based tracking and navigation, an increase in the installation of LBS apps among the smartphone users will result in market growth during the forecast period.
Furthermore, with the advent of location-based services like search and advertising, and analytics, the market for LBS in APAC will have a positive outlook until 2020.
In this market research, analysts have estimated the indoor LBS segment to grow at an impressive CAGR of approximately 51% during the forecast period. Factors like the growing utilization of LBS in indoor locations, such as shopping malls, airports, auditoriums, convention centers, and hospitals, will foster the prospects for growth in this market segment until 2020.
The LBS market in APAC is highly competitive and consists of various stakeholders like LBS device providers, map providers, location-based advertisers, platform providers, application developers, navigation providers, mobile operators, location-aware application and media providers, proximity marketing providers, location-based content providers, and mobile search providers. Since LBS applications are mainly popular among the youth, a large number of LBS providers are entering the market through M&A to tap this large customer base.
Leading vendors in the market are -
Other prominent vendors in the market include Advanced Info Service, Apple, Bafang, Baidu, Bharti Airtel, Bing, Burpple, Celcom Mobile, DbyDx Software (Kellton Tech), Dialme 24, Digi Telecommunication, Esri, Facebook, GETIT Infoservices , Globe Telecom, Hungry Go Where (SingTel), IndoorAtlas, Insiteo, Micello, Kaikai.com, LocationGuru, Mobango, MyCityWay, NetEase, Picky, PT, Indosat, Qualcomm IZat, Ruckus Wireless, Spime, Scanpoint Geomatics, Syniverse Technologies, SatNav Technology, Sifang, Sina, TELiBrahma Technologie, Tata Teleservices, Tata DoCoMo, Taxiforsure.com (Ola Cabs), Tencent Holdings, Weibo.com, XL Axiata , Yahoo, Yelp, and Yoose.com.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by usage
PART 07: Outdoor LBS market in APAC: Segmentation by service
PART 08: Segmentation by end-user
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Appendix
PART 16: Explore Technavio
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