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Technavio’s market research analyst project the global location-based search and advertising market (LBSA) to account for a CAGR of approximately 46% during the forecast period. Factors such as the rising usage of big data analytics to understand consumer insights, growing utilization of smartphones across regions, high adoption of location-based marketing by several industries, rapid adoption of GPS-enabled devices by enterprises and individual consumers, and the growing coverage of mobile broadband networks will help to augment the adoption of location-based search and advertising among small businesses.
An important factor that drives the prospects for growth of the location-based advertising market size is the reduced cost of marketing and enhanced consumer outreach. Recently, it has been observed that enterprises such as retail, automotive, logistics, and food processing use location-based search and advertisement platforms to minimize their operational costs. The ability of location-based search and advertisement platforms to send targeted ads to consumers will result in its increased adoption during the predicted period.
The global location-based search and advertising market is dominated by the push segment, which is envisaged to grow profoundly at a CAGR of approximately 38% during the forecast period. In recent times, it has been observed that a large number of companies are involved in pushing targeted advertisements to consumers. This mode of advertising will gain prominence in the next few years as the advertising content is automatically delivered or served to the end users based on a trigger.
In this market study, analysts have estimated the display segment to be the highest revenue generating segment during the predicted period. This market segment will gain traction due to the shift toward infographics and better customer engagement. The ability of this form of advertisement to identify a potential buyer and to push relevant notifications, such as an ad or a coupon, to the targeted end users will result in this segment’s strong growth during the forecast period.
The competitive environment of this market is expected to intensify with an increase in R&D innovations and M&A activities over the next few years. The market is also likely to witness a growing trend of local acquisitions by the leading players. In developed countries such as the EU and the US, the increased penetration of smartphones has left the market overcrowded with many small and big players. Also, a large number of telecom operators are also entering the mobile location-based advertising business by acquiring small providers.
Top vendors in the market are -
Other prominent vendors in the market include Adfalcon (Noquoush), Aislelabs, Appello Systems, Badoo, bfonics, BLIP Systems A/S, Burpple, COUPIES, Facebook, Gimble, Hungry Go Where (SingTel), Intersec, Jatis Mobile, Komli Mobile, Millennial Media (Verizon), Madvertise media (Mobile Network Group), Nexage (Verizon), NeoMedia, Ping Mobile, Polaris Wireless, Proxama, Scanbuy, Shopkick (SK Planet), ShowNearby (Honeybay), Social Retail, Sprooki, Thinknear (TeleNav), Thumbvista, Verve Wireless, Vouchercloud (Vodafone), Waze (Google), Weve (O2), Wimdu, and Yoose.
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 type of advertising
PART 07: Market segmentation by application
PART 08: Geographical segmentation
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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