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Technavio’s market research analyst expects the LBS market in Southeast Asia to multiply at a massive CAGR of over 48% during the forecast period. Following the advent of globalization and increasing competition across various industrial sectors, it is essential for service providers to know - "Who are the potential consumers?", "Where are they?", and "What are they doing in real-time?” For this, the location information of the user is required, hence the demand for location-based services (LBS) are increasing rapidly among consumers and businesses.
One of the major drivers contributing to the growth of the LBS market is the rapid adoption of smart devices. Consumers in countries such as Singapore, Philippines, Vietnam, Indonesia, Thailand, and Cambodia are gadget-lovers. Hence, the demand of smartphones in these regions are very high. Therefore, the high penetration of smartphones with increasing activity around mobile LBS and location-enhanced marketing is propelling the LBS market growth.
LBS applications are vastly used by enterprises in various sectors such as retail, energy, production, aviation, healthcare, and hospitality to increase employee productivity and workforce management. Therefore, the enterprise segment holds the largest market share with nearly 55% as of 2015.
In terms of geography, Indonesia is leading the LBS market in Southeast Asia, accounting for almost 25% of the market share in 2015, followed by Malaysia and Singapore. The main reason contributing to the growth of the LBS market in Indonesia is the increasing penetration of 4G services in the country.
The LBS market in Southeast Asia is highly competitive and fragmented with the presence of large international and regional players. The intense competition among the vendors has resulted in an increased number of mergers, with smaller entities being acquired by or being merged with major players. Also, a large number of venture capitalists are also funding LBS value chain providers.
The top vendors in the market are -
Other prominent vendors in the market include Advanced Info Service, Burpple, Celcom Mobile, Digi Telecommunication, Globe Telecom, Hungry Go Where (SingTel), IndoorAtlas, Insiteo, Micello, Picky, PT Indosat, Qualcomm IZat, Ruckus Wireless, ShowNearby (Honeybay), Smart Communications, Telkomsel (Singtel), Total Access Communication, U Mobile, Waze (Google), XL Axiata, Yelp, and Yoose. Some emerging vendors include Adsmobi (Smaato), Airbnb, Bouncity, Wimdu, Jatis Mobile, Komli Mobile, looloo, MappointAsia, Shopkick (SK Planet), Shoppertise, Sprooki, TaxiMonger, Tripid, Withlocals, w-LOCATE, and Yotomo.
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 users
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Appendix
PART 15: Explore Technavio
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