Unlocking Growth: Asia-Pacific Location Intelligence Market Forecast to Hit $24.6 Billion by 2030

 

Meticulous Research®—leading global market research company, published a research report titled, ‘Asia-Pacific Location Intelligence Market by Offering, Deployment Mode, Organization Size, Sector (Transportation & Logistics, Retail & E-commerce, Government & Defense, BFSI, Travel & Tourism), and Country - Forecast to 2030.’

Download Free Sample Report@ https://www.meticulousresearch.com/download-sample-report/cp_id=5708?utm_source=pdf&utm_medium=social&utm_campaign=product&utm_content=31-07-2024

Meticulous Research®, a renowned provider of comprehensive market intelligence, unveils projections indicating that the Asia-Pacific location intelligence market is poised to soar to a valuation of $24.6 billion by 2030, boasting an impressive compound annual growth rate (CAGR) of 15.4% from 2023 to 2030. This anticipated growth is attributed to several factors, including the widespread adoption of location-based solutions across industries, the escalating use of spatial data and analytics, and the growing imperative for asset management in industrial sectors.

Despite the promising trajectory, the Asia-Pacific location intelligence market faces challenges stemming from evolving government regulations and a notable lack of awareness and expertise in spatial intelligence within the region. However, opportunities abound with the increasing adoption of drones across various applications and continuous advancements in mapping and navigation solutions. Nevertheless, challenges such as high procurement and implementation costs, as well as concerns regarding security, privacy, and accuracy, remain significant hurdles to market growth.

Driving Forces in the Asia-Pacific Region

·         Retail Sector Revolution: The proliferation of location-based solutions in the retail sector is driving market growth, fueled by the need for improved decision-making, customer insights, and map-based visualizations.

·         Cloud-based Deployment Momentum: Cloud-based deployment is projected to witness the highest CAGR during the forecast period, driven by benefits such as cost-effectiveness, scalability, and enhanced data management capabilities.

·         Small & Medium-sized Enterprises (SMEs) on the Rise: SMEs are expected to register a higher CAGR due to the transition to cloud infrastructure and the increasing adoption of location intelligence solutions to gain insights into market trends and consumer behaviors.

Key Players and Segmentation

The Asia-Pacific location intelligence market is segmented by offering, deployment mode, organization size, sector, and country/region. Key players in the market include HERE International, Google LLC, TomTom N.V., Esri, and Microsoft Corporation, among others.

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About Meticulous Research®:

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

 

 

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