Tag Archives: location of things

Location of Things Market is Estimated to Grow by 37.9% of CAGR by 2022

According to a new market research report “Location of Things Market by Location Type (Indoor, Outdoor), Application (Mapping & Navigation, Location-Based Social Media Monitoring, IoT Asset Management, IoT Location Intelligence), Vertical, and Region – ****** Forecast to 2022”, The location of things market size is estimated to be USD 5.46 Billion in 2017, and is projected to reach USD 27.22 Billion by 2022, at a CAGR of 37.9% from 2017 to 2022.

For More Infohttps://www.marketsandmarkets.com/Market-Reports/location-of-things-market-44362455.html

Some of the major factors that are driving the growth of the location of things market include increasing importance of spatial data, democratization of geospatial data for IoT applications, and increase in the adoption of location-based applications across various verticals.

Location of Things Market – Technological Developments and Used to Navigate, Optimize Routes

The new Location of Things Industry Report has been published today. It provides updated in 2018 year analysis of technology and communication Industries.

Market Definition:

The ****** location of things market was estimated as USD 5.4 Billion in 2016 and is expected to reach USD 71.3 Billion by 2025, growing significantly with a CAGR of over 33% during the forecast period. Increasing penetration of Internet of Things (IoT) and connected device technologies, rising significance of spatial data and growing adoption of location-based applications across various industries are the major factors fuelling the growth of the market.