GITNUX MARKETDATA REPORT 2024

Location Intelligence Industry Statistics

The Location Intelligence industry is expected to grow at a steady rate with increasing demand for spatial data analytics and visualization tools across various sectors.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we explore key statistics shaping the Location Intelligence industry, shedding light on market size, top industry players, and emerging trends. From the exponential growth projections to the pivotal role of data intelligence tools, these statistics paint a comprehensive picture of the dynamic landscape ahead.

Statistic 1

"By 2026, the global market for Location Intelligence is expected to reach $32.8 billion."

Statistic 2

"The Location Intelligence market grew with a CAGR of 15.8% from 2014 to 2019."

Statistic 3

"The real estate industry held the highest share, approximately 21.5%, in the Location Intelligence market in 2020."

Statistic 4

"In 2020, cloud-based solutions in the Location Intelligence market accounted for around 60% of the total market share."

Statistic 5

"Government organizations contribute over 24% of the total revenue for the Location Intelligence industry."

Statistic 6

"North America held the leading market share of around 40% in 2019 for Location Intelligence."

Statistic 7

"Data intelligence tools hold over 35% of the entire Location Intelligence industry market share."

Statistic 8

"By 2027, the total Location Intelligence market is projected to be worth $25 billion worldwide."

Statistic 9

"About 70% of telecom companies use Location Intelligence to maintain network infrastructure."

Statistic 10

"The location analytics market in APAC is projected to grow at the highest CAGR of 16.1% during the forecast period 2016 to 2021."

Statistic 11

"3 out of 4 marketers believe that location-based marketing is a crucial growth factor in fostering effective partnerships and customer engagement."

In conclusion, the Location Intelligence industry is witnessing significant growth and evolution, with impressive market projections and diverse applications across various sectors. The data reveals a consistent upward trend in market value, with a strong presence of cloud-based solutions and data intelligence tools shaping the industry landscape. Notably, the real estate sector and government organizations are major contributors to the market revenue, highlighting the widespread adoption of Location Intelligence technologies across different industries. The statistics also point towards regional variations in market share, such as North America’s dominance in 2019 and the projected high growth rate of the location analytics market in APAC. With telecom companies leveraging Location Intelligence for network infrastructure maintenance and marketers recognizing the importance of location-based marketing, it is evident that Location Intelligence continues to play a crucial role in driving business strategies and enhancing customer engagement globally.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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