Geospatial Insights: Location-Based Services Market to Achieve $327.6 Billion by 2031

The Location-based Services Market is projected to reach $327.6 billion by 2031, at a CAGR of 15.9% During 2024–2031. Spatial data analysis involves the examination of data that includes a geographic component, using specific tools and methodologies to analyze information associated with distinct geographic locations. This analysis is instrumental in uncovering spatial patterns and relationships,…

Massive Growth Ahead: LBS Market to Hit $327.6 Billion by 2031

Introduction to New Market Research Meticulous Research® has published a comprehensive report titled, ‘‘Location-based Services Market by Component, Technology (GNSS, GPS), Application (Navigation, Tracking), Location Type, End-use Industry, and Geography – Global Forecast to 2031.’ According to this report, the global location-based services market is set to reach $327.6 billion by 2031, with a CAGR…