Thursday, 7 August 2014

52.79% CAGR Growth in Location-based Service Market India by 2018 says a New Report


An LBS is used to track the location of users within a wireless network using location-enabled mobile devices. The LBS makes use of GIS technology and the internet to track the location of users. The user-initiated LBS requires an internet connection to gather the user’s location and provide search results. The various location-enabled mobile devices are smartphones, tablets, PNDs, and location-enabled in-dash devices fitted in vehicles. LBS is used for discovering places and routes, tracking, obtaining traffic updates and real-time directions, routes to landmarks, information regarding ongoing local events, finding friends, location-based advertising, location-based shopping, location-based social networking, and location-enabled searches. It is also used for location-based entertainment and infotainment.

Analysts forecast the LBS Market in India will grow at a CAGR of 52.79 percent over the period 2014-2018.

Covered in this Report
The LBS market in India is segmented on the basis of application such as location-based Navigation and Tracking, Location-based Search and Advertising and Location-based Infotainment and Analytics. The different positioning technologies described in the report are GPS, A-GPS, Cell-ID Technology, and Angle of Arrival, Time of Arrival, and Wi-Fi.

LBS Market in India 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report focuses on India; it also covers the LBS market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.