Location Based Services Market Report: Trends, Insights, and Forecast for 2030

According to the study by Next Move Strategy Consulting, the global Location Based Services Market is predicted to reach USD 410.09 billion with a CAGR of 26.8% by 2030.

Location Based Services are navigating systems that utilize geographical data information to locate personnel, place, or assets. 

Furthermore, factors such as development of cost-effective GPS navigating systems, increasing usage of 3G & 4G technologies, higher adoption of smartphones, upsurge in development of contact tracing APIs, augmentation in mobile commerce as well as increasing influence of social networking & entertainment industry, are expected to propel the growth of global location based services market in coming future.

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