Building up Location Based service domain.
Location based services market (LBS) is delivery of specific services to users on the basis of location of mobile or wireless devices. Location-based services are used to locate persons, objects, track vehicle movements, navigation, logistics, and inventory management. Rapid adoption of Wi-Fi and WLAN networks in hospitals and public places is expected to drive the location based services market during the forecast period. However, increased prices of real-time based LBS components, and personal data security are the major factors hindering the growth of global location-based services industry. Increasing application areas along with technological advancements in cloud computing, global navigation satellite system (GNSS), GPS, wireless technologies, and others is expected to provide numerous growth opportunities for the location based services market. Key Benefits • Provides an in-depth analysis of the global LBS market to identify the potential investmen...