Location of Things Market is projected to grow up to USD 38 billion by 2027 growing at a CAGR of 42% during the forecasting period 2021-2027.

The Internet of Things (IoT) technology enables companies and service providers to collect a wide range of data over the network, which is embedded in a wide range of linked devices. It refers to a thing's ability to perceive and convey its geographic location. The worldwide location of things market is predicted to develop at the fastest rate due to a variety of variables that are driving up demand in the sector. The Internet of Things will change the way consumers and businesses interact. The location of objects aids the government in providing better service while lowering expenditures. Some, for example, have captured location data into a model, and that data will assist citizens in determining the position of their nearest leisure facilities, schools, GP surgeries, or parking spaces.
The growing use of location-based applications across many industrial verticals is propelling the growth of the Location Of Things Market. The government and public utilities have begun to use the Location Of Things to capitalise on geographic location intelligence. Location-based technology facilitates the integration of location intelligence software with geospatial, IoT, and corporate data, such as census statistics, tax information, and video surveillance files. GIS and interactive mapping technology combined provide comprehensive solutions for facility and workforce management.
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The Location of Things Market report has been categorized as below
By Location Type
Indoor Location
Outdoor Location
By Application
Mapping & Navigation
Location-based Customer Engagement & Advertising Platform
Location-based Social Media Monitoring
IoT Asset Management
Location Intelligence
By Vertical
BFSI
Defense
Government & Public Utilities
Healthcare & Life Sciences
Industrial Manufacturing
Media & Entertainment
Retail & ECommerce
Transportation & Logistics
Others
By Region
North America
Europe
Asia Pacific
Rest of World
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