Asia-Pacific Location Intelligence Market (2023-2030)
to reach $24.6 billion by 2030 at a CAGR of 15.4% during the forecast period 2023–2030.
- Published
- Nov 2023
- Pages
- 243
- Format
- PDF + Excel
- Report ID
- MRICT - 1041025
- Base year
- 2022
- 2030 · FORECAST
- $24.60B
- 2030
- $24.60B
- CAGR 2023–2030
- 15.4%
2022 baseline · 2023–2030 forecast at 15.4% CAGR · hover a bar for the value
Key highlights
Based on offering, the services segment is projected to register the higher CAGR during the forecast period. Market players’ growing emphasis on offering data hosting and infrastructure services, the growing need for the collection, analysis, visualization, and interpretation of location-based data, and the increasing demand for geospatial data collection services are expected to support the growth of this segment.
Based on deployment mode, the cloud-based deployment segment is projected to register the higher CAGR during the forecast period. The growing use of cloud-based location intelligence to enhance public services, facilitate economic development, and improve overall governance, the increasing need for mapping and visualization capabilities, and the benefits of cloud-based deployments, such as easy maintenance of the generated data, cost-effectiveness, and scalability are expected to support the growth of this segment.
Based on organization size, the small & medium-sized enterprises segment is projected to register the higher CAGR during the forecast period. The increasing adoption of location intelligence solutions to gain insights into market trends, consumer behaviors, foot traffic patterns, and logistics operations, the minimal requirement for in-house infrastructure, the high scalability and easy installation of location intelligence solutions, and the transition to cloud infrastructure due to the benefits offered are factors expected to support the growth of this segment.
Report summary
| Particulars | Details |
|---|---|
| Base Year | 2022 |
| Estimated Year | 2023 |
| Forecast Period | 2023–2030 |
| Market Size (2030) | USD 24.60 billion |
| CAGR (2023–2030) | 15.4% |
| Format | PDF, Excel & Cloud Portal · 243 pages |
| Segments Covered | By Offering: Solutions, Services · By Deployment Mode: On-premise Deployment, Cloud-based Deployment · By Organization Size: Large Enterprises, Small & Medium-sized Enterprises · By Sector: Transportation & Logistics Tracking & Planning, Supply Chain Management, Other Transportation & Logistics Applications, Asset Management, Sales & Marketing Optimization, Customer Experience Management, Other Retail & E-commerce Applications, Tracking & Planning, Safety & Security, Risk Management, Other Government & Defense Applications, Other Travel & Tourism Applications, Other IT & Telecom Applications, Other BSFI Applications |
| Countries Covered | Asia-Pacific (China, Japan, India, Singapore, South Korea, Australia & New Zealand, Thailand, Taiwan, Indonesia, Philippines, Malaysia, Vietnam, Rest of Asia-Pacific) |
| Key Companies | Google LLC, TomTom N.V., Mapbox, Inc., Autodesk, Inc., Cisco Systems, Inc., Trimble Inc., Qualcomm Technologies, Inc., Pitney Bowes Inc., Hexagon AB, Microsoft Corporation, CartoDB Inc., TIBCO Software Inc. |
Report overview
Segments covered: offering, deployment mode, organization size, sector. Regions: Asia-Pacific.
The growth of the Asia-Pacific location intelligence market is mainly driven by the proliferation of location-based solutions in the retail sector, the growing use of spatial data and analytics across industries, and the increasing need for asset management in the industrial sector. However, dynamic government regulations for location-based services and the lack of awareness and spatial intelligence expertise in the region are factors restraining the growth of this market.
Furthermore, the growing adoption of drones for various applications and constant upgrades in mapping and navigation solutions are expected to generate growth opportunities for the players operating in this market. However, high procurement and implementation costs and security, privacy, and accuracy issues pose major challenges to market growth. Additionally, the use of 5G technology for improved real-time analysis and the development of GIS software using AR/VR technologies are prominent trends in the Asia-Pacific location intelligence market.
Report infographic
The Increasing Need for Asset Management in the Industrial Sector Boosting the Demand for Location Intelligence in Asia-Pacific
An asset management system is a framework that facilitates the use of business software, applications, and infrastructure to enable strategic asset planning and management. It helps enterprises make decisions on buying, selling, and holding assets based on risk tolerance and investment objectives. Asset management refers to the systematic process of acquiring, operating, maintaining, and disposing of physical assets efficiently and cost-effectively. It involves optimizing asset performance, reliability, and lifespans to maximize returns on investments. It can encompass a wide range of financial instruments and strategies and is essential for wealth preservation and growth.
Various industries use asset management systems to improve cost efficiency, optimize resource use, reduce wastage, and minimize downtimes. These systems increase cost savings and enable regular monitoring and maintenance of assets to ensure that they operate at peak efficiency, reducing the risk of breakdowns and expensive repairs. Asset management helps identify and mitigate risks associated with asset failure or depreciation, ensure business continuity, and extend the lifespan of equipment, reducing the need for frequent replacements and associated costs. Asset management can help industries reduce their environmental footprint by optimizing resource usage and minimizing waste. These benefits have increased the focus on asset management across industries, boosting the demand for location intelligence in Asia-Pacific.
Table of contents
12 chapters · 139 sections · 243 pages · click to expandSegmental analysis
| Segment | Largest share (2023) | Fastest growth (2023–2030) |
|---|---|---|
| By Sector | — | Retail & e-commerce |
By Sector
- The retail & e-commerce segment is projected to register the highest CAGR during the forecast period.
- The growing use of retail asset management tools, the increasing need for supply chain management in the retail sector, the increasing popularity of location-based survey & feedback collection tools, and the rising need for location data for targeted marketing campaigns are expected to support the growth of this segment.
Geographic analysis
Asia-Pacific
Largest shareIn 2023, China is expected to account for the largest share of the Asia-Pacific location intelligence market, followed by Japan, India, Singapore, South Korea, Australia & New Zealand, Taiwan, Indonesia, Thailand, the Philippines, Malaysia, Vietnam, and the Rest of Asia-Pacific. Also, China is projected to register the highest CAGR during the forecast period. The increasing deployments of map-based platforms across Chinese organizations, the high penetration of mobile devices, the large customer base for consumer solutions, and the rising need for location data for targeted marketing campaigns are expected to support the growth of this market. China to Dominate the Asia-Pacific Location Intelligence Market in 2023
Competitive landscape
- Google LLC
- TomTom N.V.
- Mapbox, Inc.
- Autodesk, Inc.
- Cisco Systems, Inc.
- Trimble Inc.
- Qualcomm Technologies, Inc.
- Pitney Bowes Inc.
- Hexagon AB
- Microsoft Corporation
- CartoDB Inc.
- TIBCO Software Inc.
Frequently asked questions
The Asia-Pacific location intelligence market is projected to reach $24.6 billion by 2030, at a CAGR of 15.4% during the forecast period.
Cite this report
Meticulous Research. (2023). Asia-Pacific Location Intelligence Market - Opportunity Analysis and Industry Forecast (2023-2030) (Report No. MRICT - 1041025). Meticulous Market Research Pvt. Ltd. https://www.meticulousresearch.com/product/asia-pacific-location-intelligence-market-5708