APAC Location Analytics Market size is set to reach USD 8 billion by 2026, according to a latest forecast report by Graphical Research.
The Asia Pacific location analytics industry growth is attributed to strong credit growth, steady economic growth, and decent labor markets. The smartphone industry in Asia Pacific is growing owing to the huge demand for both low-cost and high-end smartphones. This high demand of smartphones has aided the market growth of location analytics in the APAC region.
The geocoding and reverse geocoding solutions segment is expected to grow considerably from 2020 to 2026. Geocodes assist businesses to analyze customers, competitors’ market analysis, and risk assessment for targeting, portfolio management & network investments to identify challenges and opportunities.
The managed service segment is estimated to witness over 20.4% CAGR from 2020 and 2026. Companies offer various managed services such as software upgrades and cloud infrastructure maintenance along with online support for end users. With such services, organizations can easily manage their business-critical geospatial applications while benefiting from the lower infrastructure cost.
Browse detailed statistical insights from the report, “Asia Pacific Location Analytics Market Size By Location Positioning (Outdoor Positioning, Indoor Positioning), By Component (Solution [Geocoding & Reverse Geocoding, Thematic Mapping & Spatial Analysis, Reporting & Visualization], Service [Professional Service, Managed Service]), By Application (Risk Management, Customer Experience Management, Remote Monitoring, Supply Chain Planning & Optimization, Emergency Response Management, Location Selection & Optimization), By Industry Verticals (Transportation & Logistics, Retail, BFSI, IT & Telecom, Healthcare, Energy & Utilities, Manufacturing), Research Report, Country Outlook (China, Japan, Australia & New Zealand, India, South Korea), Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020 - 2026” along with the table of contents (ToC) @
The Australia location analytics market is projected to register exponential growth through 2026 owing to the increasing demand for location-based data from end-user industries such as energy & utilities, healthcare, and retail. As the IT sector in the country is under development, the Australian government is focused on implementing strategic initiatives to attract foreign investors to invest in the IT sector and provide a sustainable solution. For instance, in October 2020, Accenture acquired Zag, an SAP and cloud solutions technology company. This acquisition helped Accenture to expand its digital transformation capabilities and meet the increasing demand for cloud & SAP products.
Companies operating in the market are focusing on partnerships and innovations. For instance, in September 2020, Microsoft extended its partnership with Telstra, an Australian telecommunications company. Through this partnership, both companies have developed an innovative cloud-based solution across multiple industries.
Some of the key vendors in the market include Alteryx, Inc., Cisco Systems, Inc., Esri Global, Inc., Google LLC., HERE Global, B.V., Hexagon AB, IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, TomTom B.V., and Zebra Technologies Corporation.
The APAC location analytics market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2015 to 2026 for the following segments:
Asia Pacific Market, By Component
- Geocoding & Reverse Geocoding
- Thematic Mapping & Spatial Analysis
- Reporting & Visualization
- Professional Service
- Managed Service
- Asia Pacific Market, By Location Positioning
- Outdoor Positioning
- Indoor Positioning
- Asia Pacific Market, By Application
- Risk Management
- Customer Experience Management
- Remote Monitoring
- Supply Chain Planning & Optimization
- Emergency Response Management
- Location Selection & Optimization
- Asia Pacific Market, By Industry Vertical
- Transportation & Logistics
- IT & Telecom
- Energy & Utilities
The above information has been provided for the following countries:
- Asia Pacific
- Australia & New Zealand
- South Korea