Latin America Location Based Services Market Size & Outlook
Latin America location based services market highlights
- The Latin America location based services market generated a revenue of USD 2.3 billion in 2025.
- The market is expected to grow at a CAGR of 14.6% from 2026 to 2033.
- In terms of segment, hardware was the largest revenue generating component in 2025.
- Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2025 | USD 2.3 billion |
| Market revenue in 2033 | USD 6.9 billion |
| Growth rate | 14.6% (CAGR from 2026 to 2033) |
| Largest segment | Hardware |
| Fastest growing segment | Hardware |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Hardware |
| Key market players worldwide | Google LLC, ALE International, Microsoft Corporation, IBM Corporation, Cisco Systems, Inc., Qualcomm Technologies (QITC), Oracle Corporation, HERE Technologies, TomTom NV, Zebra Technologies Corp Class A, Ericsson, Foursquare, MapmyIndia, Esri, Sensewhere |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.2% of the global location based services market in 2025.
- Globally, North America is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 36.6 billion by 2033.
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Location Based Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Sensewhere | View profile | 11-50 | Edinburgh, Edinburgh, City of, United Kingdom, Europe | http://www.sensewhere.com/ |
| Qualcomm Technologies (QITC) | View profile | - | - | |
| MapmyIndia | View profile | 501-1000 | New Delhi, Delhi, India, Asia | http://www.mapmyindia.com |
| Ericsson | View profile | 10001+ | Kista, Stockholms Lan, Sweden, Europe | https://www.ericsson.com |
| HERE Technologies | View profile | 5001-10000 | Eindhoven, Noord-Brabant, The Netherlands, Europe | https://www.here.com |
| IBM Corporation | View profile | - | - | - |
| Oracle Corporation | View profile | - | - | - |
| Microsoft Corporation | View profile | - | - | - |
| ALE International | View profile | - | - | - |
| Cisco Systems, Inc. | View profile | - | - | - |
| Google LLC | View profile | - | - | - |
| Foursquare | View profile | 251-500 | New York, New York, United States, North America | https://foursquare.com |
| Esri | View profile | 5001-10000 | Redlands, California, United States, North America | https://www.esri.com |
| TomTom NV | View profile | 3700 | De Ruijterkade 154, Amsterdam, Netherlands, 1011 AC | https://www.tomtom.com |
| Zebra Technologies Corp Class A | View profile | 9750 | 3 Overlook Point, Lincolnshire, IL, United States, 60069 | https://www.zebra.com |
Latin America location based services market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to location based services market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 117.39% in 2025. Horizon Databook has segmented the Latin America location based services market based on hardware covering the revenue growth of each sub-segment from 2021 to 2033.
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Our clientele includes a mix of location based services market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America location based services market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America location based services market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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