Location Intelligence Market Size, Share & Trends Analysis Report By Component, By Application (Workforce Management, Asset Management), By Location Type, By Deployment, By Vertical, And Segment Forecasts, 2024 - 2030

Research Methodology

A three-pronged approach was followed for deducing the location intelligence market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for location intelligence market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of location intelligence market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Location Intelligence Market Categorization:

The location intelligence market was categorized into four segments, namely application (Workforce Management, Asset Management, Facility Management, Risk Management, Remote Monitoring, Sales & Marketing Optimization, Customer management), service (Consulting, System Integration), vertical (Retail and Consumer Goods, Government & Defense, Manufacturing & Industrial, Transportation & Logistics, BFSI, IT & Telecom, Utilities & Energy, Media & Entertainment),  and region (North America, Europe, Asia Pacific, South America, Middle East & Africa).

Segment Market Methodology:

The location intelligence market was segmented into application, service, vertical, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The location intelligence market was analyzed at a regional level. The global was divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into fifteen countries, namely, the U.S.; Canada; Mexico; the UK.; Germany; France; Spain; Italy; Russia; China; India; Japan; South Korea; Brazil; Argentina.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Location intelligence market companies & financials:

The location intelligence market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• Autodesk Inc., A U.S. based company, Autodesk provides design software and services to clients globally. Its product offerings include AutoCAD, AutoCAD LT, CAM solutions, AutoCAD Civil 3D, Maya, 3ds Max, Revit, BIM 360, Shotgun, and Fusion 360. These software solutions empower customers to create digital prototypes for visualizing, experiencing, designing, analyzing, and simulating real-world performances during the design phase itself. Autodesk accommodates to numerous industries such as architecture, engineering & construction, manufacturing, and digital media & entertainment. The company dispenses its products mainly through a network of distributors and resellers consisting of both one-tiered and two-tiered structures. Autodesk has over 1,700 distributors and resellers worldwide. The company also offers its products directly to customers and enterprises via its online Autodesk portal. Autodesk has offices in the Asia Pacific, Americas, Europe, and Africa & Middle East regions.

• Bosch.IO GmbH, Bosch.IO GmbH deals in designing and expansion of AI-powered IoT solutions that opens ways to new income sources, improve effectiveness, and transform businesses. Bosch Gmbh is the parent company of Bosch.IO Gmbh, which is established by uniting specialized digital teams and IoT at the company. It is also one of the earliest investor business in IoT. Offering design, development, and operational software solutions for various domains, including mobility, healthcare and others, the company partners with around 30000 developers and AI applications. The company comprises of a significant number of developers worldwide indulge in IoT and digitalization activities. The company develops more than one billion devices every year across several industries. The company’s key service and solution offerings include IoT platform for connected agriculture, Business Process Management (BPM) & Business Rules Management (BRM) software, and IoT gateway software, among others.

• ESRI, A Multinational supplier of location-based analytical solution is the Environmental Systems Research Institute (ESRI). Geographic information system software, web-based GIS solutions, and geodatabase management systems is provided by the company. ESRI has various local offices in the U.S. and at the same time also has over 80 universal suppliers that accommodate customers internationally. The company’s solutions such as asset tracking and analysis, facility management, economic development, field service management, logistics and fulfillment, market and customer analysis, performance monitoring, operational efficiency, risk management, real-time location tracking, situational awareness, site analysis and territory planning, and supply chain digitization are used by numerous business and governments worldwide. The progressive analytics and mapping solutions of the company provide authorized accessibility to the demographic data to over 130 countries.

• HERE Technologies, Involved in offerig various mapping data and location-based analytical solutions, HERE technologies empower organisations and individuals. The company is owned by the group of different organisations inckuding, Daimler, BMW, Navlnfo, Intel and Volkswagen Group. Furthermore, to offer business intelligence, server less computing and transportation solutions, HERE technologies have also established startegic collaboration with SAP, Amazon web services and ESRI. The company collects a variety of mapping content from various data sources and licenses mapping content as well as offers location mapping solutions to various organizations. The company has marked a global presence and contains vast content for its location-based solutions, which include maps, navigation services, live traffic, indoor location tracking, and location analytics, among others. The company has offices in several countries, including the U.S., China, India, Japan, Thailand, Singapore, Israel, Russia, France, Poland, Finland, and Germany. The services and product offering of the company is accessible to the customers at various platforms on smartphones and other location services though its application. Various practical implementation techniques are also established by the company in consumer services, enterprise services and automotive services.

• MDA, MDA is a subsidiary of Northern Private Capital Ltd, specializes in providing radar satellite systems, ground systems, imagery, space sensors and robotics, surveillance solutions, electronics and payloads, and defense systems. The company's diverse offerings can be categorized into three main business areas: Geointelligence, Satellite Systems, and Robotics & Space Operations. Some of the products that MDA provides include C4ISR solutions, radar and optical solutions, aviation information systems, geospatial data management solutions, land information solutions, antennas, and satellite ground system solutions. All of these products are developed within Canada.

• Navizon, Inc., Navizon, Inc. is a global Wi-Fi and Cell-ID positioning solutions provider. With that, Accuware, a brand that explicitly aids the indoor location-tracking market was also presented by the company. various technologies to build location-based mobile applications and enterprise applications are leveraged by the business. The cell tower and Wi-Fi based location are used in the products offered by Navizon, Inc. to precisely locate mobile devices worldwide, indoors as well as on floor-level accuracy. The product offered by the company can be used to track, monitor, and examine applications in numerous industry verticals, including logistics, hospitality, gaming, retail, healthcare, and manufacturing. All products offered by the company are SaaS packaged for easy implementation on the client-side. Additionally, customers utilizing Navizon location services include Intel Corporation, 3M, DHL International GmbH, Orange, AT&T Intellectual Property, and LoJack, among others. The company has established a partner network of various technology firms, implementation partners, and application partners.

• Qualcomm Technologies, Inc., The products and technologies used in mobile devices and wireless products are developed and commercialized by Qualcomm Technologies, Inc. There are various products that are offered by the company including RF systems, modems, processors, platforms, and products based on the end-use application. In addition, the company also offers an entire range of pre-packaged, purpose-built, hardware, software, and tools that aid the consumers market in their quick invention. QTL (Qualcomm Technology Licensing), QCT (Qualcomm CDMA Technologies), and QSI (Qualcomm Strategic Initiatives) are the three business segments operated by the company. The QCT (Qualcomm CDMA Technologies) business segment offers integrated circuits and system software used in networking, application processing, wireless voice & data communications, and multimedia & global positioning system products, among others. The company caters to various industries, including automotive, healthcare, manufacturing, telecommunications, transportation, and governments. with 170 offices strategically located in the Americas, South America, Europe, Asia Pacific, and the MEA, the company has marked a global presence

• Supermap Software Co., Ltd., SuperMap Software Co., Ltd. is engaged in providing Geographic Information System (GIS) software and services. The business operates through four business lines, namely Platform Software, Application Software, Cloud Service, and International Business. A complete range of GIS platforms, including Component GIS, Client SDK, Cloud GIS, Mobile GIS, Desktop GIS, and Geo-intelligence services are offered by the company. The core technology portfolio of the business includes Cloud & Client Integration GIS, Big Data GIS, Cross-platform GIS and New generation 3D GIS. The company offers its services in China through 38 offices and has subsidiaries in Tokyo and Hong Kong for international business development. Along with that the company is also present in Asia, Europe, South America, and Africa.

• TIBCO Software, Inc., TIBCO Software, Inc. is a company that delivers multiple software solutions for businesses globally. It provides a diverse range of platforms for integration and analytics. The software aids in managing and comprehending businesses by digitally merging people, data, and systems, allowing better decision-making. The solutions can be deployed either on-premises or in a cloud-based computing environment. TIBCO Software, Inc. delivers business solutions, including application integration, business activity monitoring, case management, connected vehicles, HubSpot integration, hybrid cloud integration, inventory management, risk management, SaaS integration, and salesforce integration. TIBCO Software, Inc. potentially serves over 10,000 customers globally, providing solutions that manage information, processes, and applications. The company serves various industries, such as banking, insurance, retail, manufacturing, and telecommunication. The company has a presence worldwide, with offices located in North America, Africa, South America, Europe, the Middle East, and Asia.

• Trimble, Inc., Trimble, Inc. provides technology solutions to customers worldwide, including GPS receivers, UAVs, navigation systems, and software processing tools. The company operates through four business segments: Buildings & Infrastructure, Geospatial, Resources & Utilities, and Transportation. Its Resources & Utility business segment offers technology systems, guidance & positioning systems, automated & variable rate applications, and information management solutions. Trimble serves various industries such as building construction, architecture, geospatial, civil engineering, agriculture, survey and mapping, natural resources, utilities, government, and transportation. The company has manufacturing, development, and logistics operations in countries such as the U.S., Finland, Sweden, Canada, the U.K., China, and India. The company has sales offices in more than 40 countries worldwide. Moreover, Trimble sells its products and services in over 100 countries through dealers, joint ventures, representatives, and direct sales channels.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Location Intelligence Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Location Intelligence Market Report Assumptions:

• The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.