The Latin America, Middle East and Africa Location Intelligence Market would witness market growth of 18.0% CAGR during the forecast period (2022-2028).
Location intelligence allows organizations to process data in real-time by assisting them in analyzing and identifying underlying patterns, linkages, and deep insight that help them make better decisions. Companies can use location monitoring software in order to keep tabs on their staff and what they are up to. Additionally, location data can be used to set spatial borders inside an organization to limit inter-team communication. To stay competitive, market players use inorganic growth techniques including partnerships, global expansion, and mergers and acquisitions.
For example, Wireless Logic purchased Things Mobile, an IoT connectivity company, in July 2021 to boost its position in the European market. Companies invest in research and development to produce technologically superior and distinctive tools to obtain a competitive advantage, in addition to inorganic methods. Companies engage in a variety of technologies in order to obtain information on previous purchases, spending trends, client loyalty, and location. Due to these increasing efforts by various major companies in the sector, the adoption of location intelligence technology is significantly rising.
The rising growth of the BFSI sector is one of the foundations of economic progress since it encourages savings and investment. According to the US Department of Treasury, Sub-Saharan Africa's economy is set to grow at least 4% per year in order to provide productive employment, food, and good income to its rapidly growing population. To accomplish this, the region is emphasizing on increasing productivity, investment, and domestic savings. Domestic savings are progressively increasing in Sub-Saharan Africa, accounting for about 12% of total GDP.
The Brazil market dominated the LAMEA Location Intelligence Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $753.6 million by 2028. The Argentina market is experiencing a CAGR of 18.7% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 17.7% during (2022 - 2028).
Based on Application, the market is segmented into Sales & Marketing Optimization, Asset Management, Remote Management, Customer Management, Risk Management, Facility Management, Workforce Management, and Others. Based on Offering, the market is segmented into Solution and Services (System Integration, Consulting, and Others). Based on End User, the market is segmented into Transportation & Logistics, BFSI, IT & Telecom, Retail & Consumer Goods, Government & Defense, Media & Entertainment, Manufacturing & Industrial, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Location Intelligence Market is Predict to reach $36 Billion by 2028, at a CAGR of 15.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH (Bosch Software Innovations GmbH), Autodesk, Inc., Qualcomm, Inc., Tibco Software, Inc. (Vista Equity Partners), Trimble, Inc., Esri, Inc., Navizon, Inc., SuperMap Software Co., ltd., MDA Corporation, and Cuebiq, Inc.
By Application
By Offering
By End User
By Country
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