lbs market in the apac region 2015-2019

The Asia-Pacific LBS market is expected to grow at a substantial rate over the next five years. This growth is attributed to factors such as increasing smartphone penetration, growing popularity of social networking apps, and booming tourism industries. Innovation is also a key factor driving this growth. In fact, the Shanghai municipal government launched an integrated development platform for location-based services in 2018. The company is a leading provider of logistics and shipping services.

The study also provides a detailed analysis of the industry and the regional growth prospects.

The report consists of a blend of quantitative and qualitative data from official sources. The report includes semi-structured interviews with market experts, who represent the main players in the region. The report will be delivered within five business days of order confirmation. To avail this report, register for a free trial version or purchase the full-fledged report.

The LBS market in the APAC region is dominated by Asia-Pacific. However, this region is also home to several emerging economies. China and India have a rapidly growing economy. These countries are increasing their investments in LBS and RTLS technology to improve supply chain operations. The governments of these nations are also standardizing the technology in their countries. As a result, the market is expected to grow at a rapid rate.

China is the leading country in the region, with the largest market share.

The APAC region is home to the Beijing Capital International Airport (BCIA), one of the world’s busiest airports. It is primarily owned by Capital Airports Holding Company. The APAC region is expected to grow at a CAGR of 6.37 percent during the forecast period. The region’s growing middle-class population and the trend of seasonal traveling are further propelling the market growth.

The APAC LBS market is highly competitive and is comprised of a range of stakeholders. These stakeholders include LBS device providers, map providers, location-based advertisers, platform providers, application developers, navigation providers, and mobile operators. Youth is a major segment of this market and LBS providers are increasingly entering the market through merger and acquisition deals to tap into this large customer base. The report provides an overview of the key factors driving the market.

The construction market in the APAC region is characterized by high levels of innovation in construction practices and sustainable development of countries. In Singapore, for instance, smart building and mixed-use developments are gaining traction in the region. There is a significant amount of consumer awareness about the benefits of geo-targeted marketing. These two factors will complement each other and drive growth in the hardware segment. And, finally, social media and mobile commerce will further drive the growth of hardware components in this region.