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Location-Based Services Market Share

Report ID: GMI12481
Published Date: Dec 2024
Report Format: PDF

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Location-Based Services Market Share

Location-Based Services Market Company Share, 2024

Google LLC, Apple Inc., and Microsoft Corporation collectively held a substantial market share of over 53% in the location-based services industry in 2024. Google LLC, Apple Inc., and Microsoft Corporation dominate the market due to their strong ecosystem integration, providing comprehensive software, hardware, and cloud solutions that power a wide range of industries. Their vast user bases across consumer and enterprise segments ensure they lead in data-driven services, cloud computing, and artificial intelligence. These companies invest heavily in research and development, driving continuous innovation in areas like AI, machine learning, and mobile technologies. They also have global reach, supported by robust digital infrastructures like Google Cloud, Apple’s App Store, and Microsoft Azure. Their dominance is further reinforced by strategic partnerships and acquisitions, ensuring sustained market leadership.

Location-Based Services Market Companies

Major players operating in the location-based services industry are:

Apple
Baidu
Cisco Systems
Google
HERE Technologies
IBM
Magellan GPS
Microsoft
Oracle
Qualcomm Technologies

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The global market size for location-based services was valued at USD 51.3 billion in 2024 and is projected to reach USD 346.3 billion by 2034, driven by a CAGR of 21.6% from 2025 to 2034.

The hardware segment accounted for over 40% of the market share in 2024 and is expected to exceed USD 120 billion by 2034, driven by the increasing demand for physical devices that enable advanced functionality.

China accounted for a market share of above 60% in the Asia Pacific region in 2024 and is expected to exceed USD 72 billion by 2034, driven by its large population and widespread smartphone adoption.

Major players in the industry include Apple, Baidu, Cisco Systems, Google, HERE Technologies, IBM, Magellan GPS, Microsoft, Oracle, and Qualcomm Technologies.