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Major companies operating in the location intelligence industry are:
These companies are focused on strategic partnerships, new product launches, and commercialization efforts for market expansion. They are also heavily investing in research to introduce innovative products and garner the maximum market revenue.
The system integration and implementation services segment held 44% of the market share in 2023, as businesses and government entities increasingly recognize the value of location data.
North America registered over 34% of the market share in 2023, owing to the presence of advanced technological infrastructure, including 5G networks and IoT deployments in the region.
The market size of location intelligence reached USD 17 billion in 2023 and will witness 15.5% CAGR from 2024 to 2032, due to the increasing demand for telecommunication companies to leverage location data worldwide.
IBM, Cisco, Salesforce, Esri, Zebra Technologies, Google, and Juniper Networks are some of the major location intelligence companies worldwide.