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Location of Things (LoT) Market Share

Report ID: GMI7311
Published Date: Nov 2023
Report Format: PDF

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Location of Things Market Share

The major players operating in the location of things industry are:

Google, Inc.
Microsoft Corporation
IBM Corporation
Robert Bosch GMBH
Qualcomm Technologies, Inc.
Hexagon AB
Pitney Bowes, Inc.
Trimble, Inc
Oracle Corporation
ESRI

Google and Microsoft dominate the market due to their robust cloud platforms—Google Cloud and Microsoft Azure. Both offer scalable, secure infrastructures supporting location-based services, IoT device management, and seamless integration with geospatial data analytics. Their suite of tools and extensive developer support makes them dominating players in the market.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The Location of Things industry was valued at USD 15.3 billion in 2022 and is estimated to register over 20% CAGR between 2023 and 2032.

The asset tracking and management segment accounted for a market share of over 30% in 2022 and will grow through 2032 due to the increased demand for LoT across various industries.

North America location of things market share accounted for over 30% in 2022 and is slated to register significant growth through 2032 owing to the technological advancements and robust adoption of IoT and location-based services.

Google, Inc., Microsoft Corporation, IBM Corporation, Robert Bosch GMBH, Qualcomm Technologies, Inc., Hexagon AB, Pitney Bowes, Inc., Trimble, Inc, Oracle Corporation, and ESRI.