Location-Based Service (LBS) Market Analysis
According to a research report "Location-Based Services (LBS) and Real-Time Location Systems (RTLS) Market with COVID-19 Impact Analysis, by Component (Platform, Services, and Hardware), Location Type (Indoor and Outdoor), Application, Vertical and Region - Global Forecast to 2026" published by MarketsandMarkets, the global Location-Based Service (LBS) and Real-Time Location Systems (RTLS) market size expected to grow USD 20.0 billion in 2021 to USD 48.5 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 19.4% during the forecast period. The Location-Based Service (LBS) and Real-Time Location Systems (RTLS) market is growing due to Proliferation of social media, smartphones, and location-based applications among consumers.
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