Market Revenue Location of Things Industry Demand, Trends

Location of Things Industry Competitive Environment,
Application, Share Till 2025
“Location of Things Market size was valued at USD 5,562.1 million in 2016 and
is expected to reach USD 71.6 billion by 2025, with a CAGR of 34.07%.”
The global Location of Things Market size was valued at USD 5,562.1 million in 2016 and is expected to reach
USD 71.6 billion by 2025, with a CAGR of 34.07%. The location of things market by indoor type includes indoor
location and outdoor location. Business has changed color from the stereotype to a more vibrant and inclusive
role thanks to penetrative power of internet and rolling out of Internet of Things (IoT) between devices. Internet
of Things (IoT) convergence has extended beyond the ordinary to foster growth in a similar market-intensive
identity named Location of Things (LoT) market giving detailed and incisive insights in social-media management
(SMM) monitoring to real-time asset maintenance and there is no stopping growth in location of things market.
Expansion has led to device expression and remote location based authorization of device parameters and
device-prioritization for instance covering connected cars, connected home, smart city, mobile advertising and
ambient intelligence boosting technological upgrades in LoT market.
Right from wearables and smart watches down to far-away vending machines, Internet of things has made a
global impact in feeding user with health warnings and fitness-criteria down to customer touch points relaying
vehicle-breakdown information with help of arithmetic program interface (API) wizards. This has set norms in
industry growth with location of things. Advertising in every nook of the city with out of home (OOH) technology
and IoT is gaining root. Traditional outmoded banner advertising becoming a tad unpopular, Location of things
and IoT has left its indelible mark in famed hallmarks of advertising. The location of things market by application
includes navigation type, location based customer engagement and advertising platform.
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