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(I-SoftwareNews.Com, August 09, 2018 ) Market Overview: -
Location of Things Market set an upsurge owing to the rising significance of spatial data and the use of geospatial data for IoT applications. This geospatial data gives users information regarding an object’s location and when integrated with various other devices, such as sensors, they transform the way people work and live and hence accelerating the Location of Things Market growth. Geospatial information also plays a key role in moving things safely, which boosts the industry demand. For instance, sensors are placed on railway tracks, which assist in managing the rail traffic and keeping an effective spacing of trains, increasing the capacity. Moreover, the recently adopted game Pokemon Go also uses the information provided by the spatial data.
The adoption of location-based applications across various domains is anticipated to grow the location of things market lucratively over the forecast time span. Businesses are using location-based applications to directly communicate with their customers through mobile phones. This has resulted in an increase in the adoption of smartphones and the development of location-based technologies.
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Top Key Players: -
Prominent companies operating in the location of things market include IBM Corporation, Bosch Software Innovations, ESRI, Pitney Bowes, Microsoft Corporation, Qualcomm Technologies, Wireless Logic, Google, and Tibco Software.
Market share calculation in this report is not done based on companies covered in it. The calculation of location of things market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentation: -
North America has the highest share in the location of things market owing to the technological advancements, wide adoption of new technology, the presence of tech savvy entities, and developed IT infrastructure. Furthermore, North America is the home for a large number of domestic vendors, augmenting the location of things market growth.
Asia Pacific is anticipated to grow over the forecast time span due to its growing population and improvement in technology. Countries, such as Singapore and Hong Kong, are major contributors to the growth of the location of things market in this region.
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The governments of various developing and less developed countries are not spending enough funds for the development of roads and this hinders the industry growth. The governments spend huge funds on repair and maintenance work, which leads to budget insufficiencies for the implementation of advanced road technologies. Lack of awareness about such systems is also hampering the road safety market growth.
The advancements in various transportation projects coupled with critical transportation infrastructure offer lucrative opportunities for the road safety market growth. Factors, such as huge spending on roadways, which include bridges, highways, and tunnels further boost the industry growth. Furthermore, measures undertaken to reduce traffic injuries have a positive impact on health such as improved repository health and increased physical activity, which accentuate the industry demand.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Source: EmailWire.Com 
Source: EmailWire.com
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