The location-based services (LBS) market is expected to reach $239.7 billion by 2029, at a CAGR of 15.2% during the forecast period of 2022 to 2029. The growth of the location-based services market is driven by the growing significance of location-based services in strategic planning and crime analysis, the increased utilization of location-based services for strengthening the agriculture sector, the proliferation of location-based services in the retail sector, and the integration of location-based services for developing high-definition maps for autonomous vehicles.

Here are the top 10 companies operating in location-based services (LBS) market: 

HERE International B.V. (Netherlands)

Here International B.V. is a leading location data and technology platform provider that enables businesses, consumers, cities, and governments to turn location data into value quickly and efficiently at a scale. The company provides solutions for use cases such as autonomous vehicles, digital twins, and smart city infrastructure that rely on precise location data.

HERE International has 8,167 employees across 56 countries, and the company is backed by a group of leading players such as Audi, BMW, Bosch, Continental, Daimler, Intel, Mitsubishi Corporation, NTT, and Pioneer. The company’s largest industry is the automotive industry, where its map data is used in more than 150 million vehicles globally. The company’s offerings cater to various industries, including automotive, transport and logistics, technology, media, telecommunications, retail, public sector, finance & insurance, manufacturing, accommodation & food services, utilities, healthcare, and consumer electronics.

Furthermore, the company provides support from map customization to location applications, visualization & business analysis, tracking assets and capital goods, and providing support to autonomous vehicles. It provides solutions for several use cases, such as connected driving, fleet management, supply chain, urban mobility, consumer engagement, and 5G network planning.

Google LLC (U.S.)

Google LLC is an American multinational technology company that provides several location-based service platforms. The company provides methods and systems relating to location-based services such as social networking, demographic information, mobile tracking, and location navigation systems. Google LLC provides location-based social software for mobile devices. It offers platforms in several areas, including location-based advertising, fleet management, mapping & navigation, local search & information, google beacons & proximity marketing, and an asset tracking platform. The company operates through three segments: Google Services, Google Cloud, and Other Bets.

The company has its presence across the U.S., EMEA, APAC, and other Americas through its subsidiaries and a strong distribution network. Some of its subsidiaries are YouTube (U.S.), Fitbit (U.S.), Firebase (U.S.), Google Ado (U.S.), and Kaggle (U.S.). As of 2020, the company had a headcount of 135,301 employees worldwide.

TomTom N.V. (Netherlands)

TOMTOM N.V. is a leading mapmaker that provides location technology for drivers, carmakers, enterprises, and developers. The company provides highly accurate maps, navigation software, real-time traffic information, and APIs for smart mobility applications. As a leading independent location technology specialist, TomTom marked decades of experience in the world’s most innovative mobility technologies, such as navigation software for multiple car brands, APIs and SDKs for leading technology companies, maps for navigation, and traffic and hazard data for several consumers.

The company provides its customers with a location platform with the most up-to-date and relevant geographic content and mobility technologies, including maps, navigation software, connected services, and APIs. The company offers solutions for applications such as automotive, fleet management and logistics, mobility and on-demand, road traffic management, and location intelligence.

The company operates through two segments: Location Technology and Consumer Electronics. Through its Location Technology segment, the company provides maps, navigation software, and services to be integrated into customers’ applications through two sales channels: Automotive and Enterprise. The Consumer Electronics segment offers drivers navigation, including directions, guidance, and route planning information. Furthermore, the company offers portable navigation devices and mobile applications to enable smarter driving decisions.

With its subsidiaries and a strong distribution network, the company has its presence across North America, Europe, Asia-Pacific, and the Middle East & Africa. Some of its subsidiaries are TomTom WORK GmbH (Germany), TomTom, Inc. (U.S.), Autonomos GmbH (Germany), ilocal Holding BV (Netherlands), Gestion Electronica Logistica S.L. (Spain), and Tomtom International B.V. (Netherlands). As of 2020, the company had a headcount of 57,000 employees worldwide.

Apple Inc. (U.S.)

Apple Inc. is a global provider of location-based services, solutions, and platforms. Apple devices are leveraging technologies such as Global Positioning System (GPS), Bluetooth beacons (where available), crowd-sourced Wi-Fi hotspots, and cell tower locations to provide location-based services. Furthermore, it provides location services on iOS, iPadOS, watchOS, and macOS platforms.

It provides location-based system services such as routing and traffic, location-based suggestions, location-based alerts, system customization, apple pay merchant identification, and emergency calls & SOS. The company provides its solutions to several industries, including education, healthcare, and government. The company operates through five segments: iPhone, MAC, iPad, Wearables, Home and Accessories, and Services.

The company has its presence across the Americas, Europe, Greater China, Japan, and the Rest of Asia-Pacific through its subsidiaries and a strong distribution network. Some of its subsidiaries are Beats Electronics (U.S.), NextVR, Inc. (U.S.), Beddit (Finland), InVisage Technologies (U.S.), Mobeewave Inc. (U.S.), and PrimeSense (Israel). As of 2020, the company had a headcount of 147,000 employees worldwide.

Microsoft Corporation (U.S.)

Microsoft provides azure location-based services, including a set of APIs that provide mapping, search, routing, traffic, and time zones available through Azure. The company provides solutions for various applications, including location-based advertising, fleet management, mapping & navigation, local search & information, proximity marketing, and asset tracking. Furthermore, it provides solutions for location intelligence, location data, routing, and logistics services.

The company operates through three segments: Productivity & Business Processes, Intelligent Cloud, and Personal Computing. With its subsidiaries and a strong distribution network, the company has its presence across the U.S. and Other Countries. Some of its subsidiaries are LinkedIn Corporation (U.S.), GitHub (U.S.), Nuance Communications (U.S.), Yammer (U.S.), Skype Technologies (U.S.), and RiskIQ (U.S.). As of 2020, the company had a headcount of 163,000 employees worldwide.

“Meticulous Research in its latest publication on Water and Location-based Services (LBS) Market has predicted the growth of 15.2% during the forecast year 2022-2029”

AT&T INC. (U.S.)

AT&T Inc. is a global provider of location-based service platforms. The company provides several platforms such as location-based messaging, AT&T secure family, HARMAN spark, AT&T store locator, location-based marketing service, and location tracking wearable devices. The company provides sophisticated GPS tracking solutions, hardware, software, and support services for GPS fleet tracking. Furthermore, it offers advanced GPS tracking software and IoT devices that track vehicles and assets in near real-time.

The company operates through four segments: Communications, WarnerMedia, Latin America, and Corporate and Other. With its subsidiaries and a strong distribution network, the company has its presence across the U.S., Europe, Mexico, Brazil, Latin America, Asia-Pacific, and other countries. Some of its subsidiaries are AT&T Communications Inc. (U.S.), Cricket Wireless (U.S.), BellSouth (U.S.), Xandr (U.S.), Vrio Corporation (U.S.), and AT&T Mexico (Mexico). As of 2020, the company had a headcount of 230,760 employees worldwide.

Zebra Technologies Corporation (U.S.)

Zebra Technologies is a global provider of location and tracking technology solutions. The company’s solutions are categorized into zebra location and tracking technology solutions, zebra motionworks location solutions, zebra motionworks asset, zebra motionworks warehouse, zebra motionworks material, and zebra motionworks sport.

The company offers specialty printing and supplies solutions, barcode scanning, mobile computing & rugged tablets, RFID and real-time location systems (RTLS), intelligent workforce management and execution, data services & prescriptive analytics, managed and professional services, and intelligent automation systems. Furthermore, the company provides end-to-end solutions featuring hardware that captures data (including DART UWB Active RFID, WhereNet Active RFID, Bluetooth low energy technology, Passive RFID, and 3rd-party locate sensing hardware).

The company operates through two segments: Asset Intelligence & Tracking and Enterprise Visibility & Mobility. With its subsidiaries and a strong distribution network, the company has its presence across North America, EMEA, Asia-Pacific, and Latin America. Some of its subsidiaries are Zebra Retail Solutions, LLC (U.S.), Reflexis Systems (U.S.), Telxon Corporation (U.S.), Profitect Inc. (U.S.), Temptime Corporation (U.S.), and LaserBand (U.S.). As of 2020, the company had a headcount of 8,800 employees worldwide.

Trimble, Inc. (U.S.)

Trimble Inc. is a leading technology solution provider that enables professionals and field mobile workers to improve or transform their work processes. The company provides positioning, modeling, connectivity, and data analytics solutions that enable customers to improve productivity, quality, safety, and sustainability. The integration of sensors, software, connectivity, and information in the product portfolio offers a unique ability to provide an information model specific to the customer’s workflow.

Furthermore, Trimble offers software products & services ranging from embedded real-time firmware to application software that integrates field data with large-scale enterprise back-office applications. The company provides comprehensive solutions across various sectors, including architecture, building construction, civil engineering, geospatial, survey & mapping, agriculture, natural resources, utility, transportation, and government.

The company operates through four segments: Building & Infrastructure, Geospatial, Resources & Utilities, and Transportation. The Buildings and Infrastructure segment primarily serves customers working in architecture, engineering, construction, and operations and maintenance. The Geospatial segment primarily serves customers working in surveying, engineering, and government. The Resources & Utilities segment primarily serves customers working in agriculture, forestry, and utilities. The Transportation segment provides capabilities for the long-haul trucking and freight shipper markets to create a connected supply chain and integrate all forms of transportation, drivers, back-office management, shippers, and freight.

With its subsidiaries and a strong distribution network, the company has its presence across North America, Europe, Asia-Pacific, and the rest of the world. Some of its subsidiaries are Plancal GmbH (Germany), Sitech (Netherlands), Trimble MAPS (U.S.), Kuebix (U.S.), Stabiplan BV (Netherlands), and TMW Systems (U.S.).As of 2020, the company had a headcount of 11,402 employees worldwide.

Hexagon AB (Sweden)

Hexagon AB is a global leader in digital reality solutions, combining sensor, software, and autonomous technologies. The company’s solutions are categorized into real-time location intelligence solutions, autonomy & positioning solutions, geospatial solutions, defense & intelligence solutions, and reality capture solutions. The company offers solutions via several divisions such as Agriculture, Autonomy & Positioning, Geospatial, Geosystems, Manufacturing Intelligence, Mining, PPM, Safety & Infrastructure, and Xalt Solutions.

The company operates through two segments: Industrial Enterprise Solutions and Geospatial Enterprise Solutions. The Geospatial Enterprise Solutions (GES) segment offers a world-leading portfolio of reality-capture sensors—from laser scanners, airborne cameras, and UAVs (unmanned aerial vehicles) to monitoring equipment, mobile mapping technologies, and precise positioning. The Industrial Enterprise Solutions (IES) segment offers metrology systems incorporating the latest sensor technology for fast and accurate measurements. These solutions include technologies such as coordinate measurement machines (CMM) and laser trackers and scanners for optimizing design, processes & throughput in manufacturing facilities and CAD (computer-aided design), CAM (computer-aided manufacturing), and CAE (computer-aided engineering) software.

With its subsidiaries and a strong distribution network, the company has its presence across the Americas, Europe, EMEA, and Asia. Some of its subsidiaries are Brown & Sharpe Precizika (Lithuania), Hexagon Holdings Inc. (U.S.), Hexagon Automation AB (Sweden), Hexagon Foervaltning AB (Sweden), Hexagon Metrology AB (Sweden), and Hexagon Polymers AB (Sweden). As of 2020, the company had a headcount of 20,343 employees worldwide.

Qualcomm Incorporated (U.S.)

Qualcomm Incorporated is a leading developer of Assisted-GPS (A-GPS), Assisted Global Navigation Satellite System (A-GNSS), and WLAN positioning technologies. The location-based services offered by the company support multiple constellations for A-GNSS, including GPS, GLONASS, Galileo, NavIC, and BeiDou; Wi-Fi-based and Bluetooth-based positioning for WLAN, including Wi-Fi RSSI (received signal strength indication) and Wi-Fi RTT (round-trip time) signals for indoor location; observed time difference of arrival positioning for LTE access and third-party inertial sensors.

The company also develops and commercializes key technologies used in mobile and other wireless devices. The company operates through three segments: Qualcomm CDMA Technologies, QualcommTechnology Licensing, and Qualcomm Strategic Initiatives. With its subsidiaries and a strong distribution network, the company has its presence across the Americas, EMEA, and Asia. Some of its subsidiaries are Qualcomm Atheros (U.S.), Qualcomm Technologies (U.S.), Twenty Billion Neurons GmbH (Germany), Qualcomm MEMS Technologies Inc. (U.S.), Sirf Technology Inc. (U.S.), Qualcomm India Private Limited (India), and Airgo Networks (U.S.). As of 2020, the company had a headcount of 41,000 employees worldwide.

Authoritative Research on the Location-based Services (LBS) Market – Global Opportunity Analysis and Industry Forecast (2022-2029)

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• Recent financial performance
• Key products
• Significant company strategies
• Partnerships and acquisitions
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