Location Analytics Market Size Worth USD 43.57 Billion in 2028

The global location analytics market size reached USD 14.05 Billion in 2020 and is expected to register a CAGR of 15.3% during the forecast period, according to latest analysis by Emergen Research. Global location analytics market revenue growth is expected to be driven significantly by increasing application of spatial data and analytics across various industries. Increasing use of social networks for customer engagement is also expected to act as a catalyst for revenue growth of the global location analytics market going ahead. Rising demand for geographical predictive analytics is expected to further boost revenue growth of the global location analytics market revenue in the near future.

However, concerns regarding regulations and data privacy of location analytics solutions are expected to hamper growth of the global location analytics market to a certain extent over the forecast period.