Global Market for GPS Navigation and Location Based Mobile Services to Rise to $13.4 Billion in 2014, a CAGR of 51.3%, Acc

VANCOUVER, British Columbia--(BUSINESS WIRE)-- IE Market Research Corporation (IEMR), the Canadian-based provider of market intelligence services, announced today the release of its 3Q.2010 Global GPS Navigation and Location Based Services Market Forecast, 2010 - 2014.

“While growth in the LBS market has not been spectacular in the past, we think that the increasing availability of GPS handsets and location based mobile services applications in the next five years will help accelerate adoption for portable GPS services,” said Nizar Assanie, Vice President (Research) at IEMR. “The introduction of the Android location based services applications are beginning to get consumers used to the convenience offered by portable GPS. This and the fact that 40% of handsets shipped last year had GPS capability leads us to forecast a total addressable global market for GPS Navigation and LBS services to rise by a CAGR of 51.3% to $13.4 billion in 2014.”

IEMR’s forecast provides annual estimates of LBS users, ARPU, total spend and other metrics going out to 2014 for 48 countries and 6 regions in the world. For each country, region, and globally, we provide forecasts for the following categories within the LBS market: Voice-Guided In-Car Navigation, Voice-Guided Pedestrian Navigation, Mobile Maps, Mobile Maps Applications (weather, restaurant guides, traffic, etc.), People Tracking, tracking and tracing (commercial applications), Location Enabled Search and Advertising, and Other LBS Applications (e.g. Proximity-based actuation, Proximity-based notification, etc.). The report is based on IEMR’s Global Consumer Telecommunications Survey-- which covers 50,000 mobile users in 50 markets globally— and is the most extensive country-specific forecasts of its kind.

“The future of GPS navigation and location based services is definitely in Location Enabled Search and Advertising. Location Enabled Search and Advertising will see the biggest growth in terms of market spend, growing at a CAGR of 131% over the next five years to reach $5.9 billion in 2014,” said Mr. Assanie.

To this comprehensive forecast, we are adding a PowerPoint presentation and an audio conference with David Williams, Independent Contributing Analyst at IEMR, CEO of E-911 LBS Globe and formerly Product Manager, LBS Solutions at AT&T. The presentation and audio conference provide our clients with an overview of key trends in the global GPS navigation and location based services market and an overview of exciting developments in this market globally.

To purchase this report, visit our website at: https://www.iemarketresearch.com/Members/Reports/3Q-2010-Global-GPS-Navigation-and-Location-Based-Services-Forecast-2010--2014-Global-market-for-GPS-navigation-and-location-based-mobile-services-to-rise-to-13-4-billion-in-2014-a-CAGR-of-51-3--RID1480-1.aspx

CONTACT:

IE Market Research
Ms. Sue Mcbride, +1 604-327-4367
info@iemarketresearch.com

KEYWORDS:   United States  North America  Canada  California

INDUSTRY KEYWORDS:   Technology  Telecommunications  Satellite  Mobile/Wireless

MEDIA:

Logo