This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here

Thursday, 26 November 2015

Location-based analytics market 'worth $9bn in five years'

US— The location-based analytics market is set to overcome privacy concerns and grow to reach $9bn in value by 2016, according to technology MR agency ABI Research.

ABI acknowledged that the use of geo-location tracking technology in mobile devices is currently under “intense scrutiny” but reckons this will not get in the way of the market blossoming in the future.

Senior analyst Patrick Connolly said: “This temporary debate will not prevent the future success of location-based services, marketing and advertising, all of which will be based on location analytics – the aggregation and analysis of location information to identify trends that will enable new services and more effective advertising.”

The firm said that the “real power” of location-based services will come from a combination of analytics and advertising, when consumers can be anonymously targeted through social, geographic, physical and emotional indicators.

Practice director Dominque Bonte added: “While the location analytics market is relatively new, it has been evolving for a number of years and has been the major driver for recent location-related acquisitions by the likes of Apple, Google, Nokia, Facebook and Microsoft. Eventually, location will become commoditised and will be treated as just another piece of demographic information. Consequently, location analytics will become the core provider of value in location-based advertising.”

The full report can be purchased from ABI Research here.

Follow us on
Follow us on Twitter

Have your say

Please add your comment. You can include links, but HTML is not permitted.
Your email address will not be displayed on the site. All comments are moderated.

Mandatory What are the first and third letters of the word: accident