News

Location-based service revenues in Europe to reach EUR 825 mln by 2017 - report

Tuesday 12 February 2013 09:54 CET | News

Mobile location-based service (LBS) revenues in Europe are set to grow from EUR 325 million in 2012 at a compound annual growth rate (CAGR) of 20.5 percent to reach EUR 825 million in 2017. Additionally, the North American LBS market is set to grow at a CAGR of 9.2 percent from USD 835 million in 2012 to reach USD 1,295 million in 2017, a recent report has revealed.

According to a report issued by research company Berg Insight, 40 percent of all mobile subscribers in Europe use some kind of location-enhanced application on a regular basis. In North America, the larger installed base of GPS-enabled handsets and smartphones has enabled higher uptake of LBS. The report has estimated that about 50 percent of all mobile subscribers in the region now access LBS at least monthly. Local search, social networking and navigation services are the top application categories in terms of number of active users. Mobile workforce management services that aim to improve operational efficiency for businesses are also gaining traction in new industry segments.

Finally, the report has revealed that mobile operators play a more central role in North America than in Europe. However, the operators’ central role in the LBS ecosystem is now being challenged by the smartphone ecosystems that bundle key LBS and give developers access to location data and distribution channels in the form of on-device app stores. Mobile operators are therefore showing renewed interest in offering network-based bulk location data for advertising and analytics, as well as new services such as secure authentication and fraud management.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Location-based service, Europe, report, Berg Insight, North America
Categories: Payments & Commerce
Companies:
Countries: World
This article is part of category

Payments & Commerce