Opportunities in Location Based Services Market

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September 11, 2013 - 12:18pm

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The global location-based services market is enjoying an incredible growth in the market (http://www.marketresearchreports.com/) as the various business models are establishing themselves and allowed new players to focus their efforts in encompassing wide range of products. An internet service and a mobile device allows location-based services including mapping, local search, navigation, entertainment, social networking. The combination of smartphone proliferation and the surge of applications storefront has launched new developments in hybrid positioning technologies to help drive revenues to the tune of more than US $12.7 billion by 2014 in mobile location-based services, according to Juniper Research.

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