The Power of Location: Exploring the Location-Based Services Industry
The location-based services market was estimated at USD 53.2 billion in 2022 and is likely to grow at a CAGR of 21.1% during 2023-2028 to reach USD 168.22 billion in 2028.
A location-based service (LBS) is a collection of services that include mapping and navigation, local search and information, social networking and entertainment, proximity marketing, asset tracking, and others.
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