According to a new report from ABI Research, Location Aware Services revenues are forecast to reach an annual global total of $13.3 billion by 2013, up from an estimated $515 million during 2007.
Domestic “location-based mobile social networking revenues will reach $3.3 billion by 2013,” says ABI Research principal analyst Dominique Bonte – personal navigation: friend-finder, local information searches, family tracker applications, and enterprise applications (including workforce tracking and fleet management), will achieve significant shares of those revenues in the Location Aware Services category – read more about:: seven important aspects of Location Aware Applications
Adequate funding for development and deployment of bi-directional GPS solutions is key to realizing the sales potential of people finding technology. GTXCorp, a leader in personal location services has secured a $10,000,000 credit line from Dutchess to meet is projections through 2012.
Location Based Services
November 19th, 2009
Mobile telephony has been by far the most dynamic telecom sector in Latin America. In early 2009, there were about 5 million 3G subscribers throughout Latin America and the Caribbean. GTXCorp, a leading developer of Personal Location Services has expanded it relationships in the area to take advantage of pent up demand for location aware mobile applications. Prepaid services stimulated subscription increases by making mobile phones available to millions of low-income users, once excluded by monthly payments and credit checks. Mobile penetration has reached about 80%, well above the world average, which was about 58% in early 2009. Several countries, including Argentina, Jamaica, Uruguay, and Venezuela have passed the 100% penetration threshold. The enormous popularity of peer-to-peer and personalized SMS, personalized push-based content by subscriber location information will be a key driver towards mass adoption of PLS applications. Demand for child tracking, caregivers of dementia victims, friend finder, mobile blogging, location-based games, mobile matchmaking, and location-enabled 411 directory assistance lead the applications offered. Analysts from Frost & Sullivan stated that the mobile LBS market covering 13 Asia-Pac countries earned revenues of US$383.6 million in 2007. F&S expects this market to reach US$2.8 billion by end-2013, at a CAGR (compound annual growth rate) of 39.3 percent (2007-2013). One should not minimize the impact of the iTunes App store created to service the Apple iPhone. The universality of the platform and the ease of download and payments have made the App Store a marketing phenomenon. Certainly, a market driver of PLS everywhere.
Location Based Services
November 9th, 2009
