Europe Location Analytics Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 4.17 Billion |
| Market Size (2029) | USD 8.62 Billion |
| CAGR (2024 - 2029) | 15.60 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Location Analytics Market Analysis
The Europe Location Analytics Market size is estimated at USD 4.17 billion in 2024, and is expected to reach USD 8.62 billion by 2029, growing at a CAGR of 15.60% during the forecast period (2024-2029).
Geospatial data analytics, it adds features of place and time to data to make it more understandable. Location analytics is actionable information that assists both the public and corporate sectors in identifying patterns and making strategic decisions. Location analytics in the region would help in critical sectors such as urban planning, transportation, natural disasters, and park preservation, to name a few.
- The location analytics market is anticipated to gain more traction with the development of Artificial Intelligence(AI) and Machine Learning (ML). The next major potential for Europe's sustainable economic growth will come from its dominance in space constellations and national efforts like Digital Strategy Europe and Destination Earth. Hence these technologies will be used in the spatial development of urban areas of the continent.
- Accurate location tracking has improved with the introduction of 5G. 5G location delivers improved precision and permits a higher fingerprint resolution in the database thanks to its usage of millimeter waves and beamforming. This has also improved indoor mapping. Users can get 3D indoor geospatial views of many infrastructure types, including auditoriums, airports, music halls, theaters, factories, buildings housing the government and the general public, malls, and other retail establishments. Also, it was noted, Point-level assignments provide advantages over address-level geocoding.
- In August 2023, Members of EuroGeographics, a non-profit organization for European National Mapping, Cadastral and Land Registration agencies, and the International Cartographic Association (ICA) established a new partnership to emphasize the impact of location. High quality and dependability are the core values of members of EuroGeographics, serving as the national authority for Europe's official high-value geospatial information.
- To lessen the COVID-19 pandemic's effects, the European Data Protection Board (EDPB) published guidelines for using contact tracking software and location data. All digital interventions are covered by Europe's data protection framework, which implies that EU nations and authorities must adhere to legal requirements while creating tracing tools or collecting data for COVID-19-related objectives. Such government regulations would have favorably impacted the market under investigation.
- Security Concerns and privacy are restraining the market growth. Every mobile app with an engaging user interface can provide the user with important information about his whereabouts at all times. Google and other crucial content delivery services are extremely clear about not keeping location information. Nonetheless, a data breach is still possible, which can lead to dangerous circumstances.
Europe Location Analytics Market Trends
Cloud Segment is One of the Factors Driving the Market
- Cloud computing systems are perfect for dynamic applications like Location Intelligence because the data is always changing, and capacity is scalable. More capacity and bandwidth are necessary due to the sheer volume and increasing complexity of location data and images.
- Nowadays, a location component is present in 80% of insurance business data. The need for GIS increases quickly as businesses collect and retain more data. Insurance companies may now address challenges that were previously out of their grasp thanks to the flexible and scalable cloud-based Location Intelligence solutions and the unlimited processing capacity of on-demand solutions.
- Businesses use "pay-as-you-go" subscription models for cloud computing services based on flat rates or system utilization. No long-term software license agreements or capital hardware investments are necessary, and also in October 2023, Amazon Web Services launched AWS European Sovereign Cloud. AWS European Sovereign Cloud would be a new, independent cloud for Europe that offers customers in highly regulated industries and the public sector further choice and flexibility to address evolving data residency and resilience requirements in the European Union (EU). AWS European Sovereign Cloud would allow customers to keep all metadata they create in the EU
- Location intelligence solutions can be accessed by an infinite number of people because of the flexibility and scalability of cloud computing. The cloud architecture also makes intelligent collaboration possible through round-the-clock community computing anywhere and in any time zone. In July 2023, Cloud-based location intelligence platform Addresscloud has partnered with geospatial data and AI solutions provider Skyblu to provide insurers access to address-level perils data for locations across mainland Europe.
Retail is One of the Factors Driving the Market
- The growth of e-commerce has presented several difficulties for offline retailers. Foot traffic in physical stores decreased following the resumption of business, as people preferred shopping online during the pandemic. Companies will need to invest in the correct location for their operations with greater attention if they want to survive this change. By spotlighting underperforming stores and marketplaces, retailers who use location-tracking software will learn which business areas can benefit from further investment.
- The rise of teleworking and people spending more time at home gained local e-commerce. Retailers will be making massive investments toward order fulfillment. Online orders from consumers are increasing due to the popularity of last-mile delivery and curbside pickup services. Integration of technologies like Location Analytics will be necessary to ensure the successful implementation of these services.
- For the research period of 2022, 55% of German retailers intended to prioritize marketing and customer retention initiatives, according to the German Retail Association (HDE), the trade association for German retailers. Over the projected period, it is anticipated that a focus on marketing, business equipment, and e-business would propel the market under study and enable location analytics companies to provide fresh solutions to cater to client wants.
- Automotive is another industry that is thriving with smart innovation as connected cars become the next phase of the industry's rapid digitalization. Retailers of automobiles are also beginning to value location analytics. OnMyWay App, which Mavi created, offers curated shopping to the dashboard of client automobiles. The location, ordering, product recommendations, payment, and pickup coordination capabilities of connected cars with OnMyWay payment capabilities satisfy the expectations of customers making an immediate purchase.
Europe Location Analytics Industry Overview
Due to the existence of numerous companies, the European location analytics market is moderatley competitive. To diversify their product offerings, broaden their geographic reach, and ultimately maintain their competitiveness in the market, the businesses are implementing methods including product innovation, mergers, and acquisitions.
In January 2022, McDonald's Germany teamed with Berlin-based location intelligence startup Targomo to expand further in the country. Companies collaborate with AI location experts to gain insight into the event and identify the reason behind the event. Similarly, this tie-up will help McDonald's to recognize favorable locations for the new establishment.
In April 2022, Real estate consultancy, Reno, partnered with Place Sense, the top location-based company in Europe. Place Sense can help with location selection, property value assessment, tenant mix, benchmarking against rivals, marketing and advertising activity measurement, and more.
In December 2022, OneSoil partnered with Mapbox to launch OneSoil Map, a data visualization and mapping solution that helps farmers quickly visualize and analyze fields.OneSoil measures and analyzes field variability and creates prescriptions for custom seed, fertilizer, and chemical applications, helping farmers achieve higher profits and environmental protection.
Europe Location Analytics Market Leaders
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Microsoft Corporation
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SAS Institute Inc.
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Tableau Software LLC (Salesforce)
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TIBCO Software Inc.
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QlikTech International AB
*Disclaimer: Major Players sorted in no particular order
Europe Location Analytics Market News
- August 2023 - Cisco, one of the leaders in enterprise networking and security, and Nutanix, Inc., a leader in hybrid multi-cloud computing, announced a global strategic partnership to accelerate hybrid multi-cloud deployments by offering the industry's most complete hyper-converged solution for IT modernization and business transformation.
- July 2023 - Esri partnered with Impact Observatory and released a global land-use/land-cover map of the world based on the most up-to-date 10-meter Sentinel-2 satellite data for every year from 2017. Following the latest 2022 data released earlier, the artificial intelligence (AI) model for classification has been improved, making the maps more temporally consistent.
Europe Location Analytics Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
4.4 Assessment of the Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Use of Spatial Data and Analytics in Various Industries
5.1.2 Growing Propensity of Consumers Toward Applications that Use Location Data
5.2 Market Restraints
5.2.1 Data Privacy Issues and Growing Regulations
6. MARKET SEGMENTATION
6.1 By Location Type
6.1.1 Indoor
6.1.2 Outdoor
6.2 By Deployment
6.2.1 Cloud
6.2.2 On-premise
6.3 By End User
6.3.1 BFSI
6.3.2 Retail
6.3.3 Transportation and Logistics
6.3.4 Tourism and Hospitality
6.3.5 Healthcare
6.3.6 Other End User
6.4 By Country
6.4.1 Germany
6.4.2 United Kingdom
6.4.3 France
6.4.4 Rest of Europe
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 Microsoft Corporation
7.1.2 SAS Institute Inc.
7.1.3 Tableau Software LLC (Salesforce)
7.1.4 TIBCO Software Inc.
7.1.5 QlikTech International AB
7.1.6 Google LLC
7.1.7 TomTom International BV
7.1.8 Esri Technologies Ltd
7.1.9 HERE Technologies
7.1.10 Alteryx Inc.
7.1.11 Cisco Systems Inc.
7.1.12 SAP SE
7.1.13 Pitney Bowes Inc.
7.1.14 Hexagon AB
7.1.15 IBM Corporation
7.1.16 Galigeo
7.1.17 CleverAnalytics AS
7.1.18 Lepton Software
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
Europe Location Analytics Industry Segmentation
Location analytics uses data from network devices to analyze the data from a location-specific angle, generate predictions, and adjust business procedures as necessary. It aids companies in evaluating their business plans so they may save costs, find new revenue streams, and make adjustments for improved operational efficiency. Advanced sensors, ultrafast wireless communication, AI image processing, and other new technologies have brought new approaches to asset tracking, environmental control, and consumer behavior analysis.
The European Location Analytics is Segmented by Location Type (Indoor and Outdoor), Deployment Type (Cloud and On-premise), End User (BFSI, Retail, Transportation and Hospitality, Tourism and Hospitality, and Healthcare), and Geography (Germany, United Kingdom, and France). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Location Type | |
| Indoor | |
| Outdoor |
| By Deployment | |
| Cloud | |
| On-premise |
| By End User | |
| BFSI | |
| Retail | |
| Transportation and Logistics | |
| Tourism and Hospitality | |
| Healthcare | |
| Other End User |
| By Country | |
| Germany | |
| United Kingdom | |
| France | |
| Rest of Europe |
Europe Location Analytics Market Research FAQs
How big is the Europe Location Analytics Market?
The Europe Location Analytics Market size is expected to reach USD 4.17 billion in 2024 and grow at a CAGR of 15.60% to reach USD 8.62 billion by 2029.
What is the current Europe Location Analytics Market size?
In 2024, the Europe Location Analytics Market size is expected to reach USD 4.17 billion.
Who are the key players in Europe Location Analytics Market?
Microsoft Corporation, SAS Institute Inc., Tableau Software LLC (Salesforce), TIBCO Software Inc. and QlikTech International AB are the major companies operating in the Europe Location Analytics Market.
What years does this Europe Location Analytics Market cover, and what was the market size in 2023?
In 2023, the Europe Location Analytics Market size was estimated at USD 3.52 billion. The report covers the Europe Location Analytics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Location Analytics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Location Analytics Industry Report
Statistics for the 2024 Europe Location Analytics market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Europe Location Analytics analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
