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The location-based services procurement category is projected to grow at a CAGR of 9.66% during 2023-2027. The prices are outlined to rise by 4%-7% during the forecast period and suppliers will have a Moderate bargaining power in this market. Apple Inc., Alphabet Inc., and International Business Machines Corp. are a few of the key suppliers in the location-based services market.
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This report offers detailed insights and analysis of the major cost drivers, volume drivers, and innovations of the location-based services procurement and sourcing market, which the global suppliers have been leveraging to gain a competitive edge across regions. Some of the leading location-based services suppliers profiled extensively in this report include:
Furthermore, this location-based services procurement market report provides a detailed analysis of procurement strategies deployed by major category end-users across several industries while sourcing for location-based services requirements. In addition, most adopted and high-potential pricing models considered by buyers have been analyzed in this report, which will help understand business scopes for revenue expansion. These data will assist buyers in realizing cost savings and identifying business strategies to improve sales.
The location-based services procurement market report provides a detailed analysis of various supplier selection criteria, RFX questions, supplier evaluation metrics, and the service level agreements that the buyers should consider adopting to achieve significant cost savings, streamline the procurement process, and reduce category TCO while sourcing for location-based services requirements.
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The report provides a detailed insight into the most adopted procurement strategies by buyers across industries and an analysis of these strategies with respect to innovation, regulatory compliance, quality, supply, and cost. Adoption of these procurement strategies will enable the buyers to reduce category TCO and achieve cost savings while sourcing for location-based service requirements.
The report discusses in detail each pricing model and the pros and cons attached to every pricing model prevalent in the market. Also, the report provides insights with respect to the category supply chain and the margins of various suppliers within the supply chain. These market analysis data will enable the buyers to make informed strategic sourcing decisions. Buy the full location-based services procurement market report now to get comprehensive details on pricing models
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To optimize the value of the purchase, it is crucial to keep track of current and future price trends. Price forecasts are beneficial in purchase planning, especially when supplemented by the constant monitoring of price-influencing factors. During the forecast period, the market expects an incremental spend of USD 144.01 billion due to various market drivers prevalent across multiple regions. Also, the report speaks about various cost-saving factors through analysis of the below factors:
The location-based services market will register an incremental spend of about USD 144.01 billion during the forecast period. However, only a few regions will drive the majority of this growth. Moreover, on the supply side, North America, Europe, and APAC will have the maximum influence owing to the supplier base. The growth is expected to be primarily driven by increasing demand and adoption of the category across those few regions. To get a detailed analysis of the volume drivers that are driving the adoption of the category across regions, buy the full report now!
The drivers and inhibitors that influence these global and regional outlooks are elaborated on in detail in this procurement report. Our in-depth growth decomposition analysis covers details on:
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A targeted strategic approach to location-based services sourcing will provide several opportunities. However, in the absence of actionable intelligence on location-based services, buyers may end up focusing on a tactical sourcing strategy without any focus on cost-saving opportunities. Hence, this report focuses on category management initiatives such as top-line growth, scalability of inputs, and green initiatives, which will assist buyers in formulating a strategic procurement strategy
The report explains the following key category management objectives that should form the base for sourcing strategy.
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In addition to helping buyers identify the strategic goals and initiatives for category management, the report also has detailed insights into the most outsourced category management activities and category enablers which can simplify the procurement process for buyers.
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Scope of Location-Based Services |
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Report Specs |
Details |
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Page number |
126 |
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Base year |
2022 |
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Forecast period |
2023-2027 |
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Spend growth (CAGR) |
9.66% |
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Incremental spend |
USD 144.01 billion |
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Pricing growth outlook |
4%-7% |
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Pricing models |
User-based pricing, Subscription-based pricing, and Perpetual license pricing |
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Supplier selection scope |
TCO of services, Recognition and Credibility, High level of data security measures, and Capability of technological advancements |
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Supplier opportunities |
Top-line growth, Scalability of inputs, Green initiatives, Supply base rationalization, Demand forecasting, and governance, Minimalization of ad hoc purchases, and Adherence to regulatory nuances |
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Supplier selection criteria |
Business needs, Technical specifications, Operational requirements, Security compliance, Regulatory mandates, Legal requirements, Quality control, Pricing models, Penalty clauses, SLA nuances, Acceptance criteria, Evaluation criteria, and Working environment |
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Category management scope |
Top-line growth, Scalability of inputs, Green initiatives, Supply base rationalization, Demand forecasting, and governance, Minimalization of ad hoc purchases, and Adherence to regulatory nuances |
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Top suppliers |
Apple Inc., Alphabet Inc., International Business Machines Corp., Microsoft Corp., Qualcomm Inc., Oracle Corp., AT and T Inc., and TomTom NV |
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Market dynamics |
Regional category spending in terms of percentage with respect to North America, South America, Europe, Middle East Africa, and APAC and global category spending and CAGR in terms of percentage over a span of 5 years. |
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Customization scope |
We can create customized sourcing/procurement reports with specific requirements for your business. |
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