Location of Things (LoT) Market by Top Key
Manufacturers, Company, Region, Application,
Driver, Trends & Forecasts
The global location of things market size was valued at USD 5,562.1 million in 2016 and is expected to reach
USD 71.6 billion by 2025, with a CAGR of 34.07%. The location of things market by indoor type includes
indoor location and outdoor location. Business has changed color from the stereotype to a more vibrant and
inclusive role thanks to penetrative power of internet and rolling out of Internet of Things (IoT) between
devices. Internet of Things (IoT) convergence has extended beyond the ordinary to foster growth in a similar
market-intensive identity named Location of Things (LoT) market giving detailed and incisive insights in
social-media management (SMM) monitoring to real-time asset maintenance and there is no stopping growth in
location of things market.
Expansion has led to device expression and remote location based authorization of device parameters and
device-prioritization for instance covering connected cars, connected home, smart city, mobile advertising and
ambient intelligence boosting technological upgrades in LoT market. Right from wearables and smart watches
down to far-away vending machines, Internet of things has made a global impact in feeding user with health
warnings and fitness-criteria down to customer touch points relaying vehicle-breakdown information with help
of arithmetic program interface (API) wizards. This has set norms in industry growth with location of things.
Advertising in every nook of the city with out of home (OOH) technology and IoT is gaining root. Traditional
outmoded banner advertising becoming a tad unpopular, Location of things and IoT has left its indelible mark in
famed hallmarks of advertising. Machine to Machine dependence enabling internet of things connectivity and
device governance with devices frequently in touch with their counterparts present a full-bloom growth channel
for Internet of Things (IoT) market.