Future Analysis For LaaS Market Forecast By 2020 – 2027

 LaaS Market Scenario:

The detailed report published by Market Research Future (MRFR) projects that the global Global LaaS Market is marked to exhibit remarkable expansion at a CAGR of 32% during the forecast period from 2020 to 2027. the global LaaS Market is also marked to reach the market valuation of USD 99 Bn by the end of the assessment period.

Increased utilization of smartphones and smart devices that are equipped with global positioning systems, rapid expansion of consumer electronics industry, high demand automobiles that are embedded with navigation system, increased reliance of mobility-on-demand applications on global positioning system as their operational platform, and increased affordability of smartphones are majorly propelling the growth of the global LaaS Market during the assessment period.

The crippling effect of the global COVID-19 pandemic has detained the growth potential of the Global LaaS Market. This MRFR report on the LaaS Market indicates critical pointers that may emerge as growth hubs in the future. Moreover, in-depth data analysis is estimated to offer a clearer growth perspective to market participants.

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Segmentation:

·       The LaaS Market has been segmented on the basis of component, connectivity type, technology, deployment, and end users.

·       Based on component, the LaaS Market has been segmented into hardware, software, and others.

·       Based on connectivity type, the LaaS Market has been segmented into wired, wireless and others.

·       Based on technology, the LaaS Market has been segmented into GPS, GPRS, RFID, GIS, and others.

·       Based on deployment, the LaaS Market has been segmented into on cloud, on-premises, and others.

·       Based on end users, the LaaS Market has been segmented into consumer electronics, government, BFSI, retail, transportation, automotive, healthcare, and others.

 

Competitive Outlook:

 

The key market players profiled by Market Research Future (MRFR) that are operating in the global LaaS Market are Cisco Systems (U.S.), Google Inc. (U.S.), Ericsson (Sweden.), IBM Corp. (U.S.), Qualcomm (U.S.), Location Labs (U.S), LocationSmart (U.S), Microsoft Corp. (U.S.), Oracle Corp. (U.S.), Esri (U.S), Accelerite (U.S) and others.

 

Regional Analysis:

Geographically, the LaaS Market has been segmented into four major regions such as North America, Asia Pacific, Europe, and the rest of the world. The North America region commands the maximum share of the LaaS Market during the review period.

The factors such as increased utilization of smartphones and smart devices that are equipped with global positioning systems, rapid expansion of consumer electronics industry, high demand automobiles that are embedded with navigation system, increased reliance of mobility-on-demand applications on global positioning system as their operational platform, and increased affordability of smartphones are majorly propelling the growth of the LaaS Market in the North America region.

The Asia Pacific region is projecting significant growth in the LaaS Market owing to the increased penetration of smartphones in the developing and underdeveloped areas, high demand for mobile applications that rely on global positioning system for their optimum functioning, and increased awareness regarding navigation systems among the population of this region.

 

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Table of Contents:

1 Market Introduction

2 Research Methodology

2.1 Research Component

2.2 Primary Research

2.3 Secondary Research

2.4 Forecast Model

3 Market Dynamics

3.1 Introduction

3.2 Market Drivers

3.3 Market Challenges

3.4 Market Opportunities

4 Executive Summary

5. Market Factor Analysis

Continued….

 

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