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The Location Analytics Market is projected to reach a value of USD 58.39 billion by 2031, with a CAGR of 15.6% during the forecast period. This growth is driven by increasing investments in the Internet of Things (IoT) and the widespread use of smart devices and networks, which enable location awareness and intelligent applications. Location analytics integrates geography with a company’s data assets to provide valuable insights and increase productivity. The market is segmented by offering, location type, deployment mode, application, and industry vertical, with cloud deployment dominating due to increased government funding. The use of AI and machine learning technologies has also grown in popularity, driving the market forward.
