Menu

M2M FEATURE NEWS

Location Based Systems Set to Break Out?

By Oliver VanDervoort December 03, 2012

Location Based Systems (LBS) have been looking to break out for years now. Despite the fact that LBS technology still hasn’t really hit its stride, a new report by Berg Insight seems to believe that the next five years are when the tech is really going to explode. 

Berg Insight just released a new research report that says that the global market for LBS technology is going to see steady growth over the next several years. In 2012, Berg believes that LBS tech will top out with revenue somewhere just over $230 million. By 2017, that revenue number is expected to grow to more than $360 million. One of the things driving this new demand is technology that works well with LBS solutions, such as those that use Interactive Voice Response (IVR) in new and innovative ways.

"Leading location platform and chipset vendors such as Ericsson, TeleCommunication Systems, CSR, Broadcom and Qualcomm are now also escalating their efforts to enable reliable and ubiquitous location indoors", said Andr Malm, senior analyst, Berg Insight. "Achieving seamless transition between outdoor and indoor navigation requires handsets with hybrid location technologies.”

Technologies that are being billed as hybrids of LBS and other techs are also growing and those hybrid technologies will almost certainly mean better revenue numbers for LBS producers. It does indeed seem as though this particular technology is one that could really catch on thanks in large part to help from other sectors and technologies. 




Edited by Brooke Neuman

Contributing Writer

SHARE THIS ARTICLE
Related Articles

Mobile and M2M Will Work Together to Deliver Vastly Improved Services

By: TMCnet Special Guest    5/14/2015

As we embark upon this journey with exciting new realities for M2M like the emergence of smart cities, smart vehicles and proactive maintenance, I wou…

Read More

How the Internet of Things Affects Network Administration

By: TMCnet Special Guest    5/13/2015

There's a tremendous amount of buzz around the Internet of Things, or IoT: How it will revolutionize manufacturing, agriculture, medicine, and our dai…

Read More

Wheelings and Dealings: Cubic Telecom Secures Investments from Audi and Qualcomm

By: Ken Briodagh    5/7/2015

Cubic Telecom, a global M2M connectivity platform provider, has secured a $20 million investment from Audi Electronics Venture and Qualcomm Incorporat…

Read More

The Top Challenges to 'Watch' Out for in Wearable Advertising

By: TMCnet Special Guest    5/5/2015

Wearables, such as the recently released Apple Watch, offer an opportunity for brands to reach audiences in a personalized way, offering true one-to-o…

Read More

The Network and the IoT: A Necessary Partnership

By: Ken Briodagh    5/5/2015

Now that creating new IoT solutions for business is becoming easy as plug and play, simply getting solutions online isn't enough. Devices need to be s…

Read More