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

Columbia is the First Latin American Country to See Its Electric Grid Optimization Platform Go Live

By: Joe Rizzo    8/3/2015

Hydroelectricity is the most widely used form of renewable energy. The term refers to electricity generated by the use of the gravitational force of f…

Read More

An Open Letter to John Legere: 33,000 net-deactivations in Q2? How?

By: James Brehm    7/30/2015

In the last 24 hours, we have had countless people asking, "What in the world is going on at T-Mobile?" This is in response to T-Mobile's early press …

Read More

Brazil: Latin America's Largest M2M Market

By: Tara Seals    7/30/2015

Machine-to-machine connections are expected to make up a significant portion of overall Internet of Things (IoT)-related wireless connections going fo…

Read More

Industrial IoT Tech Drives Incredible Production, Creates Potential Problem

By: Ken Briodagh    7/28/2015

Chinese IoT company Jiangxi Outrace Technology has deployed M2M technology to enhance production capacity at an LED lighting facility, and also cut th…

Read More

How to Select the LPWAN Strategy for You

By: TMCnet Special Guest    7/24/2015

When selecting the LPWAN strategy several aspects need to be taken into account.

Read More