Location-based Services (LBS) use real-time geo-data from a mobile device or smartphone to provide information, entertainment or security. Some Services allow consumers to "check in" at restaurants, coffee shops, stores, concerts, and other places or events. Often, businesses offer a reward — prizes, coupons or discounts — to people who check in. Google Maps, Foursquare, GetGlue, Yelp and Facebook Places are among the more popular Services.
Location-based Services use a smartphone's GPS technology to track a person's location, if that person has opted-in to allow the service to do that. After a smartphone user opts-in, the service can identify his or her location down to a street address without the need for manual data entry.

Market Analysis and Insights: Global LBS Market
The global LBS market size is projected to reach US$ 92590 million by 2027, from US$ 22740 million in 2020, at a CAGR of 21.7% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global LBS market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global LBS market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global LBS market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global LBS market.

Global LBS Scope and Market Size
LBS market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global LBS market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Technology and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Technology
GPS
Assisted GPS (A-GPS)
Enhanced GPS (E-GPS)
Wi-Fi
Others

Segment by Application
Transportation & Logistics
Manufacturing
Government & Public Utilities
Retail
Healthcare & Life Sciences
IT & Telecom
BFSI
Others

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
Alibaba Group
Apple
Foursquare
Google
HERE
Aisle411
Baidu
Dianping
Etisalat
Facebook
Intel
MazeMap
Micello
MTN Group