Mobile LBS market projected to grow to over $1 billion by 2017

02/13/2013 | Telecom Lead (India)

The mobile location-based services market in North America is expected to grow at a compounded annual growth rate of 9.2% to a value of almost $1.3 billion by 2017, according to a Berg Insight report. During the same period, Europe's LBS market will experience a compounded annual growth rate of more than 20%, driven by smartphones with location-based technology. Almost half of smartphone users in North America use location-based applications each month.

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Telecom Lead (India)