Location Based Services (LBS)/Geographical Information Systems (GIS) Market Research, 2005

location based services

LBS/GIS service is considered another killer service after SMS. It has a great market scale and a favorable profit potential; however, the real development is slow. Along with the perfect of industry chain, the LBS/GIS market is expected to become larger and larger. The global LBS/ GIS market started to accelerate in 2005, and the revenue is expected to reach 11.7 billion USD by 2008.

In America, along with the E911 coming into effect, the LBS/GIS market is expected to be well established in 2005, and America is expected to occupy near 50% of the global LBS/GIS market share by 2007.

In the two leading LBS/GIS country markets of Japan and Korea, the market will be more segmented and extended.

In the European market, the LBS/GIS market developments were not as good as most consulting firms expected, however, along with the development of data services and 3G networks, the LBS/GIS market has started to accelerate, the CAGR is expected to be maintained at 60%-70% from 2005-2008.

In China, operators will continue the investment on LBS/GIS services. In 2004, due to the lack of the applications, low quality and consumer demand, the market scale was small. However, the market is expected to develop swiftly in 2005.