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Industry Developments
Recent developments in the Europe Location of Things Market have shown significant growth, particularly with companies like Microsoft and Google expanding their geographic services through enhanced cloud solutions and artificial intelligence capabilities. In September 2023, HERE Technologies introduced new platforms for fleet management, targeting the logistics sector, which has prompted interest from Geotab and TomTom in collaborative innovations. Additionally, in July 2023, Bosch announced a strategic partnership with Siemens to integrate smart building solutions using location services, aiming to enhance user experiences in urban settings. Notably, IBM engaged in a joint venture with Nokia in August 2023 to revolutionize 5G applications for indoor positioning. Furthermore, recent acquisitions have impacted market dynamics; in October 2023, Verizon acquired a small European software firm specializing in location tracking, boosting its technological capabilities in the sector. The overall market valuation within Europe has been on a steep rise, with estimates projecting continued expansion driven by increasing demand for smart city initiatives and supply chain optimization, reinforcing the importance of accurate location data within various industries.
Report Scope
Report Scope:
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 1.18(USD Billion) |
| MARKET SIZE 2024 | 1.53(USD Billion) |
| MARKET SIZE 2035 | 27.52(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 30.043% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Microsoft, Apple, Verizon, Bosch, IBM, TomTom, Nokia, Google, Geotab, Amazon, SAP, HERE Technologies, Cisco, Siemens |
| SEGMENTS COVERED | Location Type, Regional |
| KEY MARKET OPPORTUNITIES | Smart city development, Enhanced logistics services, Asset tracking solutions, Real-time data analytics, Location-based advertising technologies |
| KEY MARKET DYNAMICS | growing demand for real-time tracking, advancements in IoT technology, increased adoption of smart devices, government initiatives for smart cities, rising need for supply chain optimization |
| COUNTRIES COVERED | Germany, UK, France, Russia, Italy, Spain, Rest of Europe |
FAQs
What is the market size of the Europe Location of Things Market in 2024?
In 2024, the Europe Location of Things Market is expected to be valued at 1.53 billion USD.
What is the expected market size of the Europe Location of Things Market by 2035?
By 2035, the market is projected to grow significantly to 27.52 billion USD.
What is the expected compound annual growth rate (CAGR) for the Europe Location of Things Market from 2025 to 2035?
The expected CAGR for the Europe Location of Things Market is 30.043 percent during the forecast period from 2025 to 2035.
What are the values of the indoor and outdoor segments of the market in 2024?
In 2024, the indoor segment is valued at 0.8 billion USD and the outdoor segment is valued at 0.73 billion USD.
What is the projected value of the indoor segment by 2035?
The indoor segment is forecasted to reach a value of 14.12 billion USD by 2035.
Which region is expected to dominate the Europe Location of Things Market in 2024?
Germany is expected to dominate the market with a share valued at 0.45 billion USD in 2024.
What is the expected market size for the UK in 2035?
The UK market is projected to grow to 7.15 billion USD by 2035.
Who are the key players in the Europe Location of Things Market?
Major players in the market include Microsoft, Apple, Verizon, Bosch, IBM, TomTom, Nokia, Google, Geotab, Amazon, SAP, HERE Technologies, Cisco, and Siemens.
What is the market size for France in 2024?
The market size for France is valued at 0.3 billion USD in 2024.
What is the projected value of the outdoor segment by 2035?
The outdoor segment is expected to reach a value of 13.4 billion USD by 2035.
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