Beyond the Map: Unlocking Value in the Exploding Location of Things (LoT) Market
In an increasingly connected world, knowing "where" something is has transcended simple navigation. It's about efficiency, safety, personalization, and competitive advantage. This fundamental need has given rise to the Location of Things (LoT) Market , a rapidly expanding segment of the broader Internet of Things (IoT) ecosystem. LoT integrates location-based services and technologies with connected devices, transforming raw spatial data into actionable insights for businesses and consumers alike. From tracking assets in a sprawling warehouse to optimizing traffic flow in a smart city, LoT is becoming an indispensable tool for the modern economy. Pinpointing Growth: Stats and Projections The location of things (LoT) market was valued at US$ 22.32 billion in 2019 and is projected to reach US$ 128.75 billion by 2027. The Location of things (LoT) market is expected to grow at a CAGR of 24.5% during the forecast period of 2020 to 2027. Segmentation By Application ...