Location-based services to show tremendous growth
25 April 2001
News
The nascent location-based services (LBS) industry stands on the brink of tremendous growth, according to the findings in a new study from Allied Business Intelligence.
According to ABI, world LBS revenues will grow from approximately $1 bn in 2000 to over $40 bn in 2006, a compound annual average growth rate of 81%.
"Many factors will contribute to LBS revenue growth from virtually nothing today," said ABI Analyst, Frank Viquez, the author of the report. "Despite the obvious US Enhanced 911 mandate, which calls for US wireless carriers to begin selling automatic location identification (ALI) capable handsets by the end of 2001, carriers are also looking for new revenue streams and newer ways to deliver compelling services, in order to promote customer loyalty and to reduce churn."
Most carriers have already stated their plans to pursue their network or handset-based location fixing technologies in their networks. Sprint recently announced its plan to incorporate GPS chips into its handsets.
Several companies are wrapping up initial LBS and location-relevant wireless advertising test markets and have been reporting very positive results. However, possible threats toward the development of the LBS industry lie in concerns over privacy issues and unsolicited wireless advertising. ABI says this should not be a major concern for subscribers, because the carriers, application and content developers, and infrastructure providers alike have invested millions of dollars in the research and development of LBS; the last thing they want to do is put the LBS consumer in a vulnerable position, so their focus is to empower consumers and to protect them from such dangers by offering them 100% opt-in solutions.
www.alliedworld.com
Further reading:
From the editor’s desk: Windows 10’s end of support arrives bringing industrial risks
Technews Publishing
News
By the time you read this column, support for non-LTSC editions of Windows 10 will have ended, officially having their last day on 14 October 2025. This means no more security patches, feature updates,
...
Read more...
Electronic News Digest
News
A brief synopsis of current global news relating to the electronic engineering fields with regards to company finances, general company news, and engineering technologies.
Read more...
Correction: Marijana Abt, Rebound Electronics
News
In the August issue of
Dataweek magazine, the article titled ‘Celebrating innovation, leadership, and the next generation’ featured Marijana Abt, senior account manager at Rebound Electronics. Owing
...
Read more...
Trasna and RF Design announce distribution agreement
RF Design
News
Trasna and RF Design have announced a strategic distribution agreement for cellular IoT solutions which will ensure seamless availability of Trasna’s cellular connectivity solutions.
Read more...
Local partnership puts demand-side management to work in South Africa
News
Sensor Networks has partnered with European demand-side management specialist ThermoVault to bring advanced load-shifting capabilities to one of the country’s biggest energy consumers: the household geyser.
Read more...
Hisense SA launches year-long learnership programme for youth
News
Hisense SA’s manufacturing plant in Atlantis recently welcomed 100 young people from the local community, to embark on a year-long learnership and skills development programme.
Read more...
Comtest hosts channel partners
Comtest
News
Comtest, together with FLUKE, recently set the stage for an unforgettable afternoon as they welcomed over 80 Channel Partners to their annual celebration of excellence.
Read more...
RS South Africa and Qhubeka empower learners through the gift of mobility
RS South Africa
News
Through its bicycle donation initiative, 354 bicycles have been distributed to date, empowering students to access education more easily by reducing the physical and economic barriers posed by long daily commutes.
Read more...
Deca and SST announce strategic collaboration
News
The collaboration provides customers with a modular, memory-centric foundation for advanced multi-die architectures.
Read more...
Specialised Exhibitions transitions to new name: Montgomery Group Africa
News
As part of a strategic move to streamline operations, strengthen regional alignment, and support long-term growth, Specialised Exhibitions has transitioned to a new name: Montgomery Group Africa.
Read more...
printer friendly version