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Location-Based Services (LBS) Market to grow by USD 296.3 Billion from 2024-2028, driven by demand for personal and enterprise navigation, with AI powering market evolution – Technavio

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NEW YORK, Oct. 19, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The Global Location-Based Services (LBS) Market  size is estimated to grow by USD 296.3 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  32.77%  during the forecast period. Rise in demand for personal and enterprise navigation services is driving market growth, with a trend towards growing popularity of location-based gaming. However, privacy and security issues in location-based services  poses a challenge – Key market players include AiRISTA Flow Inc., Alphabet Inc., Apple Inc., AT and T Inc., Bayerische Motoren Werke AG, Cisco Systems Inc., Emanate Wireless, Esri Global Inc., Foursquare Labs Inc., General Electric Co., Halma Plc, Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., Oracle Corp., Qualcomm Inc., Siemens AG, Telefonaktiebolaget LM Ericsson, Zebra Technologies Corp., and Ziff Davis Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Component (Hardware, Software, and Services), Type (Outdoor and Indoor), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

AiRISTA Flow Inc., Alphabet Inc., Apple Inc., AT and T Inc., Bayerische Motoren Werke AG, Cisco Systems Inc., Emanate Wireless, Esri Global Inc., Foursquare Labs Inc., General Electric Co., Halma Plc, Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., Oracle Corp., Qualcomm Inc., Siemens AG, Telefonaktiebolaget LM Ericsson, Zebra Technologies Corp., and Ziff Davis Inc.

Key Market Trends Fueling Growth

The location-based gaming industry is experiencing significant growth due to the widespread availability of high-speed Internet and smartphones equipped with positioning technologies like GPS. This has given rise to interactive map-based mobile games such as Ingress, Pokemon Go, and Geocaching, where players’ physical locations determine their in-game progress. The gaming industry’s shift towards an as-a-service model, fueled by technologies such as cloud computing, 5G, and virtual reality (VR), has led to the emergence of new gaming models like online multiplayer and free-roam games. Game developers are leveraging location analytics tools to monitor player movements and create games based on real-world locations. For instance, Bublar Group AB’s Hello Kitty AR: Kawaii World and Ludare Games Group Inc.’s Men in Black: Global Invasion are location-based AR games that merge digital content with real-world locations. The increasing popularity of these games is expected to boost the adoption of location-based services among game developers, driving the growth of the global location-based services market. 

Location-based services (LBS) are on the rise, with mobile positioning at the forefront. Satellite-based GPS, such as Global Positioning System (GPS), leads the way, but hybrid technologies like E-OTD, OTDOA, Wireless-assisted GNSS, A-GNSS, and 5G infrastructure are gaining ground. LBS trends include smart city projects, 3D mapping applications, e-commerce, mobile apps, and real-time location tracking using Bluetooth beacons. Navigation and tracking, transportation and logistics, healthcare, and fleet management are major industries benefiting from LBS. Indoor location services, real-time data, and business intelligence are also key areas of growth. Hardware and software innovations, such as artificial intelligence, augmented reality (AR), and virtual reality (VR), are transforming LBS, with applications in disaster information systems, autonomous vehicles, and social media. Geolocation data, IoT, and connected devices are integral to the LBS ecosystem. Food delivery services and local search are other emerging sectors. Overall, LBS is a dynamic and evolving market, offering numerous opportunities for businesses. 

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Market Challenges

Location-Based Services (LBS) market involves the exchange of personal information between end-users and various players in the value chain. This data, including location, visits, people met, and events attended, can be obtained without consent and misused. Network providers manage and own the databases, granting them access to users’ location-based information. Regulations such as the EU’s General Data Protection Regulation (GDPR) require companies to handle personal data responsibly, ensuring data privacy and legal use. Compliance with regional and global regulations is essential for collecting and using location-based data. Companies must take responsibility for controlling the distribution and use of customer location information. Privacy and security concerns may hinder the growth of the global LBS market.Location-Based Services (LBS) market is experiencing significant growth due to the increasing use of connected devices, GPS, and IoT technology. Autonomous vehicles and disaster information systems are new applications driving demand. Real-time data from positioning technologies like GPS and 5G infrastructure enable navigation services, indoor location services, and transportation and logistics. In healthcare, LBS is used for patient tracking and emergency response. Businesses use LBS for fleet management, local search, and real-time data analysis. Hardware and software solutions include AR and VR for navigation and 3D mapping. Food delivery services and social media also leverage LBS. Challenges include ensuring accuracy and security of geolocation data, and integrating with navigation and tracking systems. Overall, LBS offers valuable opportunities for businesses in various industries.

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Segment Overview 

This location-based services (lbs) market report extensively covers market segmentation by

Component 1.1 Hardware1.2 Software1.3 ServicesType 2.1 Outdoor2.2 IndoorGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Hardware-  The Location-Based Services (LBS) market continues to grow, offering businesses valuable opportunities to connect with consumers based on their geographic location. LBS enables targeted advertising, improved customer experiences, and efficient logistics. Companies like Google Maps, Uber, and Starbucks successfully leverage LBS to enhance their offerings and gain a competitive edge. The market is expected to expand further due to increasing smartphone usage and the integration of IoT devices.

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Research Analysis

Location-based services (LBS) refer to technologies and applications that use geographic location information to enhance and personalize user experiences. Mobile positioning, such as Satellite-based GPS, E-OTD (Enhanced Observed Time Difference), OTDOA (Observed Time Difference Of Arrival), Wireless-assisted GNSS (Global Navigation Satellite System), A-GNSS (Assisted Global Navigation Satellite System), and hybrid technologies, enable real-time data acquisition. LBS applications include smart city projects, 3D mapping, geolocation data, and navigation services. Connected devices like smartphones, IoT (Internet of Things), and wearables leverage LBS for location-based services, social media check-ins, and augmented reality (AR) and virtual reality (VR) experiences. Geographic location data is essential for these applications, providing context and enhancing user engagement. Positioning technologies continue to evolve, offering more accurate and efficient solutions for LBS applications.

Market Research Overview

Location-based services (LBS) refer to technologies and applications that use mobile positioning and real-time data to provide customized information and services based on a user’s location. These services can be delivered through satellite-based GPS, such as Global Positioning System (GPS), or through hybrid technologies like Enhanced Observed Time Difference (E-OTD), Time Difference of Arrival (TDOA), Wireless-assisted Global Navigation Satellite Systems (GNSS), and Assisted-Global Navigation Satellite Systems (A-GNSS). LBS are used in various industries, including smart city projects, transportation and logistics, healthcare, and e-commerce, among others. They enable real-time location tracking, navigation and tracking, indoor location services, and geolocation data for connected devices, autonomous vehicles, disaster information systems, and more. LBS are also integrated with IoT technology, social media, and mobile apps, and are used for 3D mapping, augmented reality (AR), and virtual reality (VR) applications. With the advent of 5G infrastructure, LBS are expected to become even more advanced and integrated into our daily lives.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ComponentHardwareSoftwareServicesTypeOutdoorIndoorGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Mega Matrix Inc. Announced that Romantic Drama Micro-drama “Runaway Billionaire Becomes My Groom” Now Streaming on FlexTV

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SINGAPORE, Jan. 13, 2025 /PRNewswire/ — Mega Matrix Inc. (NYSE American: MPU) announced that the romantic drama short drama Runaway Billionaire Becomes My Groom has officially launched on FlexTV, the leading global short-form streaming platform operated by Mega Matrix Inc. (NYSE American: MPU), as of January 9. What begins as a hasty engagement driven by impulsive emotions unexpectedly leads the two protagonists on a passionate and healing journey of love.

Liana, in a moment of extreme heartbreak, impulsively marries Jacob, a billionaire with hidden secrets. As time passes, their relationship gradually develops into something sincere and deep. However, their love faces serious challenges when confronted with meddling exes, family disputes, and corporate power struggles.

Liana’s ex-boyfriend, still holding on to feelings for her, attempts to sabotage her new life, while Jacob finds himself entangled in fierce power struggles within his company, threatening their fragile new relationship.

MPU operates the globally leading short-form streaming platform FlexTV, currently offering short-form content in over 100 countries, with versions in multiple languages including English, Japanese, Korean, Portuguese, Spanish, French, and Arabic. FlexTV has gained global popularity for its high-quality content and exceptional user experience. Runaway Billionaire Becomes My Groom is now available for streaming on FlexTV, showcasing to viewers that true love requires mutual effort and understanding, as well as the courage to face and overcome the various challenges life presents. For more exciting content, please visit https://www.flextv.cc/.

#LoveAfterMarriage #Romance #Urban #Billionaire #ShortSeries #FlexTV #MPU

About Mega Matrix Inc.: Mega Matrix Inc. (NYSE American: MPU) is a holding company and operates FlexTV, a short-video streaming platform and producer of short dramas, through its subsidiary, Yuder Pte, Ltd.. Mega Matrix Inc. is a Cayman Island corporation headquartered in Singapore. For more information, please contact info@megamatrix.io or visit: http://www.megamatrix.io.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements that are purely historical are forward looking statements. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose,” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees for future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate future acquisitions; ability to grow and expand our FlexTV business; ability to execute the strategic cooperation with TopReels, ability to obtain additional financing in the future to fund capital expenditures; ability to establish the investment fund with 9 Yards Communications under the memorandum of understanding; fluctuations in general economic and business conditions; costs or other factors adversely affecting the Company’s profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; the possibility that the Company may not succeed in developing its new lines of businesses due to, among other things, changes in the business environment, competition, changes in regulation, or other economic and policy factors; and the possibility that the Company’s new lines of business may be adversely affected by other economic, business, and/or competitive factors. The forward-looking statements in this press release and the Company’s future results of operations are subject to additional risks and uncertainties set forth under the “Risk Factors” in documents filed by the Company’s predecessor, Mega Matrix Corp., with the Securities and Exchange Commission, including the Company’s latest annual report on Form 10-K, as amended, and are based on information available to the Company on the date hereof. In addition, such risks and uncertainties include the Company’s inability to predict or control bankruptcy proceedings and the uncertainties surrounding the ability to generate cash proceeds through the sale or other monetization of the Company’s assets. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release.

Disclosure Channels

We announce material information about the Company and its services and for complying with our disclosure obligation under Regulation FD via the following social media channels:

The Company will also use its landing page on its corporate website (www.megamatrix.io) to host social media disclosures and/or links to/from such disclosures. The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these social media channels in addition to following our website, press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described above may be updated from time to time as listed on our website.

 

 

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SOURCE Mega Matrix Inc.

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Wi-Charge Empowers Large Format E Ink Posters with Wireless Electricity, Unlocking Limitless Communication Across Industries

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TEL AVIV, Israel, Jan. 13, 2025 /PRNewswire/ — Wi-Charge, the global leader in wireless electricity, announced today that it is now powering E Ink’s large-format Spectra 6 color panels. E Ink poster-size displays, ranging from 13 inches to 40 inches in size, can now be powered over the air and be installed anywhere without laying cables or replacing batteries. The combined Wi-Charge and E Ink technology, called the Wi-Poster, dramatically opens up opportunities for organizations to deliver the right messages at the right place to their customers, without limitations.

Wi-Charge’s breakthrough and patented infrared wireless electricity eliminates the significant cost and complexity of installing and moving digital signage, even in hard-to-reach areas. By safely and efficiently delivering electric power over the air through infrared light, Wi-Charge simplifies operations, reduces maintenance costs, and offers a sustainable, flexible solution for digital signage across a wide range of industries.

“We are excited to extend the impact and reach of E Ink displays through Wi-Charge wireless power, enabling organizations to make frequent updates to their content without limitations,” said Ori Mor, co-founder and chief business officer, Wi-Charge. “By removing the constraints of wires and batteries, Wi-Charge and E Ink are revolutionizing how businesses engage their audiences and easily deliver dynamic, timely messaging.”

Wi-Poster from Wi Charge delivers a number of new capabilities and benefits to companies using E-Ink, including:

Durable, One-Sided or Double-Sided Displays: The elegant Wi-Poster display is made with premium Gorilla Glass.Deliver Fresh and Timely Messages: By eliminating concerns about draining batteries from overuse, organizations can update content on the E Ink displays as many times as they want.Flexible Positioning: Wi-Charge wireless power enables organizations to position the Wi-Poster E Ink display in the ideal place where it can be seen, not where the nearest plug is located.Broad Relevance Across Industries: From retail to financial institutions to transit hubs, Wi-Charge adapts to each unique environment, offering a seamless solution for digital signageSustainable: By delivering reliable, energy-efficient power to E Ink displays high-wattage LCDs, paper waste and cable installations are eliminated.

“C3 customers rely on us to provide the ideal technology solutions to drive their businesses forward, and Wi-Charge’s wireless power solutions change the game and open up unimaginable possibilities,” said Tony Mahadevan, CEO, C3 Labs. “Through the integration of wireless power with E Ink’s poster-size displays, C3 can offer digital signage to offices and retail space, eliminating their concerns about wires or frequent charging.”

“Today’s hyper-connected consumers expect seamless, immersive in-store experiences that integrate digital interactions at the point of engagement,” said Jason Elmaleh, CEO, Commersive Solutions. “Partnering with Wi-Charge, we’re combining E Ink displays with wireless power to help retailers deliver timely and impactful messages without relying on costly, hardwired solutions. At Commersive, we’re committed to driving the future of retail through smarter, more dynamic in-store solutions.”

For organizations interested in getting additional information on the E Ink displays powered by Wi-Charge, please contact info@wi-charge.com or visit www.wi-charge.com/wi-poster

About Wi-Charge
Wi-Charge is a long-range wireless power company founded to enable automatic charging of cell phones and other smart devices. Our patented infrared wireless power technology can safely and efficiently deliver several watts of power to client devices over room-sized distances. Giving end-users freedom and product designers the power they need for the next generation of mobile smart devices, Wi-Charge is the power of the future, beyond batteries and power cords. For more information, visit http://www.wi-charge.com or follow us on LinkedIn.

Contact
Merrill Freund
merrill@freundpr.com
415-577-8637

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SOURCE Wi-Charge

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Stratejm Launch First MSSP Offering in Canada Featuring Nozomi Networks Vantage Cloud Platform for Unified Security Monitoring and Risk Management

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TORONTO, Jan. 13, 2025 /CNW/ — Nozomi Networks, a leader in operational technology (OT) and Internet of Things (IoT) cybersecurity, and Stratejm, a Bell Canada Company, Canada’s premier Managed Security Service Provider (MSSP), are excited to announce Stratejm as the first MSSP in Canada to integrate the Nozomi Vantage™ cloud platform. This collaboration brings a breakthrough in comprehensive security monitoring and risk management across OT, IoT, IT, edge, and cloud assets – all unified through a single pane of glass.

Stratejm’s renowned Security-as-a-Service (SECaaS) will now offer customers the Nozomi Vantage platform, which extends security visibility, asset management, and risk assessment across an unlimited number of sites, regions, and teams. With this integration, Stratejm will empower Canadian enterprises to leverage Nozomi’s cutting-edge technology through a scalable and seamless service, enabling advanced vulnerability assessment, threat detection, and response.

“As the first MSSP in Canada to offer the Nozomi Vantage platform, we are thrilled to continue advancing Stratejm’s cybersecurity solutions, now with unparalleled support for OT and IoT environments,” said John Menezes, President & CEO of Stratejm. “Through our Security-as-a-Service platform, we are addressing the expanding digital landscape and meeting Canadian enterprises’ needs for a unified, scalable, and cost-effective security solution.”

The Nozomi Vantage cloud platform provides customers with:

Single Pane of Glass Visibility: A unified dashboard that simplifies security management across OT, IoT, IT, edge, and cloud environments.Enhanced Asset Management: A comprehensive view of all assets across multiple locations to identify and manage critical systems and endpoints.Advanced Threat Detection and Response: Streamlined detection, investigation, and response capabilities across OT, IoT, and IT environments.Integrated Vulnerability Management: Continual assessment of potential vulnerabilities to proactively mitigate risk.

“Partnering with Stratejm to deliver the Nozomi Vantage platform as a managed service is a significant milestone in bringing powerful, real-time security monitoring to Canada’s critical infrastructure and enterprise sectors,” said Cade Stephens, Nozomi Networks Head of Worldwide Partner Sales. “With Stratejm’s extensive cybersecurity expertise and the Vantage platform, Canadian organizations can rely on a trusted, comprehensive solution that meets the demands of today’s complex security landscape.”

Stratejm’s SECaaS offering is recognized for its market-leading approach, powered by advanced automation and rapid time-to-containment capabilities. The Nozomi Vantage platform will further enhance Stratejm’s cybersecurity mesh architecture, providing seamless integration across Guardian sensors, Arc endpoints, and other digital assets.

Stratejm and Nozomi Networks are excited to provide Canadian enterprises with this integrated solution, reinforcing Stratejm’s mission to deliver leading-edge cybersecurity and risk management across all operational environments.

For more information about Stratejm’s Security-as-a-Service platform with the Nozomi Vantage integration, please visit www.stratejm.com or www.nozominetworks.com.

About Nozomi Networks 
Nozomi Networks accelerates digital transformation by unifying cybersecurity visibility and resilience for industrial, OT, and IoT environments. Through advanced network monitoring, asset intelligence, and threat intelligence, Nozomi Networks helps organizations defend critical assets against cyber threats. Nozomi’s solutions are trusted by the world’s largest enterprises across multiple sectors.

About Stratejm
Stratejm, a Bell Canada Company is Canada’s leading MSSP, delivering Security-as-a-Service (SECaaS) and Managed Detection and Response (MDR) solutions tailored to the needs of Canadian enterprises. As a Bell Canada company, Stratejm continues to set the standard for cybersecurity through its integrated mesh architecture and industry-leading automation, enabling rapid threat detection and response across IT, OT, and IoT environments.

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SOURCE Nozomi Networks

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