The Location-based Services Market is projected to reach $327.6 billion by 2031, at a CAGR of 15.9% During 2024โ2031. The growth of the global location-based services market is driven by the increasing use of spatial data and analytics across industries, the proliferation of location-based services in the retail sector, and the surging use of location-based services in the agriculture sector. However, dynamic government rules and regulations for location-based services restrain the growth of this market.
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