Mobile network operators and internet service providers have a significant new upside opportunity. The global market for mobile Location-Based Services (LBS) will demonstrate solid growth in the next few years, according to the latest market study by Berg Insight. Berg believes that LBS related revenues will to increase from €10.3 billion in 2014 at a compound annual growth rate (CAGR) of 22.5 percent to reach €34.8 billion in 2020. "The increase in usage of LBS has resulted in significant revenue growth, especially for leading players such as Google, Facebook, Baidu, Tencent, Twitter and Yahoo," said André Malm, senior analyst, Berg Insight . Together, these companies accounted for an estimated 60 percent of the total global LBS revenues in 2014. The market development outlook includes the established leaders continuing to gain momentum. The social networking and entertainment category -- comprising services like mobile social media, messaging apps and games -- is no...
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