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Location Analytics Tools Market to grow by USD 17.79 Billion from 2024-2028, driven by rising awareness of location-enabled services and AI trends – Technavio

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NEW YORK, Nov. 27, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global location analytics tools market size is estimated to grow by USD 17.79 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 16.93% during the forecast period. Rise in awareness of location-enabled services is driving market growth, with a trend towards ai-based location analytics. However, stringent government regulations for collecting location-based data poses a challenge. Key market players include Alphabet Inc., Alteryx Inc., CartoDB Inc., Cisco Systems Inc., Esri Global Inc., Foursquare Labs Inc., Gravy Analytics Inc., InMarket Media LLC, International Business Machines Corp., Microsoft Corp., Oracle Corp., Pitney Bowes Inc., Precisely, Salesforce Inc., SAS Institute Inc., TomTom NV, Galigeo SAS, GeoMoby Pty. Ltd., Kinetica DB Inc., and Infillion.

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Location Analytics Tools Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 16.93%

Market growth 2024-2028

USD 17.79 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

15.7

Regional analysis

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

Performing market contribution

North America at 40%

Key countries

US, China, Japan, Germany, and UK

Key companies profiled

Alphabet Inc., Alteryx Inc., CartoDB Inc., Cisco Systems Inc., Esri Global Inc., Foursquare Labs Inc., Gravy Analytics Inc., InMarket Media LLC, International Business Machines Corp., Microsoft Corp., Oracle Corp., Pitney Bowes Inc., Precisely, Salesforce Inc., SAS Institute Inc., TomTom NV, Galigeo SAS, GeoMoby Pty. Ltd., Kinetica DB Inc., and Infillion

 

Market Driver

Location analytics tools are essential for businesses seeking to make data-driven decisions based on geographic, operational, and customer data. These tools help businesses address various challenges, such as resource allocation, customer behavior, efficiency improvements, digitalization, and decision-making. Geographic data, including spatial data and foot traffic patterns, plays a significant role in understanding customer experiences and advertising strategies. Businesses can leverage location analytics for asset management, risk mitigation, and real-time decision-making. Digitalization, IoT, AI, and machine learning are key trends driving the market. Geo privacy and data protection regulations are crucial considerations. Location analytics tools offer data visualization, thematic mapping, and spatial analysis, enabling businesses to gain valuable insights from their data. Deployment options include cloud and on-premises, with professional services and consulting available for deployment and integration. Applications span various industries, including retail, transportation, logistics, and healthcare. Key players in the market include Google LLC, offering reporting and visualization tools for indoor and outdoor analytics. Other trends include the integration of ETL, real-time location data from IoT systems, and personalized notifications for e-commerce applications. 

Location analytics, a crucial component of Geographic Information Systems (GIS), assists businesses in interpreting and analyzing location data. This data is presented visually through software dashboards, offering enterprises transparency into their location-related operations. Real-time location analytics is increasingly important, enabling businesses to identify unforeseen circumstances or risks in their data and take prompt corrective measures. Various forms of location data visualization include war conflict zones, infrastructure usage, buildings in a city, and social media usage maps. By harnessing the power of location analytics, businesses can make informed decisions and optimize their processes effectively. 

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 Market Challenges

Location analytics tools help businesses make informed decisions by analyzing geographic, operational, and customer data. These tools address various business challenges, such as resource allocation, efficiency improvements, and customer behavior understanding. They provide real-time decision-making capabilities, digitalization, and data visualization through Business Intelligence (BI) tools and spatial data analysis. However, challenges include data accuracy, privacy concerns, geo privacy, sensitive data protection, IoT security, and data protection regulations. Location analytics tools use AI, machine learning, predictive analytics, and risk mitigation to address these challenges. They offer asset management, cloud computing, and scalable solutions for industries like retail, transportation, and logistics, e-commerce, and healthcare. Services include professional consulting, deployment and integration, and indoor and outdoor location analytics for shoppers, mobile positioning, and satellite-based GPS. Tools also cater to industries like manufacturing, healthcare, IT and telecommunications, and government and defense, providing personalized experiences, targeted marketing, and geocoding/reverse geocoding capabilities. Location analytics tools enable real-time decision-making, risk management, and data integration through ETL processes, reporting, and visualization, thematic mapping, and spatial analysis. They offer cloud and on-premises deployment options and cater to various industries, including transport and logistics, telecom, and tourism.Companies collecting and analyzing location data must adhere to stringent regulations and laws set by government authorities to ensure data privacy and legal usage. Compliance with both regional and global regulations is essential for collecting and utilizing location-based data across various regions. With the increasing availability of personal data and digitalization of enterprises, cybersecurity becomes a significant concern. Companies are responsible for controlling the distribution and use of customer location information to mitigate potential cyber threats. Adherence to these regulations and security measures is crucial for maintaining trust and transparency with customers.

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Segment Overview 

This location analytics tools market report extensively covers market segmentation by

End-user 1.1 Transportation1.2 Retail1.3 BFSI1.4 Media and entertainment1.5 Telecom and othersType 2.1 Outdoor location2.2 Indoor locationGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Transportation- Transportation companies in the supply chain process face challenges in managing increasing material transportation needs, reducing costs, and adhering to customer service-level agreements. To address these issues, they adopt location analytics tools to optimize vehicle operations and route planning. These tools gather data on road conditions, weather updates, urban infrastructure, and route permissions, which are then analyzed in real-time to determine the most efficient route. By using location analytics, transportation companies can optimize logistics costs, enhance service levels, and gain better visibility into their operations. Benefits include streamlined transport operations, reduced operating costs, improved customer service, and efficient resource distribution during high demand. Companies like CartoDB Inc. Offer such tools to transportation firms, contributing to the market’s growth during the forecast period.

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Research Analysis

The Location Analytics Tools market is a rapidly growing industry that leverages geographic data, operational data, and customer data to help businesses make informed decisions. Businesses face various challenges in understanding customer behavior and improving efficiency, which can be addressed through location analytics. Real-time location data from mobile positioning and satellite-based GPS, combined with data from medical equipment, retail centers, and IoT devices, can provide valuable insights. Cloud computing and big data technologies enable the processing and analysis of large volumes of data, while ML technologies, AI, and Wi-Fi location analytics enhance the accuracy and depth of insights. Geocoding and reverse geocoding are essential tools for converting addresses into geographic coordinates and vice versa, while thematic mapping helps visualize data in a more meaningful way. Overall, location analytics tools offer significant benefits for businesses looking to gain a competitive edge by making data-driven decisions.

Market Research Overview

Location analytics is the process of using geographic data in combination with operational and customer data to gain insights and make informed decisions. Businesses face various challenges in today’s digital world, including resource allocation, customer behavior, efficiency improvements, and risk mitigation. Location analytics tools help address these challenges by providing real-time decision-making capabilities, data visualization, and spatial analysis. Geographic data, such as foot traffic patterns, store product correlations, and geocoding, can be integrated with operational data and customer data to uncover valuable insights. Spatial data, including satellite-based GPS and IoT systems, can be used to analyze real-time location data for industries such as retail, transportation, and logistics. Data visualization and reporting tools enable businesses to gain insights from location data, while AI and machine learning technologies can be used for predictive analytics and risk management. Cloud computing and software-as-a-service (SaaS) solutions offer scalable, cost-effective options for deploying location analytics tools. However, data accuracy and privacy concerns are important considerations, as well as data protection regulations and security measures. Location analytics tools can be used for personalized experiences, targeted marketing, and urban planning, among other applications. The market for location analytics tools is growing rapidly, driven by the increasing availability of data and the need for real-time decision-making capabilities.

Table of Contents:

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

End-userTransportationRetailBFSIMedia And EntertainmentTelecom And OthersTypeOutdoor LocationIndoor LocationGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

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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Technology

Saving Southeast Asian vegetable biodiversity

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December 3, 2024

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Assessing trends, current status, and building an inclusive roadmap for future conservation and use

3-4 December 2024
World Vegetable Center headquarters, Shanhua, Taiwan

TAIPEI, Dec. 3, 2024 /PRNewswire/ — Vegetables are hugely important for human nutrition, and for diverse and resilient farming systems that generate income for smallholder producers, processors and traders. But, due to changes in the climate, diets and land use, we see a loss in crop diversity, wild species and varieties that could hold valuable genetic material for breeding more tolerant and productive crops in the future. So, we urgently need to conserve and use more vegetable biodiversity, and this symposium is major step in that direction. The event will be attended by 35 professionals from 11 countries across Southeast Asia. 

This important international symposium comes at the end of the first phase of the Taiwan Asia Vegetable Initiative – ‘the TAsVI project’ – that is strengthening international collaboration for conserving more vegetable biodiversity in Asia, and promoting the use of vegetable germplasm in research, breeding and farming for improved health, nutrition and climate resilience. The World Vegetable Center leads implementation, with partners in Malaysia, the Philippines, Taiwan, Thailand and Vietnam.

It begins on Tuesday 3 December with introductions, including The WorldVeg Director General and representations from the Taiwan Ministry of Foreign Affairs, and other organizations. This will be followed by keynote presentations by leading WorldVeg scientists, and regional perspectives from many ASEAN countries. The second day will focus on building regional consensus on the development of the Southeast Asian Vegetable Biodiversity Rescue Plan, to benefit all countries.

A key component of the Taiwan Asia Vegetable Initiative has been the repatriation back to their respective home countries of more than 3,000 vegetable seed accessions stored at the WorldVeg genebank in Taiwan, that were collected across these countries 20-30 years ago. ‘Seed homecoming ceremonies’, celebrating the return of these seeds to respective national authorities, have been held in Thailand, the Philippines and Vietnam in late 2024, alongside national workshops to promote the use of the accessions being sent ‘back home’, by connecting national genebanks with universities, government organizations, seed companies and farmer organizations. This aim is to expand such activities across the wider Southeast Asia region.

For media, contact – sara.chen@worldveg.org and angel.jeng@worldveg.org
For technical information, contact – maarten.vanzonneveld@worldveg.org

Acknowledgements
This symposium is part of the Taiwan Asia Vegetable Initiative (TAsVI), funded by the Taiwan Ministry of Foreign Affairs (2022-2024). It is implemented by the World Vegetable Center, in partnership with the Taiwan Agricultural Research Institute (TARI) National Plant Genetic Resources Center; Malaysia Agriculture Research and Development Institute (MARDI) Horticulture Research Centre; University of the Philippines Los Baños (UPLB) Institute of Plant Breeding, and Bureau of Plant Industries (BPI), the Philippines; Kasetsart University Tropical Vegetable Research Center (TVRC), and Department of Agriculture Horticulture Research Institute national genebank, Thailand; and Fruit and Vegetable Research Institute (FAVRI), and Vietnam Academy of Agricultural Sciences (VAAS) Plant Resource Center (PRC), Vietnam.

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SOURCE Taiwan Asia Vegetable Initiative

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IEI Unveils HTB-230D-R680E Medical AI Computer: Transforming Medical Imaging with AI-Powered Precision

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51 minutes ago

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December 3, 2024

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TAIPEI, Dec. 3, 2024 /PRNewswire/ — IEI Integration Corp. (TAIEX:3022) proudly announces the launch of the HTB-230D-R680E Medical AI Computer, a cutting-edge solution designed to revolutionize medical imaging diagnostics.

As the demand for precise and rapid medical imaging grows, healthcare professionals require tools that deliver both accuracy and efficiency. The HTB-230D-R680E meets this need with advanced AI computing capabilities and an intuitive 10.1″ PCAP touchscreen, significantly reducing diagnostic time while enhancing precision. The HTB-230D-R680E is ideal for surgical recording, medical diagnostic assistance, and AI Inference in Medical Imaging.

Advanced Computing Power for Medical Diagnostics

Powered by 13th Gen Intel® Core™ i9/i7/i5 processors and up to 128GB DDR5 memory, the HTB-230D-R680E supports NVIDIA Quadro RTX Ampere GPUs, delivering exceptional AI computing power. Healthcare professionals efficiently process imaging data, detecting subtle abnormalities often missed, enabling faster and more accurate diagnoses.

Medical-Grade Scalability and Reliability 

The HTB-230D-R680E is designed to adapt to diverse medical applications. It supports one PCIe x16 and two x4 expansion slots, allowing for the seamless integration of GPUs, video capture cards, and interface cards.

To meet rigorous demands in healthcare environments, it incorporates a 700W ATX medical-grade power supply and a sophisticated three-zone airflow system, ensuring stable operation under heavy workloads.

Interactive 10.1″ PCAP Touchscreen for Intuitive Diagnostics

Integrated with a 10.1″ 1920×1200 LCD featuring 10-point touch capability, this interactive display delivers real-time visualization and intuitive operation with multi-layer gloves, simplifying workflows and improving efficiency for healthcare professionals.

“The HTB-230D-R680E redefines efficiency and precision in medical imaging. By leveraging advanced AI capabilities powered by its robust CPU and GPU integration, it accelerates image recognition and pathological analysis, ensuring faster, more accurate for diagnostic assistance,” said David Hung, Product Manager at IEI.

Discover how HTB-230D-R680E transforms medical imaging. Visit https://www.ieiworld.com/en/product/model.php?II=1055

About IEI:

IEI Integration Corp. is one of the world’s leading providers of industrial computing and AIoT solutions. Committed to delivering innovative technologies in industrial computers, medical IT, and network communications, it paves the way for a smarter, more connected future across diverse industries. (www.ieiworld.com)

Video – https://www.youtube.com/watch?v=Bhr4gV4HzLs
Photo – https://mma.prnewswire.com/media/2568260/image_5025592_8953033.jpg

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Technology

From a Hacker News Post to $1.5M Funding: Recall is on a mission to bring order to content chaos

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December 3, 2024

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A post on Hacker News led to Recall securing a $1.5M funding round, led by renowned VC Jason Calacanis. Now, Recall is transforming how individuals and businesses consume, organize, and review their knowledge.

AMSTERDAM, Dec. 3, 2024 /PRNewswire/ — Recall (getrecall.ai), helps users summarize, organize, and revisit information. Unlike most AI tools that prioritize efficiency, Recall enhances learning through scientific techniques like active recall and spaced repetition. The journey began with a Hacker News post that attracted its first investment from Splash Capital within just 8 hours. Today, Recall has secured $1.5 million in pre-seed funding led by Jason Calacanis, with participation from Blockchain Founders Capital and Rocket Capital. This will fuel Recall’s mission to bring order to content chaos, transforming how individuals and businesses consume, organize, and retain knowledge.

The Story Behind Recall

South African CEO, Paul Richards, brings a decade of expertise in knowledge graphs in the cybersecurity industry, as one of the first employees at Maltego, seeing it through to exit. Recall was born from frustration with existing tools that required excessive manual effort but failed to connect and resurface knowledge effectively.

He envisioned a self-organizing knowledge graph that would dynamically connect his notes and resurface past content whenever new, related information emerged. So, he built Recall as a side project, but after a year of trying, he failed to gain any traction. The post on Hacker News was Paul’s last resort, and it turned out to be a lifesaver. That first check changed everything. He quit his job, went all in, and brought on CTO Igor Gligorević, a true 10x developer from Novi Sad, to accelerate development.

After a few successful Product Hunt launches, including getting #1 Product of the Month in June, the team got into Jason Calacanis’ accelerator programme. They were voted top startup in their cohort which then led to Jason leading their pre-seed round.

 “Our vision is to redefine knowledge management as ‘intelligence management,’ where content consumption is intentional and insightful,” said Recall’s COO, Sankari, who brings over 10 years of startup experience (7 years at Uber and 3 at CloudKitchens).

How Recall works

The web & mobile app organizes information into a personalized knowledge graph, automatically tagging and connecting content based on key entities. There are four main features:

Summarize – Recall summarizes online content from articles, PDFs, and YouTube videos up to 10 hours long.Categorize – Automatically categorize content using topic-based tags that adapt to the user’s existing taxonomy.Connect – Content is stored in a knowledge graph, revealing hidden connections and unlocking new insights.Review – Recall reinforces memory with a spaced repetition quiz, helping users retain content over time.

Product Hunt Launch

Get ready for an exciting new chapter in Recall’s journey! Soon bringing even more utility and powerful insights to its platform. Don’t miss out—follow the Recall team on Product Hunt to be the first to explore the new features.

Recall 

Recall is an AI powered personal encyclopedia that enables order amidst the chaos by summarizing, categorizing, and connecting content in a knowledge graph. It is a Delaware C corp, founded in 2022 in Amsterdam, by Paul Richards, a South African fullstack developer with a deep expertise in knowledge graphs in the cyber security industry. Founders: CTO: Igor Gligorevic (Serbian | FS Dev | EPAM) &  COO: Sankari Nair (South African | 7 years ex-Uber ).

For more information, visit www.getrecall.ai or contact us at support@getrecall.ai.

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