Location-Based Service Revenues in Europe to Reach US$ 825 mil. by 2017

Dublin, Ireland, February 15, 2013--According to a new research report by Berg Insight, mobile location-based service (LBS) revenues in Europe are forecasted to grow from 325 million in 2012 at a compound annual growth rate (CAGR) of 20.5 percent to reach 825 million in 2017.

The North American LBS market is forecasted to grow at a CAGR of 9.2 percent from US$ 835 million in 2012 to reach US$ 1,295 million in 2017. Berg Insight estimates that 40 percent of all mobile subscribers in Europe use some kind of location-enhanced application on a regular basis. In North America, the larger installed base of GPS-enabled handsets and smartphones has enabled higher uptake of LBS.